This afternoon the Reserve Bank of Australia (RBA) has left the official cash rate unchanged.

The official cash rate remains at 3.50% p.a. (this is the wholesale rate before bank margins)

The most competitive variable rates with lenders presently range between 5.84% – 6.10% p.a.

Monthly mortgage repayments (P&I over 30 yrs at 5.95%) will be approximately $596.34 per month per $100,000 borrowed.

For more official information from Reserve Bank of Australia, click here.