What this week's rate rise will do to your HOME borrowing poweR IN Jindabyne...
Quick one today.
In short, markets are pricing in a 90% chance of a rate rise tomorrow.
2 more rate rises of 0.25% each will take roughly another 5% off your borrowing power today.
If you are looking at refinancing, and its line ball for your borrowing power, get it done sooner rather than later so you get approved now and not declined later.
Top tip - you dont have to draw on additional equity yet, but its in place. If you have a home in Jindabyne you can just leave this additional equity there to invest later.
If you have a pre approval and looking to purchase - double check with us that you can still borrow that amount before agreeing on a purchase price.
There are are just 10 weeks left before business closes down in Australia until February.
(Another top tip, if you are looking at purchasing, December can be a great month as sellers generally know the market shuts down until February and may entertain an offer they may otherwise have not. And, if you have had a drop in borrowing power, so has everyone else needing a loan).
What were your financial goals for 2026? Have you achieved them?
If not, lets chat so you aren’t in the same financial place next year, but instead somewhere better and on the path to financial independence.
email me at reggie@thunderboltlending.com.au
Comments