It’s the questions on everybody’s mind – What will the property market look like post-COVID? The short answer is woeful for the short-term. However, long term analysis points to an eventual recovery, unfortunately it’s almost impossible to put a finger on the ‘when’.

As the Australian economy gets back to normal on the back of the COVID-19 enforced shutdowns easing, borrowers are sitting in an enviable position. If you’ve already got a home loan, then you should consider refinancing, to take advantage of the revised low cash rate and to make sure you’re getting the very best deal you possibly can.

With mortgage rates at their lowest since the days of black and white TV, this might be the right time to make a serious dent in your home loan.

The Reserve Bank of Australia (RBA) took the cash rate to a record low of 1% in July, bringing mortgage rates to their lowest level in more than half a century. However, the low cash rate also means your money in the bank could be earning less interest.