Fixed Interest Rollover [ PEAK has ARRIVED!! ]

27 Aug

Australia's largest lender CBA (The Commonwealth Bank of Australia) says the Fixed Interest Rollover PEAK has arrived..

Over the coming months to Dec'23, the CBA forecasts it's the largest percentage of Fixed Rate mortgage holders will Rollover from their honeymoon 2 & 3 year fixed rates of 1.9% to 6.5% plus and beyond, depending on whether they are an owner occupier or investor type loans.. Many borrowers that LOCKED in these sub 2% mortgage rates during the pandemic, will soon be resetting to a much higher rate.

So far it doesn't seem that there has been as much mortgage stress, as analysts predicted. Many choose to tighten their belt on spending, shop around for better refinancing rates as well as postpone bigger life decisions. Whilst others, such as landlords, who combined with the upcoming increase in Land Taxes and the cost to meet new stringent minimum standards for rental homes legislation are choosing to SELL. Only fuelling further the current shortage in rental homes for tenants.

To READ the FULL ARTICLE, simply CLICK HERE or the IMAGE below..

To also receive a complimentary RE-FINANCE assessment from Victoria's leading lending specialist Mark from Mortgage Domayne, from a panel of lenders, simply CLICK HERE or you can email Mark directly at: mark@mortgagedomayne.com.au

From myself and the team, we look forward to 'Helping You Find Home.'

This Week We Cover

Fixed Interest Rollover [ PEAK has ARRIVED!! ]
What's Coming, what's New, what's Sold
Property of the week
Auction results & clearance rates
Your suburbs sold results
Get your instant property price online
Quote/Event of the week

+ Coming + New + Sold

C+M's Coming Soon:

24 Stanley St, Glenroy: Coming Soon..
2/45 James St, Fawkner: Coming Soon..
1/90 Evell St, Glenroy: Coming Soon..
72 Tarana Ave, Glenroy: Coming Soon..
2/21 Hazel Grove, Pascoe Vale: Coming Soon..
(To book a VIP viewing, reply with your request..)

C+M's New 2 Market:

37 Josephine St, Oak Park: A Home With A View: $1.1m - $1.2m

Click here for more

C+M's Sold Results:

50 Beatty Ave St, Glenroy: SOLD @ Auction: $1,023,000

Click here for more

Property of the week

***37 Josephine Street, OAK PARK***

$1.1m - $1.2m
4 Bed | 3 Bath | 4 Car

Learn more

Auctions - 26/08/23

*preliminary results based on Sundays data from realestate.com.au

Suburbs SOLD results

Your Property Estimate

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

7th ANNIVERSARY Birthday To Us

So YES, this month marks our 7th ANNIVERSARY since we opened and we would love to do a special SHOUT OUT to all our team members that have been there for the journey and made it all possible.. As part of our HAPPY BIRTHDAY celebration month, C+M is running an EXCITING COMPETITION.. Visit us on either FACEBOOK or INSTAGRAM