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
Nearly 40% of property owners face mortgage rate resets in the next six months. While the Reserve Bank recently kept the OCR on hold, future increases are strongly expected, signalling an end to the era of falling rates.
Borrowers are now adjusting to higher mortgage costs. Many are shifting away from short-term fixes and locking in longer two-year rates for more stability, a switch that is already triggering rate rises. A massive, sudden spike in rates remains unlikely for now.
A split decision at headquarters
What this means for your back pocket
The six-month countdown
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