04/11/2026
The RBA lifted the cash rate by 0.25% to 4.85% on Tuesday 3 November. That’s the highest level since 2008.
What happens next depends on your lender. NAB and Westpac have confirmed variable home loan rate increases from 13 November. Other lenders may announce their changes in the coming days.
We’ve put together a quick guide to what a 0.25% rise could add to repayments, plus three things worth checking on your loan now.
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Figures are illustrative: a 0.25% rise from 6.44% to 6.69% p.a., P&I over 30 years. Actual repayments vary. General information only, not personal advice.