The RBA's cash rate hike is never a welcome change.

But before you jump to panicking or refinancing, there are a few options for you.

0.20 - Don't panic

0.38 - Speak to the bank

1.38 - Don't rush into refinancing

2.38 - Maximise your redraw and offset accounts

2.55 - Credit card strategy

3.28 - Make a considered decision about a fixed rate

4.08 - Remain calm

For any questions about purchasing property, please visit ynance.com.au or contact Mitch Woods directly on 0411 235 798 or [email protected].