Find a QPIA® adviser Join PIPA

Home › Newsroom › Press coverage

Why there’s ‘no need to panic’ as mortgage rates rise

Press coverage 5 May 2022 Summary of published coverage
Why there’s ‘no need to panic’ as mortgage rates rise

Industry figures played down the May cash rate rise, noting lenders had already stress tested borrowers against increases of up to 3 per cent. PIPA chair Nicola McDougall said the cash rate remained below its pre pandemic level, while REIA president Hayden Groves warned affordability could deteriorate sharply if wages failed to keep pace with a cash rate near 2 per cent.

Reported by

Juliet Helmke, Real Estate Business, 5 May 2022

Read the original article

PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

From the association

Our digital PIPA Adviser Magazine

The PIPA Adviser is the association’s magazine for the profession, published three times a year and sent to every member.

Tell us where to send it and you will have the current PIPA Adviser now, and the next one when it is published. Unsubscribe in one click.

Send me the current PIPA Adviser

More from the newsroom

Browse the full newsroom

Raise the standard, or find someone who already has.

Join PIPA to be held to a professional standard your clients can verify. Or tell the PIPA team what you need and be matched with an accredited adviser.

Join PIPA Find a QPIA® adviser