Market Update
July 2023 Mortgage & Property Update: Cash Rate 4.10%
July held rates steady, but borrower caution remained elevated.
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Monthly lending and property updates from June 2022 onward, including RBA shifts, market activity, and borrower strategy.
Market Update
July held rates steady, but borrower caution remained elevated.
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June's increase took the market deeper into restrictive territory.
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May resumed rate rises and reminded borrowers that policy risk remained live.
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April's pause gave borrowers breathing room but did not remove repayment pressure.
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March added another increase and pushed servicing buffers further into focus.
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February saw rates move again and reinforced the need for disciplined borrowing decisions.
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January opened with borrowers waiting on how long restrictive settings would persist.
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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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