The stories that caught my eye this month cover home loans, lender’s mortgage insurance and the property market: When should you buy?, FHB loans rise 12.9%, 50% of borrowers unsure about LMI, Rental growth continues.

Today, we dive into what the latest rate rises means for interest rates. I break down the impact of recent cash rate rises, using a real-life example: figuring out how much the average couple looking for a Gold Coast family home can borrow in today’s market, demonstrating how borrowing capacity is shifting.

Discover why Perth’s property market is skyrocketing, experiencing record-breaking growth that surpasses historical averages, especially in unit prices. I uncover the interplay between interstate migration, international inflows, and their differing effects on property prices versus the rental market.

Insights shared by RBA Governor Michelle Bullock during her recent Senate estimates hearing, addressing the concerning inflation figures and the potential impacts on interest rates. The latest statistics released by the ABS, and notably how CBA and ANZ are revising their perspectives, hinting at a likely quarter-point cash rate hike in November. With lenders adjusting their rates independently, the potential for an imminent rate increase is becoming clearer.

Over the years, predictions around property prices have often missed the mark. Last year, many banks and experts predicted a price drop of between 20-30% due to rising interest rates, a classic indicator of a cooling property market. Contrary to these forecasts, house prices in major Australian cities dipped by only 6.4%. So, what gives?