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In what was the biggest one-off rate hike in 22 years, this month the Reserve Bank of Australia (RBA) increased the cash rate to 0.85 per cent in order to curb skyrocketing inflation.

Following the announcement, all of the big four banks passed on the rate increase in full, with some smaller lenders also following suit.

As interest rates rise, property prices in some markets are dropping, with experts warning we are likely to see falls in housing values become more widespread.

In other news, some banks have also moved to curb high-risk home lending of late, cutting debt-to-income (DTI) ratio limits.

If you’re looking to make the most of falling property prices and buy, or want to check you’re on the right rate, we can help you navigate all the changes. Speak to us today.

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