When the Reserve Bank met between 11-12 August, they unanimously voted to cut the cash rate to 3.6 per cent.
The move, which followed a surprise decision to hold the rate in July, means the cash rate is now the the lowest it has been since April 2023.
Those paying back a mortgage of $650,000 (approximately the size of the average Australian home loan) stand to save around $100 a month, should the ba...
