Economist Stephen Koukoulas predicts major savings for homeowners

·

Economist Stephen Koukoulas predicts that homeowners could soon save hundreds of dollars monthly, as there’s a strong likelihood the Reserve Bank will begin cutting interest rates at its February 18 meeting.

Money markets have already priced in nearly four 25 basis point cuts by mid-2026, which will lower mortgage repayments for homeowners and small business loan holders.

These rate cuts will free up cash for borrowers, potentially boosting consumer spending or debt reduction, supporting economic growth and a healthy labor market.

For example, a 25 basis point cut on a standard 25-year principal and interest mortgage at 6.25% would reduce repayments by $16 per month for every $100,000 in debt. However, the impact will vary based on loan terms and individual conditions.

Source: Yahoo Finance.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Kostas Sloukas praises Greek Australian fans as Panathinaikos arrive in Sydney

Panathinaikos BC touched down in Sydney this week for the second leg of the 7th Pavlos Giannakopoulos Tournament.

From family legacy to the Federal Court: A look into Justice Anastasis Liveris’ legal career

In an exclusive interview with The Greek Herald, the Greek Australian judge reflected on how he felt to achieve this major career milestone.

The Greek influence on Australian television

Among the many communities that helped shape TV culture were Greeks, whose presence both on and off screen left a lasting mark.

Critically endangered monk seal welcomes newborn on Karpathos island

The first Mediterranean monk seal (Monachus monachus) birth of 2025 has been confirmed on the island of Karpathos.

Campaigners celebrate as Milos luxury hotel project is halted

Environmental activists have welcomed the suspension of a controversial five-star hotel project on Milos’s world-famous “moon beach”.

You May Also Like

Varvara Ioannou named ‘Volunteer of the Year’ in 2022 Manningham Civic Awards

Varvara Ioannou was amongst five other Melbournians who were recognised in Manningham City Council's 2022 Civic Awards on Wednesday night.

Greece’s Ambassador to Australia: ‘The OXI Day message is timeless’

Greece’s Ambassador to Australia, Stavros Venizelos has issued a message for OXI Day, emphasising the strong historical bonds between Australia and Greece.

Thousands of Greek workers strike over rising cost of living

Workers flocked to the streets of Athens on Wednesday to take part in a 24-hour general strike to protest the rising cost of living.