Market Update
April 2023 Mortgage & Property Update: Cash Rate 3.60%
April's pause gave borrowers breathing room but did not remove repayment pressure.
30/04/2023 • Chorus Finance
April 2023 rate watch: The policy rate held at 3.60% for this month.
The market interpreted the pause as data-dependent rather than a guaranteed end to tightening.
Broker takeaway: Conservative assumptions make sense until a stable trend is clear across inflation and policy commentary.
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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