After reading the RBA’s announcement from their Tuesday meeting there seems to Be a high chance of a rate cut coming up this year - have seen this mentioned on here too! As a Broker I know how tight lending is with assessments rates sitting at 7.25%+. If there is a rate cut (passed on) it would seem logical to also cut assessment rates. Thoughts? Longer term, there is a lot of talk that interest rates will remain quite low for the next 10-20 years. Obviously it’s hard to predict that far into the future but do you think APRA will loosen their view of assesment rates to allow them to be droppen to say 6%? I’ve seen first hand how the 7.25% assessment rates are affecting first home buyers. Especially when those first home buyers may not ever see rates of 7.25% for their initial loan term. These assessment rates are certainly needed without a doubt but I believe 7.25% is just way too high. Would love everyone’s thoughts on it?