Rate Watch
July 2022 Mortgage & Property Update: Cash Rate 1.35%
July continued the rapid hiking cycle and reduced maximum borrowing power across many borrower cohorts.
31/07/2022 • Chorus Finance
July 2022 rate watch: The policy rate moved up by 0.50 percentage points to 1.35%.
Another step up in the cash rate changed serviceability outcomes meaningfully for first-home buyers and upgraders.
Broker takeaway: We shifted strategy toward realistic purchase ranges, cleaner documentation, and lender policy fit rather than headline advertised rates.
This article is general information only and does not constitute personal financial advice.