Yesterday afternoon, the Reserve Bank of Australia announced it is lowering the cash rate for the first time since 2020.The cash rate was 4.35%, but it is now 4.1%.It’s big news for Aussies, particularly those with a mortgage or who are wanting to apply for a home loan for the first time, and it’s also big news for the Labor Government - with this likely now impacting when we will go to an election.If you’re confused about any of that, you’ve come to the right place. We’re here to discuss what a cash rate actually is, and how it will affect you whether you have a mortgage or not.

Hosts: Billi FitzSimons and Sam Koslowski
Producers: Elliot Lawry

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Yesterday afternoon, the Reserve Bank of Australia announced it is lowering the cash rate for the first time since 2020.The cash rate was 4.35%, but it is now 4.1%.It&rsquo;s big news for Aussies, particularly those with a mortgage or who are wanting to apply for a home loan for the first time, and it&rsquo;s also big news for the Labor Government - with this likely now impacting when we will go to an election.If you&rsquo;re confused about any of that, you&rsquo;ve come to the right place. We&rsquo;re here to discuss what a cash rate actually is, and how it will affect you whether you have a mortgage or not.
Hosts: Billi FitzSimons and Sam Koslowski Producers: Elliot Lawry
Want to support The Daily Aus? That's so kind! The best way to do that is to click &lsquo;follow&rsquo; on Spotify or Apple and to leave us a five-star review. We would be so grateful.
The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.
Want more from TDA? <a href="https://thedailyaus.com.au/newsletter/">Subscribe to The Daily Aus newsletter</a> <a href="https://www.youtube.com/@thedailyaus">Subscribe to The Daily Aus&rsquo; YouTube Channel</a>
Have feedback for us? We&rsquo;re always looking for new ways to improve what we do. If you&rsquo;ve got feedback, we&rsquo;re all ears.&nbsp;<a href="https://thedailyaus.typeform.com/to/D0EhJI4S">Tell us here</a>.

This is a daily news podcast for young people in Australia. Join The Daily Aus team every weekday morning as we cover the news in your language. We’re a newsroom of young journalists, delivering news for young people.

TDA is completely independent. We are not owned by any larger media company.

This is a daily news podcast for young people in Australia. Join The Daily Aus team every weekday morning as we cover the news in your language. We’re a newsroom of young journalists, delivering news for young people.
TDA is completely independent. We are not owned by any larger media company.

This is a daily news podcast that breaks down issues important to young people in Australia.

The Daily Aus

The Daily Aus podcast is a five-minute entree to your news diet, and is presented by co-founders Sam (27) and Zara (25). Join them every weekday morning as they cover the news of the day in your language and take a deep dive into the biggest story of the day so that you’re armed with talking points when you meet your blind date, get caught chatting in the coffee line or have to face the in-laws. Over 400,000 Australians get their news from The Daily Aus on Instagram, and now they're hitting your headphones.

How the change to interest rates affects you

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/c6e82ece-f626-4f9c-b95d-b288006da950/transcript

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