I Ran the Numbers on the 5th Rate Rise. Here’s What It Really Costs.

Book a free, no-obligation chat with my team at Alcove: https://meetings.hubspot.com/hello-at... __ The RBA just raised rates again. That’s the fifth rise this year. So what does this mean for mortgage holders, first home buyers and upgraders? In this video, I’ll be going through: What the data is telling us What you can do to help manage your loan What you need to consider before making your next property decision CHAPTERS: 00:00 - Intro 00:54 - The RBA's decision 01:35 - Existing mortgage holders 03:41 - What the data shows 09:26 - First home buyers 11:39 - Upgraders 12:51 - Future outlook LET’S CONNECT: Book a chat: https://meetings.hubspot.com/hello-at... Check out our website: https://www.alcove.com.au/?utm_source... Follow me on socials! Instagram: https://www.instagram.com/chrisbates_... LinkedIn:   / christopherbates   Facebook: https://www.facebook.com/profile.php?... __ ABOUT ME: Hey, I'm Chris 👋 I'm a mortgage broker and former financial planner based in Sydney. I run Alcove, a strategic mortgage advice business I started with Ben Sum. My team and I settle hundreds of loans a year, and I was ranked the #1 Elite Broker in Australia by The Adviser in 2024 and #3 nationally out of 20,000+ brokers. I trained as a financial planner first, so when I sit down with someone, I'm thinking about where they want to be in 10 or 20 years, not just which loan has the best rate right now. That's what Alcove was built around. We wanted to bring a higher standard of advice to mortgage broking, so we deliberately hired a Strategy Team of former financial advisers, private bankers, consultants, and chartered accountants. When you work with us, you're getting a personalised lending strategy, not a rate comparison. We're anti-hype, we don't do get-rich-quick, and we're in your corner. I co-host two podcasts: The Elephant in the Room with Buyer's Agent Veronica Morgan and The Australian Property Podcast. Between those shows, guest appearances, and 1,800+ LinkedIn posts, I've been talking publicly about Australian property for over a decade. This channel is devoted to helping Australians make wiser, more successful property decisions. I share what I'm actually seeing on the ground. Video Production: https://www.socialwave.com.au/ DISCLAIMER: The information in these videos is general in nature and doesn't take into account your personal financial situation, needs, or objectives. It's not financial advice, legal advice, or investment advice, and you shouldn't treat it as such. Before making any property or financial decisions, speak with a qualified professional who understands your circumstances.