February 2023: the RBA signals more to come

Roughly 880,000 fixed-rate loans were due to roll off in calendar 2023 — the 'fixed-rate cliff'. Average increase per household: $1,000–$1,400 per month. Sky News asked if this would force selling. The data said no — but it would cap upside through 2023.

Stress without selling means muted volume and patient buyers get terms. The Q1 2023 acquisition window for new-build product in growth corridors was the cheapest entry point for an entire 12-month cycle.