Market Update
January 2023 Mortgage & Property Update: Cash Rate 3.10%
January opened with borrowers waiting on how long restrictive settings would persist.
31/01/2023 • Chorus Finance
January 2023 rate watch: The policy rate held at 3.10% for this month.
Even without a January decision, lenders and borrowers prepared for a higher-for-longer policy environment.
Broker takeaway: Clarity came from building two-path plans: proceed now with conservative settings or prepare evidence for a better timing window.
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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