Feeling the "Uncertainty" In the Air this Year? Here’s What You Can Control
For many, the beginning of this year has felt uncertain, understandably. The first few weeks of 2026 has been marked by continued economic pressure for many households. Interest rates have risen, the cost of living remains high, and property markets across much of the country continue to feel challenging and, in some areas, unaffordable.
While all these factors are outside our control, there are several important areas where proactive steps can make a meaningful difference.
Reviewing Your Household Budget
In times of rising interest rates and increasing living costs, maintaining a well-structured budget becomes increasingly important. Taking the time to review discretionary spending, reassess financial priorities, and ensure expenses align with long-term goals can provide greater financial resilience.
This does not require drastic measures, but rather thoughtful adjustments. Small changes made consistently can significantly improve cash flow and reduce financial stress over time.
Reviewing Your Mortgage
For those with an existing mortgage, a rate increase is a timely reminder to reassess your loan structure and pricing.
When interest rates rise:
• Monthly repayments increase
• A larger proportion of each repayment goes toward interest rather than principal
• Overall cash flow becomes tighter
Importantly, lenders do not automatically ensure that existing customers remain on their most competitive rate.
A professional loan review can determine whether your current interest rate remains competitive, whether your loan structure still aligns with your financial goals, and whether refinancing or restructuring may reduce pressure on your household budget. Even a modest reduction in your rate can translate into meaningful savings over the life of your loan.
Preparing Early if You Are Considering Buying Property
For those considering entering the property market, preparation is even more critical — particularly in an environment where lending criteria and affordability metrics continue to evolve.
Seeking advice early provides clarity around borrowing capacity, deposit requirements, upfront costs, and lender policy considerations. This knowledge allows you to make informed decisions and positions you to act confidently (and quickly!) when suitable opportunities arise.
A Strategic Approach Moving Forward
While economic conditions may feel challenging, by focusing on areas within your control — budgeting, loan competitiveness, and informed decision-making — you can strengthen your position regardless of how the market moves.
If you would like a comprehensive review of your current mortgage, we would be pleased to assist.
Careful adjustments made today can have a significant impact on your financial position in the years ahead.
