RBA decision 3 November 2026: cash rate target increased from 4.60% to 4.85%, effective 4 November 2026. Source checked 3 November 2026. Lenders set product rates independently; verify the product, eligibility and effective date. RBA decision
Effective: 4 Nov 2026
Data: December 2025
Illustration using cash rates, not a mortgage quote or a prediction of lender repricing
RBA targets inflation at 2-3%. When CPI exceeds this range, RBA may raise rates to 'cool' the economy.
Lenders decide whether, when and how much to change product rates. Verify lender notices and your loan terms.
Banks add 3% buffer to current rates when assessing borrowing capacity. This ensures you can handle future rate rises.
Fixed rates stay constant during the term but are usually higher. Your choice depends on rate expectations and risk tolerance.
Interest rate environment is complex. Let professionals help you find the best loan strategy.
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