03/11/2026
Unfortunate, though expected, the RBA has lifted the cash rate by 0.25% to 4.85% at its November, Melbourne Cup day meeting.
Inflation remains stubborn, with domestic capacity constraints, government spending and a tight labour market adding to the pressure. Global uncertainties, including higher energy and oil prices linked to Middle East conflicts, aren't helping either.
Another rate rise is tough news for borrowers, and a reminder that household budgets and loan repayments need to be kept in check.
It's a very good time to review your home loan and make sure you're on a competitive rate and structure.
If you'd like to run through your options, I'm always here to help.
Call me on 0431 708 806 today.