Feature article
Nearly 40% of property owners face mortgage rate resets in the next six months
What the Reserve Bank's split decision means for your household budget.
AI summary
The Reserve Bank's recent split decision suggests an OCR rise is still likely in July, impacting the nearly 40% of property owners facing mortgage rate resets within the next six months.
To manage rising costs, many borrowers are now shifting from shorter 6-12 month fixes to two-year rates for more stability. While a massive, sudden spike in rates seems unlikely, homeowners must now adjust to a period of higher mortgage costs after years of falls.
A split decision at headquarters
What this means for your back pocket
The six-month countdown
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