29/09/2026
๐จ RBA CASH RATE HITS 4.60%
The Reserve Bank of Australia has increased the official cash rate by 0.25 percentage points, taking it from 4.35% to 4.60%.
This is now the highest cash rate since late 2011 โ and the fourth rate increase in 2026.
What does this mean for property buyers and investors?
๐ฐ Higher borrowing costs
An $800,000 owner-occupier loan could see repayments increase by around $120 per month, once the increase is passed through by lenders.
๐ฆ Variable mortgage rates
Average variable rates are expected to move closer to 6.50%.
๐ Why has the RBA increased rates?
The RBA continues to focus on bringing underlying inflation back towards its 2โ3% target range, with inflation remaining elevated.
Key 2 Wealth, we believe property decisions should be based on data, strategy and affordability โ not headlines alone.
The market changes.
Interest rates change.
But a well-researched buying strategy remains important.
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๐ www.key2wealth.com.au
General information only. Lending, repayment and property outcomes vary depending on individual circumstances and lender policy.