How much interest rate cuts will save homeowners in each suburb

Exclusive modelling shows how much money homeowners can expect to save in each area from imminent rate cuts. Use the interactive to see what you’ll get

Aussies are on the brink of a financial boost after years of punishing rate hikes – with the RBA poised to slash the cash rate next week in a move that could breathe new life into battered household budgets.

The Reserve Bank will meet to discuss the cash rate on Tuesday and there is something of a consensus among major lenders and economists that a cut will be announced.

NAB said it expected a 50 basis point cut, Commonwealth Bank and Westpac expected a more modest 25 basis points, while ANZ was also anticipating a cut in the cash rate.

An additional poll of 41 economists, housing market analysts and finance experts revealed 88 per cent expected a cut this month.

Exclusive modelling by Compare the Market shows the anticipated cut would have a varying impact across suburbs.

The comparison group examined how much a new loan applicant buying at the median price in each area would likely save, revealing hundreds of dollars a month in savings were on the cards.

You can check the results of the modelling below by scrolling through the list in our interactive graphic or by typing in your suburb in the search tab.

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