Aussie - Leena Kothare

Like many Australians, you may have heard about the looming fixed rate cliff.

The RBA predicts that around two-thirds of fixed-rate mortgages are set to expire in 2023, meaning many Australian's will face sharp increases in their repayments as their home loans switch to their revert rate.

Being prepared for your fixed rate’s expiration date is important, your local Aussie broker is here to help you come up with a plan. Let’s talk!

If your fixed rate is ending soon, it’s important to consider the all differences between a fixed rate and variable rate home loan to make an informed decision when refinancing.

I can help you determine which option best aligns with your financial goals and lifestyle. Let’s talk!

The monthly consumer price index now sits at 6.8% in the 12 months to April. This is an increase from 6.3% recorded in March. Housing inflation outpaced the CPI all groups rate, rising 8.9% in the same period.

With the RBA set to meet again on Tuesday the 6th of June, how do you predict this data will impact their decision?

Source: ABS Monthly Consumer Price Index Indicator April 2023