The hold is welcomed by the 1.4m Australians currently living under mortgage stress. The decision was made after inflation showed favourable results, but further increases could be announced in the future.
If you are currently under mortgage stress, it might be time to take action into a more stable financial position.
2023: year of the downsizer
You may wish to consider downsizing & selling your home while the market is still achieving high selling prices, but don’t wait until the borrowing capacity of potential buyers becomes restrained by potential further interest rate increases…
Personal finances are stretched paper thin in 2023 and running a larger home can be expensive. From energy bills to maintenance and increased home loan repayments, those costs add up.
Downsizing will release equity in your home or even allow you to live mortgage free. This is why couples and individuals of all ages are choosing to list their larger properties for sale in 2023.
Ready to downsize?
Whether you want more time and freedom or have a plan to unlock the equity in your home for better cash flow, the best reason to downsize in 2023 is that it’s a just a great time to sell.
Despite tricky economic conditions, property in Australia is still performing very well and stock is low. If you have a family home to sell, 2023 is an excellent year to find a buyer, fast.
Downsize your home, starting from now. Contact our team of Professionals sales representatives to find out more.