RBA May Rate Cut: Lenders Responding Fast
With more than 65 lenders announcing rate changes, it’s clear borrowers are finally seeing the benefit of the RBA’s latest cut. Encouragingly, all lenders so far are passing on the full reduction to variable rate customers.

Highlights:
Pacific Mortgage Group leads with a 5.34% variable rate
17+ lenders offering rates under 5.50%
Big four banks averaging 5.59% – 5.94%
Most changes rolling out between June 3–30

Now is a great time for clients to reassess their home loans. At Loan WA, we’re helping homeowners secure sharper rates and avoid unnecessary delays.

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