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When are interest rates going to fall?

Jul 12, 2024 | Podcasts, Wealth Coffee Chats

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In this edition of Finance Friday, Cang Dang from Positive Money walks us through the expected announcements from the RBA regarding rate cuts, when we can expect them and the impact any cuts (or hikes) are going to have on your ability to borrow from a broker. Let’s Wealth Coffee Chat!

00:00 Introduction.
01:57 Show Starts – Introducing Finance Friday with Cang Dang.
03:05 When can Australia expect cuts to interest rates? 2024 or 2025?
05:07 The RBA’s June statement: the RBA is telling us that there could be another rate hike.
06:08 The difference between principle and interest vs interest only and their impact on your borrowing.
09:25 Borrowing is about finding a solution to achieving your investment goal.
12:25 Closing thoughts – tips that brokers can pass on to clients to help them understand borrowing more.

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