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 loans are due for a rate reset within the next six months. While the Reserve Bank recently kept the OCR on hold, future increases are expected.
Many homeowners are now shifting from short-term fixes to longer two-year rates to gain stability against further rises. This adjustment means adapting to higher costs, though a massive, sudden spike in rates currently seems unlikely.
A split decision at headquarters
What this means for your back pocket
The six-month countdown
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