03/11/2026
Rates are up again: what it means for you 📈
Today (Melbourne Cup Day) the RBA lifted the cash rate by 0.25%, taking it to 4.85%. That’s the fifth increase this year.
Why?
Underlying inflation came in at 3.7% for the September quarter, above the RBA’s forecast and outside its 2–3% target band. Higher fuel costs are also flowing through to other prices.
What it could mean for your repayments: MFAA analysis puts the extra cost at around $119 a month on an average new owner-occupier loan of $731,000. Across this year’s five rises, that’s roughly $537 more a month.
Lenders are expected to pass the increase on over the coming weeks, so now is a good time to:
✅ Check what your new repayment will be
✅ Review your budget
✅ Find out whether your current rate is still competitive, or whether refinancing makes sense
If you’d like us to review your loan, our team is happy to help. 📞Give us a call on 0488 029 908📞