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flag Australian banks plan cuts to mortgage rates, offering relief from high living costs in 2025.

flag Australians may find some relief from rising living costs in 2025, thanks to anticipated cuts in cash rates by major banks, including CBA, Westpac, NAB, and ANZ, which could reduce monthly mortgage repayments significantly. flag Youth Allowance and Austudy recipients will see a $30.60 per fortnight increase, and the government’s Help to Buy program aims to help lower-income first-time buyers with lower deposits and repayments. flag Canstar advises homeowners to proactively refinance to lower rates and set financial goals for 2025.

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