Feature article
Nearly 40% of property owners face mortgage rate resets in the next six months
What the Reserve Bank's split decision means for your household budget.
AI summary
Nearly 40% of property owners face higher mortgage costs as their fixed rates reset within the next six months. Although the Reserve Bank recently held the OCR, future increases are strongly indicated, ending the period of falling rates.
To gain stability, many borrowers are now shifting from short-term fixes to longer two-year rates, despite the immediate cost increase. While households must adjust to higher payments, a massive and sudden spike in mortgage rates is considered unlikely for now.
A split decision at headquarters
What this means for your back pocket
The six-month countdown
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