Housing has been a key theme of the election, so new policies are likely no matter who wins. In this Finance Update: April 2025, we also explore the latest news making headlines in finance, property and the economy.
- RBA reveals positive mortgage data
- Inflation keeps trending down
- Investors weathering a cash flow storm
- Building cost growth hits 15-year low
The Reserve Bank of Australia’s latest data brings good news for homeowners in this Finance Update: April 2025, highlighting improved mortgage stability.
The Reserve Bank of Australia (RBA) has found “the vast majority of borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank’s latest Financial Stability Review.
Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mortgage commitments and potentially get ahead on their mortgage.
Furthermore, less than 1% of borrowers are currently in negative equity (i.e. their property is worth less than their outstanding mortgage), which is “a meaningful improvement” from before the pandemic.
“Large liquidity and equity buffers would enable most households to navigate a period of higher-than-expected inflation and interest rates or a significant deterioration in the labour market,” the RBA said.
“Even when faced with a severe 30% decline in housing prices, around 9 in 10 mortgagors would still have positive equity. These borrowers could sell their home, albeit a disruptive and last resort solution, for at least the outstanding balance of their loan if faced with severe stress.”
Everyone has a unique scenario, which is why it’s important to talk to an expert about your specific situation. If you’re struggling to meet your repayments, your mortgage broker and lender can help.
The latest inflation data, which were recorded before the USA’s recent series of tariff announcements, show further progress in the battle against inflation, making future interest rate cuts more likely.
The annual headline inflation rate fell from 2.5% in January to 2.4% in February, according to the Australian Bureau of Statistics, which was the seventh consecutive month it had been within the Reserve Bank of Australia’s (RBA) target range of 2-3%.
Also, the annual trimmed mean inflation rate (which the RBA regards as more reliable, because it excludes items with wild price swings from inflation calculations) fell from 2.8% in January to 2.7% in February, which was the third consecutive month it had been within the target range.
The RBA has kept interest rates quite high over the past three years, to reduce demand from the economy and put downward pressure on inflation.
If the RBA believes inflation is now under control, it may consider reducing the cash rate at its next monetary policy meeting in May, which would prompt lenders to reduce their mortgage rates. That said, the RBA may place even greater weight on the global instability caused by the tariff issue when deciding whether to change the cash rate.
Surveys of property investors have confirmed that although investing can be a fantastic way to build long-term wealth, investors need to be prepared to weather periods of negative cash flow, especially in the early years.
The Property Investment Professionals of Australia (PIPA) found that 65% of the investors they surveyed were negatively geared in 2024, up from 57% in 2023.
PIPA chair Nicola McDougall said the results confirmed that being a property investor involves both upsides as well as challenges.
“Interest rates remain significantly higher than they were a few years ago and while rents have risen, they are a drop in the ocean compared to higher lending costs,” she said.
If you’re a property investor, here are five tips for managing your financial position:
- Build a cash buffer to cover periods of negative cash flow
- Factor in rising interest rates when budgeting future costs
- Work with an accountant to maximise your tax deductions
- Review your loan regularly to ensure it’s still competitive
- Speak with a mortgage broker to explore refinancing or restructuring options
If you’re thinking about buying an investment property or ensuring an existing investment loan is structured correctly, I can help.
As we round out this Finance Update: April 2025, investors are reminded to prepare for changing conditions with strong cash flow management and expert advice.