RBA to raise cash rate to 4.6%, the highest since 2011
The Guardian · September 27, 2026Original source ↗
What happened
The Reserve Bank is expected to increase the cash rate from 4.35% to 4.6%, marking its highest level since 2011. This would be the fourth increase in 2026 and would likely lead to higher home loan interest rates and additional costs for mortgage repayments.
Why it matters
This decision could impact mortgage rates, household budgets, and the housing market.
How this story affects people
How does this story affect you if you have a mortgage?
Your monthly repayments are likely to increase by more than $100, putting additional strain on your household budget. This rise in costs could make it more challenging to manage your finances, especially if you are already facing other financial pressures.
How does this story affect you if you are looking to buy a home?
Higher cash rates will push typical home loan interest rates to around 6.5%, which could reduce your purchasing power and make it more difficult to afford a home. This may also lead to a decline in house prices, impacting your potential investment.
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