Wary home buyers due to rising rates

10.10.22 | Michael Brown | News

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.