November 2025 Rate Cut: Fourth Cut This Year
The RBA cuts rates again to 3.35%. What this means for borrowers and the property market.
Raj Bhangu
Principal Mortgage Broker
Key Takeaways
- 12025 saw four rate cuts: 4.35% → 4.10% → 3.85% → 3.60% → 3.35% (full 1% drop)
- 2Annual savings after all cuts: ~$2,800 on $400K loan, ~$5,600 on $800K loan
- 3Not all banks passed on cuts in full - compare your rate against market
- 4Consider refinancing if your bank hasn't passed on the full rate reductions
The Reserve Bank has delivered its fourth rate cut of 2025, reducing the cash rate to 3.35%. Here's what you need to know.
Rate Cut History in 2025
- February: 4.35% → 4.10%
- May: 4.10% → 3.85%
- August: 3.85% → 3.60%
- November: 3.60% → 3.35%
That's a full 1% drop over the year, translating to significant savings for borrowers.
Your Savings After All Cuts
If your bank passed on all cuts in full, here's your annual savings compared to late 2024:
- $400,000 loan: ~$2,800/year
- $600,000 loan: ~$4,200/year
- $800,000 loan: ~$5,600/year
Did Your Bank Pass It On?
Not all banks have passed on rate cuts in full. If yours hasn't, you could be missing out on thousands in savings. Check your current rate against what's available in the market.
Use our comparison calculator to see how your rate stacks up, or speak with us about refinancing options.
Sources & References
This article references information from the following authoritative sources:
Raj Bhangu
Principal Mortgage Broker
Expert mortgage broker helping Australians achieve their property dreams with personalized home loan solutions.
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iSmart Finance Group ACN 608 986 554 is Credit Representative 481761 of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237). We are members of the Finance Brokers Association of Australia (FBAA) and comply with the National Consumer Credit Protection Act 2009.
Our content is based on industry expertise, regulatory guidelines from ASIC and APRA, and data from the Reserve Bank of Australia. All information is current as of the publication date and subject to change.
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