The Reserve Bank of Australia left the official cash rate at 1.50 per cent but credit conditions have tightened for investors over recent months, and owner occupiers are wary about rates as the banks move unilaterally, says Shane Garrett of the HIA.
Is 2017 the year to fix your mortgage interest rate?
If variable interest rates begin rising in the middle of 2017, as predicted by Zac Peteh, director of mortgage broker Mint Equity, it could be time to consider fixing your rate.
Mortgage holders should review their home loans after a number of lenders imposed out-of-cycle interest rate rises, says John Kolenda of mortgage broker 1300HomeLoan.
Weak inflation has sent interest rates to historic lows, but new housing supply and APRA's steps to rein in property investment will contain property prices.
The Reseve Bank's decision to cut rates to historic lows has been met with broad approval by the property sector, but low stock levels in some markets could cause prices to continue rising strongly.
