Interest Rate Rises: How Can Home Buyers and Owners Cope?

As interest rates continue to soar, so do the chances of many
homeowners losing their properties due to unaffordability….


But property owners are not the only ones bearing the impact.


Aspiring first home buyers are also starting to lose their faith
in their dream of purchasing their first house.


In today’s episode, we discuss the best approaches to coping with
rising interest rates, whether you’re a homeowner or a home
hunter.


We also look into how interest rate rises lead to a decrease in a
buyer’s borrowing capacity, how the borrowing capacity is
calculated, what the best first step is in the current market
conditions, and more!


If you enjoy the show, do like, rate, subscribe, and share it
with others! We have loads of resources available and if you’d
like to chat, email us at support@homebuyeracademy.com.au!


We’ll see you on the inside! 


 


Episode Highlights: 
Jaz’s case study: coping with rising interest rates
[04:05] The importance of having a borrowing
strategy [11:11] Rising interest rates as a bigger
enemy [16:57] The upward pressure on prices
[21:16]  Increasing your income as an option
[25:07] Looking for good buying opportunities
[28:35] Is waiting for prices to fall a good
strategy? [31:51]

 


If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


See omnystudio.com/listener for privacy information.