Interest Rate Rises: How Can Home Buyers and Owners Cope?
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As interest rates continue to soar, so do the chances of many homeowners losing their properties due to unaffordability\\u2026.
\\nBut property owners are not the only ones bearing the impact.
\\nAspiring first home buyers are also starting to lose their faith in their dream of purchasing their first house.
\\nIn today\\u2019s episode, we discuss the best approaches to coping with rising interest rates, whether you\\u2019re a homeowner or a home hunter.
\\nWe also look into how interest rate rises lead to a decrease in a buyer\\u2019s borrowing capacity, how the borrowing capacity is calculated, what the best first step is in the current market conditions, and more!
\\nIf you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you\\u2019d like to chat, email us at support@homebuyeracademy.com.au!
\\nWe\\u2019ll see you on the inside!\\xa0
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\\nEpisode Highlights:\\xa0
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- Jaz\\u2019s case study: coping with rising interest rates [04:05] \\n
- The importance of having a borrowing strategy [11:11] \\n
- Rising interest rates as a bigger enemy [16:57] \\n
- The upward pressure on prices [21:16]\\xa0 \\n
- Increasing your income as an option [25:07] \\n
- Looking for good buying opportunities [28:35] \\n
- Is waiting for prices to fall a good strategy? [31:51] \\n
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\\nIf you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!
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