Market Update
August 2023 Mortgage & Property Update: Cash Rate 4.10%
August remained on hold and shifted focus toward inflation and wage data.
31/08/2023 • Chorus Finance
August 2023 rate watch: The policy rate held at 4.10% for this month.
Borrowers looked for certainty, but policy signals still pointed to a careful, conditional path.
Broker takeaway: In uncertain cycles, strong documentation and lender fit consistently outperformed rate-chasing behavior.
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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