July Rate Hold

🎙️ What the RBA’s Surprise July Rate Hold Means for First‑Home Buyers

Hi, I’m HP Singh from Borrow Easy, here in Adelaide.

The Reserve Bank of Australia just shocked a lot of people by holding its cash rate at 3.85% in July, despite many expecting a 0.25% cut. Let’s unpack what that means for you, especially as a first-home buyer.

🤔 Why did they hold off?

Governor Michele Bullock said the RBA wanted more inflation data before making a move. Even though inflation is within the 2–3% target, they’re waiting for confirmation it’s sustainable — not just a blip.

Also, this is their first transparent vote — it was 6–3 in favour of holding, showing the board is cautious.

🏠 What does it mean for first-home buyers?

1. Your mortgage rates stay the same… for now
No surprise cut this month, so lenders likely won’t pass one on either (Herald Sun).

2. A cut is still likely soon
Most economists expect a cut in August — after the June-quarter inflation report is released around July 30.

3. What you can do today

Action Why it’s smart ✅ Get pre‑approved now You’ll be ready to move fast once rates drop ✅ Compare current loan options You might lock in better rates today ✅ Talk to a broker You’re more than just a rate: we help with grants, plans, and peace of mind

💡 Final take

This rate hold isn’t bad news — it’s just a pause, not a reversal. And if you prepare now, you’ll be the first in line when rates drop.

👇 Want help with your options?

• Book a free 10‑min chat with me: borroweasy.com.au/call

• Or send me a quick message: hp@borroweasy.com.au

Let’s make sure you’re ready to lock in a great deal — no stress, no delays.

— HP Singh, Borrow Easy