• PUBLISHED DATE: 10/10/22
  • LAST UPDATED DATE: 13/08/26
  • Marc Barlow Director, Mortgage Broker Sydney

Wary home buyers due to rising rates

There is currently a growing trend of homebuyers becoming more reluctant to borrow their maximum capacity due to rising interest rates. Buyers are more conscious of their repayments and less likely to take a bigger financial risk. Some prospective buyers, however, are still finding it necessary to borrow the maximum to enter the property market altogether.

Mortgage Broker Sydney’s principal, Michael Brown, spoke on this topic recently in the Sydney Morning Herald. Read the article here for Michael’s insights: https://www.smh.com.au/property/news/rising-rates-mean-homebuyers-can-t-go-to-the-edge-20220929-p5blz1.html

If you’re first home buyer and concerned about your borrowing capacity, get in touch with us today. Our team can review your needs and get your loan sorted.

Author: Marc Barlow

Role/Position: Director, Mortgage Broker Sydney

Marc has been a professional lender for 28 years. After beginning his career in 1990 with a UK Building Society, he moved to Australia where he held several different retail banking roles. In 1999 it became clear to him that a mortgage broker would eventually become an obvious choice for someone looking for a home loan so he took the plunge and became an independent broker. He hasn’t looked back since!

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