19 March 2026
This article was written in conjunction with Simon Orbell of Smartmove Mortgage Advisors.
The conversation around interest rates has shifted quickly over the past few weeks, and it’s something many buyers and sellers are understandably watching closely.
Since early March, global events have influenced financial markets in a way that’s now flowing through to inflation and interest rate expectations here in Australia. While the headlines can feel heavy, it’s important to step back and understand what’s really happening and what it means locally.
What’s changed
A key driver behind the recent shift has been rising global energy prices. Disruptions to supply have pushed oil prices higher, which in turn is starting to feed into everyday costs such as fuel, transport and goods.
At the same time, inflation, which had been easing, has shown signs of lifting again. This has prompted the Reserve Bank of Australia to take a more cautious stance, with a recent increase to the cash rate and signals that rates may remain steady or slightly higher in the near term.
What this means for buyers and sellers
While interest rates are an important piece of the puzzle, they are only one part of the broader property story.
On the Northern Beaches, we continue to see strong underlying demand driven by lifestyle, limited housing supply and long term owner occupiers. These fundamentals remain firmly in place.
For buyers, this environment is encouraging a more considered approach. People are taking the time to understand their borrowing capacity and making confident, informed decisions rather than reactive ones.
For sellers, well presented homes that are priced in line with the market are still attracting solid interest, particularly when they offer the lifestyle that so many buyers are seeking in this area.
A shift in sentiment, not a stop in the market
It’s also worth noting that small movements in interest rates tend to have more of a psychological impact than a dramatic effect on actual repayments.
What we’re seeing is not a slowdown in activity, but a shift in mindset. Buyers are adjusting, recalibrating and continuing to transact, particularly when the right opportunity presents itself.
Importantly, much of the current pressure is being driven by global factors rather than local economic weakness. As these conditions stabilise, the outlook can change just as quickly.
The Cunninghams perspective
At a local level, the Northern Beaches market remains resilient.
We are still seeing consistent enquiry, engaged buyers at open homes and strong competition for well positioned properties. Lifestyle continues to be a key driver, and for many, the decision to buy or sell is based on long term plans rather than short term rate movements.
As always, the key is understanding your position, having a clear strategy and working with a team who can guide you through changing conditions with confidence.
Final thoughts
The pace of change in recent weeks has been noticeable, but it’s important to keep it in perspective.
Markets evolve, buyers adapt and opportunities continue to present themselves.
If you’re considering your next move, now is the time to stay informed, seek the right advice and focus on what matters most for your long term goals.
Simon and the team at Smartmove have access to a large number of lenders and we will take the time to guide you through the range of options. Get in touch here.
To talk real estate, get in contact with your local Cunninghams agent here.
