February 2023 Mortgage & Property Update: Cash Rate 3.35%

February 2023 rate watch: The policy rate moved up by 0.25 percentage points to 3.35%.

The RBA lifted rates, and many lenders repriced quickly. Borrowers felt the compounding impact across affordability calculations.

Broker takeaway: We leaned into staged pre-approval strategies so clients could transact without over-committing.

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