BROKER UPDATE FOR THIS WEEK 7/9/2026

 This weeks report from Brandon Ngadino - checkmyrate.au  0412 270 243 

Here's Your Broker Monday Market Update

 

Fixed vs Variable

Our recommendation remains opting for variable rates, with fixed currently sitting above many variable rates available in the market. With continued economic uncertainty, banks are likely to keep fixed rates priced at a premium until there is greater certainty around the direction of interest rates.

 

Refinancing on the Rise

We’ve noticed a significant shift towards refinancing, with more customers exploring what options are available and whether their current lender remains competitive. Banks are also becoming increasingly aggressive with pricing and discounts as they compete to retain and attract customers.

 

Interesting Fact 💡

A $10,000 credit card limit can reduce your borrowing capacity by roughly $45,000–$50,000, even if you pay the balance off in full every month. It’s the credit limit, not the outstanding balance that lenders generally assess when calculating your borrowing capacity.

 

 

Competitve Rates Snapshot Based on $750k loan, 70% LVR.
Owner Occupied (P&I)	Investment (P&I)	Investment (Interest Only)
≈ 5.95%	≈ 6.19%	≈ 6.39%

Before you go shopping for a home/investment you are best to get pre-approved for your finance then there is no mistake on how much you can borrow.  Also, you won't be going to home opens that are way above your budget.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!