29/09/2026
🏡 RBA RAISES CASH RATE TO 4.60%
The Reserve Bank of Australia has increased the cash rate by 25 basis points to 4.60%, adding further pressure to Australian mortgage holders and the property market.
📉 At the same time, property values have been experiencing declines across several Australian markets, with Melbourne among the markets facing downward pressure. Recent Cotality data reported Melbourne dwelling values falling 1.1% in August and 4.7% over the year.
What does this mean for property owners and buyers?
🔹 Homeowners: Higher interest rates can increase mortgage repayments.
🔹 Buyers: Borrowing capacity may be affected, while changing prices may create different opportunities.
🔹 Investors: Cash flow, rental income and financing costs remain important considerations.
🔹 Sellers: Accurate pricing and understanding current local market conditions are more important than ever.
The Australian property market is changing — but every suburb and property can perform differently.
📞 Thinking of buying, selling or managing property?
Talk to ProMAX Australian Realtor for local property advice.
ProMAX Australian Realtor
📞 1300-19-3330
📧 [email protected]