Rate Watch
August 2022 Mortgage & Property Update: Cash Rate 1.85%
By August, borrower sentiment had clearly changed from aggressive bidding to disciplined decision-making.
31/08/2022 • Chorus Finance
August 2022 rate watch: The policy rate moved up by 0.50 percentage points to 1.85%.
With rates climbing again, repayment sensitivity became the central issue in client conversations and lender credit teams tightened assumptions.
Broker takeaway: Scenarios with and without offset buffers help borrowers decide under higher-rate settings.
Source: Reserve Bank of Australia cash rate target, as at the end of the month.
This article is general information only and does not constitute personal financial advice.
About the author
Chorus Finance
Chorus Finance is a Brisbane mortgage broking practice. The founder holds an MBA in Finance and has worked in mortgage broking since 2020. The practice helps Brisbane borrowers, including first home buyers, refinancers, and people with self-employed income, understand their home-loan options.
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