September 2022 Mortgage & Property Update: Cash Rate 2.35%

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: The best wins came from restructuring existing debt and sequencing purchases rather than stretching to top-of-range approvals.

This article is general information only and does not constitute personal financial advice.