May 2023 Mortgage & Property Update: Cash Rate 3.85%

May 2023 rate watch: The policy rate moved up by 0.25 percentage points to 3.85%.

A fresh increase reset expectations and pushed many active buyers to revisit target property ranges.

Broker takeaway: Scenario modeling before contract commitments prevented avoidable stress and protected execution timelines.

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