Exploring the Latest Australian Finance Market Trends in 2023

The real estate and mortgage market in Australia is constantly evolving, and staying up-to-date on the latest trends is crucial for anyone looking to buy a home or refinance their mortgage. In this blog, we explore the most recent developments in the Australian real estate and mortgage market and what they mean for interest rates and mortgage affordability.

One of the most significant trends in the market is the rise in interest rates, which have been increasing in response to a changing economy. This trend is expected to continue in the near future, making it more important for borrowers to consider their mortgage options carefully and factor in the impact of higher interest rates on their monthly payments.

Another trend affecting the market is the increasing demand for affordable housing, particularly in major cities. In response to this, the government has introduced a new shared equity scheme,
which provides eligible first-home buyers with a guarantee that allows them to purchase a home with a smaller deposit. This scheme is expected to have a positive impact on the market, making it easier for many first-time buyers to get a foot in the door.

It's also important to keep an eye on government regulations, such as changes to the First Home Loan Deposit Scheme, which can have a significant impact on the market and the availability
of affordable housing.

At Thrive Lending, we stay up-to-date on the latest trends in the real estate and mortgage market, and are here to help you navigate the home buying process. Our team of expert mortgage brokers will work with you to find the best mortgage solution for your individual needs, taking into consideration the latest market trends and your unique financial situation.

Contact us today to learn more.