March 2023 Mortgage & Property Update: Cash Rate 3.60%

March 2023 rate watch: The policy rate moved up by 0.25 percentage points to 3.60%.

With rates now significantly above early-2022 levels, lenders scrutinized discretionary expenses and debt conduct more closely.

Broker takeaway: Clean statements, updated accountant documents, and realistic living-cost assumptions became non-negotiable.

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