In this video, we discuss the Reserve Bank of Australia's surprising decision to increase interest rates to 3.85%, shocking economists and markets. We'll cover the factors behind this decision, the most rapid tightening cycle in a generation, and the impact on households with mortgages. We'll also explore the RBA's aim to return inflation to target, the persistent concerns about services inflation, and how the Australian economy remains resilient despite higher borrowing costs. Join us as we dive into the details of this unexpected move, its implications on mortgage payments, and how borrowing power has decreased for both families and single individuals.
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.
