Rate Watch
December 2022 Mortgage & Property Update: Cash Rate 3.10%
December closed an intense year with rates materially above where borrowers started.
31/12/2022 • Chorus Finance
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.
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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