Rate Watch
December 2022 Mortgage & Property Update: Cash Rate 3.10%
December closed an intense year with rates materially above where borrowers started.
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Monthly lending and property updates from June 2022 onward, including RBA shifts, market activity, and borrower strategy.
Rate Watch
December closed an intense year with rates materially above where borrowers started.
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November brought another increase and more pressure on households managing fixed-to-variable transitions.
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Rate rises continued into October, but the pace of strategy conversations improved as clients adapted.
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September marked another step higher in rates and reinforced a defensive approach to borrowing.
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By August, borrower sentiment had clearly changed from aggressive bidding to disciplined decision-making.
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July continued the rapid hiking cycle and reduced maximum borrowing power across many borrower cohorts.
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Chorus Finance launched into a market where rates were moving quickly and confidence was shifting month to month.
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May 2022 marked the first rate rise of the new cycle and shifted market sentiment from expansion to caution.
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November 2020 saw the cash rate move to 0.10%, reinforcing low-rate settings for an extended period.
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