RBA rate rise November 2026: what the 4.85% cash rate means for home loans, buyers and sellers
What happened
On 3 November 2026, the Reserve Bank of Australia (RBA) raised the cash rate by 0.25 percentage points, from 4.60% to 4.85%. The new rate took effect on 4 November 2026. It’s the highest cash rate since late 2008, and the third rise this year.
Why did the RBA raise rates?
Inflation is still too high. Energy prices have climbed because of the conflict in the Middle East, and many everyday costs are rising. A higher interest rate makes borrowing dearer, which slows spending and helps bring prices down.
What does it mean for my home loan?
Most banks pass the rise on to variable home loans within a few weeks. As a rough example, on a $600,000 variable loan, repayments go up by about $100 a month. Fixed-rate loans don’t change until the fixed term ends. Savers may earn a little more interest.
What does it mean for property buyers and sellers in NSW?
Higher rates mean buyers can borrow a little less, so they take more time and compare more carefully. Well-priced homes still sell, and pricing and presentation matter more than ever.
Quick answers
- What is the cash rate now? 4.85%, from 4 November 2026.
- How much did it go up? 0.25 percentage points.
- When is the next RBA decision? The RBA meets about every six weeks; the next meeting is in December 2026.
- Will my repayments go up? If you have a variable loan, most likely yes. Check with your lender for your exact new amount.
Sources: RBA media release, 3 November 2026; RBA cash rate table.