Mortgage Rates Dropping 2024 Australia. After the reserve bank of australia’s (rba) attack on the rising cost of living over 2022 and 2023, borrowers are ready for rates to ease. The central bank’s 13 interest rate increases since may 2022 have resulted in some households entering mortgage stress territory.

Next cut by february 2025, cash rate falling. With this in mind, those with a mortgage are probably wondering how long they may have to wait for an answer on rates.