To float or fix long (or short)?

Deciding between floating or fixed mortgages is increasingly complex as the Official Cash Rate may be nearing its low point. While short-term rates were popular, recent Reserve Bank data shows a growing split, with more borrowers considering longer fixed terms for rate certainty.

First home buyers continue to be active, often using low-deposit loans. However, new Debt to Income (DTI) ratio limits are becoming a more significant challenge for some individuals when securing finance.