The Reserve Bank of Australia has increased the official cash rate by 0.25 percentage points to 4.85%. If lenders pass on the increase, borrowers with variable-rate loans could face higher repayments.

Higher borrowing costs can also limit what buyers can afford, potentially affecting offers and the time properties take to sell.

If a sale is already part of your plans, it’s worth understanding what you could achieve in today’s market.

MORE TIME TO PREPARE. LESS PRESSURE TO DECIDE.

Your equity the difference between your property’s value and what you owe helps fund your next move. If property values soften, that equity could reduce, leaving you with fewer options.

A rate rise doesn’t automatically mean prices will fall. But preparing early gives you time to address presentation, set a considered price and plan your next purchase before financial pressure makes those decisions more urgent.

A current appraisal is a practical first step. It gives you information, without committing you to sell.

MAKE YOUR NEXT MOVE WITH HARCOURTS APG

Thinking of selling?

Find out what buyers could pay for your property today. We’ll assess comparable sales, discuss local buyer activity and recommend a marketing approach designed to attract interest and put your property in a strong position to compete.

Reviewing your investment?

If rising costs are squeezing your returns, now is a good time to review your rental position and potential sale value. Our property management and sales teams can help you understand both options.

Ready to downsize?

A home that suited you years ago may no longer fit your needs. We can help you understand what selling could achieve and explore properties better suited to your next chapter.

START WITH AN APPRAISAL. MOVE FORWARD WITH A PLAN.

You don’t need to wait until you’re ready to list to get useful advice. Knowing where you stand now gives you time to prepare and make decisions with confidence.

Contact Harcourts APG Bunbury today to arrange your property appraisal. Let’s discuss what your home could achieve and how we can help you take the next step.

For advice about your loan or repayments, speak with your lender or mortgage broker.

We make it possible.