Your Property Guide

RBA Cash Rate History & Property Market Impact

Track every Reserve Bank of Australia cash rate decision and understand how interest rate changes flow through to Australian property prices.

Current RBA Cash Rate

4.60%

As of 29 Sept 2026, Hike

Raised to 4.60% on 29 September 2026, the fourth rise this year, after holds in June and August

Read our full analysis of the June 2026 decision

Rate Decision History

DateCash RateChangeDecision
29 Sept 2026Latest4.60%+0.25%Hike
11 Aug 20264.35%-Hold
16 June 20264.35%-Hold
5 May 20264.35%+0.25%Hike
17 Mar 20264.10%+0.25%Hike
3 Feb 20263.85%+0.25%Hike
9 Dec 20253.60%-Hold
4 Nov 20253.60%-Hold
30 Sept 20253.60%-Hold
12 Aug 20253.60%-0.25%Cut
8 July 20253.85%-Hold
20 May 20253.85%-0.25%Cut
1 Apr 20254.10%-Hold
18 Feb 20254.10%-0.25%Cut
10 Dec 20244.35%-Hold
5 Nov 20244.35%-Hold
24 Sept 20244.35%-Hold
6 Aug 20244.35%-Hold
18 June 20244.35%-Hold
7 May 20244.35%-Hold
Showing 20 most recent decisions. Data sourced from the Reserve Bank of Australia.

How the Cash Rate Affects Property Prices

  • When rates rise

    • Mortgage rates increase, making loans more expensive
    • Borrowing capacity falls, buyers qualify for smaller loans
    • Demand weakens as fewer buyers can afford to purchase
    • Property prices face downward pressure

  • When rates fall

    • Mortgage rates fall, reducing the cost of borrowing
    • Borrowing capacity increases, buyers qualify for larger loans
    • More buyers enter the market, increasing competition
    • Property prices typically rise in response

The transmission from the cash rate to mortgage rates is not instantaneous. Banks set their own variable and fixed rates, and some lenders pass on cuts faster than others. The full impact on property markets typically takes 6–18 months to flow through, as buyer sentiment, credit availability, and broader economic conditions all play a role.

Impact on Your Borrowing Power

A 0.25% rate change on a $600,000 loan changes monthly repayments by approximately $90/month: or around $1,080 per year. Over a full hiking cycle of 4.25% (May 2022 to November 2023), monthly repayments on a $600,000 loan increased by around $1,500/month.

Calculate your borrowing power

Remaining 2026 RBA Meeting Dates

Meeting DatesDecision Announced
2–3 November 2026Nov 3 2026
7–8 December 2026Dec 8 2026
Dates are approximate and subject to change. Always check rba.gov.au for confirmed meeting dates.

Is Your Rate Still Competitive?

Every hold or hike widens the gap between the sharpest new-customer rates and what existing borrowers pay. A broker can compare your current loan against 30+ lenders for free.

Talk to a mortgage broker about your rateOr estimate your savings first

Cash rate data sourced from the Reserve Bank of Australia. This page is for informational purposes only and does not constitute financial advice. Interest rate movements affect borrowers differently depending on their loan type, lender, and financial circumstances.