Market Update
July 2023 Mortgage & Property Update: Cash Rate 4.10%
July held rates steady, but borrower caution remained elevated.
31/07/2023 • Chorus Finance
July 2023 rate watch: The policy rate held at 4.10% for this month.
A hold reduced immediate repricing pressure, yet lenders maintained conservative serviceability standards.
Broker takeaway: Debt structure quality and cash buffers matter more than assuming faster easing ahead.
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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