Knowledge Centre

Not all lenders are waiting for the RBA to cut rates

01/08/2025

Even though the Reserve Bank of Australia (RBA) held the cash rate steady in July, some lenders have already started trimming their home loan rates.

That’s because not all lenders are moving in sync. Some are dropping rates early to stay competitive and attract new customers – which means loans that once had very sharp rates may no longer be as competitive.

But that doesn’t mean switching is always the right move.

In a market like this, a proper loan review matters. Sometimes your existing lender has made quiet adjustments behind the scenes to keep you competitive – alternatively, your current loan’s structure, features or flexibility may still be delivering strong value, even if the rate looks slightly higher at face value.

Here’s what to consider:

• Your lender might not be keeping up. But some do adjust selectively for existing customers.
• The lowest rate isn’t always the right deal for you. Making sure your loan structure and features match your financial goals is most important.
• A loan review can reveal where you stand. The right choice might be switching – or staying put, with confidence.

Not sure if your loan still stacks up? Let’s take a look together.