There’s great news for future Highland Walloon buyers as the Reserve Bank of Australia announces another interest rate cut, slashing the official cash rate by 0.25 percentage points.
The move comes as the RBA continues efforts to ease financial pressure on households and stimulate the economy. It will translate to hundreds of dollars in annual savings for borrowers – a major win for anyone looking to enter the property market.
Looking at a $500,000 home loan, for example, today’s rate cut could mean a saving of approximately $65 to $75 per month, depending on the lender and loan structure. That’s up to $900 per year in savings.
And there’s more!
Economists are predicting further rate cuts later this year, as inflation continues to moderate and the RBA seeks to support broader economic growth.
So, as we get ready for the first land release at Highland Walloon, savings are on the table and there’s never been a better time to make your move.
Lennium Development Manager Ian Worthington said the latest rate cut added even more momentum to an already strong buyer market.
“The good thing about interest rate cuts is that they give buyers real breathing room, especially first home buyers and young families looking to enter the market,” he said.
“At Highland Walloon, we’re about to release some of the most affordable house and land packages in Southeast Queensland. When you combine that with falling interest rates, it’s a powerful time to buy.”
Ian said the community would tick all the right boxes for buyers looking for affordability, location, and long-term growth.
“We’re in a strong position here in Ipswich’s western growth corridor and Highland Walloon is conveniently located near schools, transport and lifestyle amenities.
“This is about smart timing. Buyers are recognising the opportunity and interest rate cuts like this only sweeten the deal.”
Register now to find out more about the first land release.