11/08/2026
RBA UPDATE | Effective August 12, 2026
The Reserve Bank of Australia (RBA) has held the cash rate at 4.35%, for a second consecutive time in 2026, a unanimous decision widely anticipated by economists and financial markets. However, the RBA has warned an increase again if needed.
Mortgage & Finance Association of Australia (MFAA) CEO Anja Pannek comments that this decision delivers a sense of stability and certainty for Australians when “making significant financial decisions.”
“Today’s decision provides greater stability around one important part of that picture and may give people who have been holding off on borrowing or investment decisions greater confidence to reassess their plans,” Pannek added, highlighting the importance of brokers in providing support and choices to clients.
According to Equifax’s new data, demand in Australian mortgage has continued to fall for the fourth consecutive month nationally, across all age groups. Lenders and brokers are experiencing this slowdown too, with overall mortgage demand 16.4% lower year on year in July. This slight certainty opens to the possibility of an increase in mortgage market activity from borrowers with buying and refinancing.
If you’re unsure of your next steps, a mortgage broker can help you make informed decisions on your financial future.
The RBA’s next meeting is scheduled for Tuesday, September 29.
