December 2022 Mortgage & Property Update: Cash Rate 3.10%

December 2022 rate watch: The policy rate moved up by 0.25 percentage points to 3.10%.

Many households entered 2023 needing a reset on budgeting, debt structure, and expectations for borrowing capacity.

Broker takeaway: End-of-year planning sessions focused on preserving optionality for 2023 rather than rushing year-end decisions.

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