Episode Details

Aussies brace for potential five rate hikes this year, pushing mortgage costs to GFC levels. Markets predict cash rate hitting 4.78% by December, impacting borrowing power and home loan affordability. Experts like PropTracks Eleanor Creagh anticipate a 4.35% rate by Tuesday and another 40 basis points by year-end. This could reduce borrowing capacity by 10% and strain home buyers affordability and confidence. Demand is cooling due to weaker buyer interest, lower auction clearance rates, and global uncertainty. Markets are shifting towards slower growth and potential price drops, so stay informed for your next move.

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