Rate Watch
September 2022 Mortgage & Property Update: Cash Rate 2.35%
September marked another step higher in rates and reinforced a defensive approach to borrowing.
30/09/2022 • Chorus Finance
September 2022 rate watch: The policy rate moved up by 0.50 percentage points to 2.35%.
Higher debt-servicing costs started to impact auction confidence and forced many borrowers to reprioritize cash-flow resilience.
Broker takeaway: Restructuring existing debt and sequencing purchases can matter more than stretching to a top-of-range approval.
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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