25/10/2026
The RBA lifted the cash rate from 4.35% to 4.60% on 29 September 2026, marking its fourth increase this year and bringing rates to their highest level since 2011.
Why the increase? Underlying inflation has remained around 3.6%, above the RBA’s target range. Higher oil prices linked to conflict in the Middle East and stronger-than-expected consumer spending have added to inflationary pressures.
💰 What could this mean for your mortgage? On a $300,000 loan, the latest increase could add approximately $48.86 per month once fully passed on by your lender.
Looking ahead to the next decision on 3 November, Australia’s major banks have differing views. ANZ and Westpac expect another hike, while CBA and NAB anticipate rates could hold. Markets are currently leaning towards a pause.
📅 Next RBA decision: Tuesday, 3 November 2026
If rising repayments are putting pressure on your budget, you’re not alone. We’re here to help you understand your options and what the latest changes could mean for your home loan.
📩 Send us a message to start the conversation.
General information only. Not financial advice.