Ongoing local and global economic uncertainty has forced the Reserve Bank of Australia to drop the official cash rate.
Today's decision marks the second rate cut this year, and means the cash rate is now sitting at the new historic low of 1.5%.
All eyes will now be on Australia's lenders to see if they follow suit and pass on today's interest rate cut, or choose to hold fire.
Regardless of what happens over the short to medium term, it is important to note that home loan interest rates are still sitting at record lows.
If you'd like to take another look at your financial situation or you're ready to buy - let's talk. As the property market picks up for spring, it pays to have a loan pre-approval in place, so you know your budget and can jump on the right property when it comes on the market.
Don't forget, I'm here to help you find the right loan for your needs and do all of the legwork on your behalf.