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The RBA increased the cash rate target by 0.25 percentage points to 4.85% on 3 November 2026, effective 4 November. The Board voted 6-3 for the increase and said inflation had become broadly based. Mortgage repayment examples are scenarios, not lender quotes.
The cash rate target is 4.85%, effective 4 November 2026.
About $99 a month on a 30-year P&I scenario moving from 6.44% to 6.69%, if the lender passes through the full increase. Your actual result may differ.
The RBA decision does not force identical lender changes. Each lender sets its own rate, amount and effective date.
The next scheduled monetary policy decision is 8 December 2026.
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