Join me, Nathan, your trusted mortgage broker, as we delve into the 2023 financial forecast focusing on the escalating interest rates. We’re going to uncover and analyse predictions from Australia's major banks and a renowned independent macro strategist with bold predictions. This video isn't just about the numbers, though - it's about how these changing rates could affect your life, especially if you're a first-time homebuyer.
We'll look at why the major banks such as ANZ, CommBank, NAB, and Westpac are expecting a potential 25 basis point increase, the mixed signals from the RBA, and the impressive research by Kieran Davies, the chief macro strategist at Coolabah, that suggests a higher surge than anyone anticipated.
I'll also be sharing some practical tips for new buyers looking to enter the market amidst all this uncertainty. It's time to understand your options and make informed decisions about potentially fixing your loan.
Stay until the end of the video, where we discuss potential financial safety nets and tools you can use to calculate your future mortgage repayments under various scenarios.
Don't forget to like, share, and subscribe for more insights into the property and finance world. Let's navigate this financial journey together!
00:00 Interest rate outlook for the rest of 2023 00:32 What we are coving today 00:49 Big Bank Predictions 01:00 ANZ Rate Prediction 01:18 Commbank Rate Prediction 01:43 NAB Rate Prediction 02:08 Westpac Rate Prediction 02:31 RBA's inflation goal 03:17 July cash rate prediction 03:47 Expert mortgage broker views on rates in 2023 05:13 Independent macroeconomist prediction 07:07 How high RBA rates might get 07:30 Bank predictions vs macroeconomist prediction 09:00 How high will rates go? 09:40 Three practical tips that will help 09:48 Mock mortgage 12:05 Savings buffer 13:16 Fix your loan
Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
