The next few months will see Australian borrowers fall off the ‘fixed-rate cliff’. But how steep is the fall? Annie Kane explores the size of the issue
For the past year, there has been a term that has been evoking terror in the hearts of borrowers and brokers alike: the fixed-rate cliff. Looming large in the background for the past year, the sheer steepness of the cliff is now a reality, with the next few months seeing the largest proportion of borrowers ‘falling off’ the cliff and — seemingly — into the abyss.
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Annie Kane is the managing editor of Momentum's mortgage broking title, The Adviser.
As well as leading the editorial strategy, Annie writes news and features about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape.
She is also the host of the Elite Broker, New Broker, Mortgage & Finance Leader, Women in Finance and In Focus podcasts and The Adviser Live webcasts.
Annie regularly emcees industry events and awards, such as the Better Business Summit, the Women in Finance Summit as well as other industry events.
Prior to joining The Adviser in 2016, Annie wrote for The GuardianAustralia and had a speciality in sustainability.
She has also had her work published in several leading consumer titles, including Elle (Australia) magazine, BBC Music, BBC History and Homes & Antiques magazines.
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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