In recent days, and on the back of lower inflation, hopes of a rate cut have been boosted. Here, we unpack how legal professionals of all stripes can prepare for such a decision by the Reserve Bank and how they can leverage their unique professional benefits to do so. In this episode of The Lawyers Weekly Show, host Jerome Doraisamy welcomes back Legal Home Loans director of sales Cullen Haynes to discuss why the February RBA meeting is generating so much buzz, what happened in 2024, whether we can expect rates to be cut soon, the factors influencing the RBA’s decision, and how a potential cut could affect borrowing costs and loan approvals for lawyers.

Haynes also delves into the implications for lawyers moving forward, including those who are prospective buyers and those who are already property owners, the unique advantages lawyers can access to improve their borrowing prospects, the financial stress lawyers are feeling, and the advantage of being ready to act quickly before rates are called.

If you like this episode, show your support by  rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email [email protected] for more insights!