These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.
With inflation under control and a moderating housing market, home buyers can expect a stable outlook with the possibility of a further rate interest rate cut.
With inflation under control combined with a slow down in housing finance, it’s reasonable to expect that the RBA Board will not be increasing interest rates in the medium term, providing a stable outlook for home buyers.
Low rates have allowed many Australians to enter the property market, however borrowers should remember that interest rates will inevitably rise and they should not overreach themselves.
