Interest rates are coming down. Here’s what homeowners should know about refinancing
- Written by Ama Samarasinghe, Lecturer, Financial Planning and Tax, RMIT University

On Tuesday, the Reserve Bank of Australia cut the target cash rate by 0.25 percentage points. It now sits at 3.85% – the lowest since May 2023.
Australia’s big four banks were all quick to announce they would be passing the cuts on to borrowers. If you’ve got a mortgage, you might be wondering if this is...