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Fifth rate rise adds $107 a month to typical mortgage

SBS News Australia •
November 03, 2026 • 07:31 AM
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The RBA lifts rates to an 18-year high of 4.85%, adding more pressure to mortgage holders. But could this be the last rise?

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The Reserve Bank has lifted interest rates for the fifth time this year, adding more than $530 to monthly repayments on a typical $700,000 mortgage since February. But is the RBA now finished raising rates, and what does its decision mean for house prices and the economy? SBS Finance Editor Ricardo Gonçalves speaks with HSBC Chief Economist Paul Bloxham, UBS Wealth Management’s Mike Jenneke and Canstar’s Sally Tindall about the outlook for borrowers, savers and investors.

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money , and follow the show on the SBS Audio app , Apple Podcasts , Spotify or wherever you get your podcasts.

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Same Story from Other Publications

Compare how 1 other independent news outlet reported on this story.

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RealEstate.com.au News
1w ago
Relentless consumer spending risks triggering more RBA rate hikes for struggling mortgage holders - realestate.com.au

Relentless consumer spending risks triggering more RBA rate hikes for struggling mortgage holders - realestate.com.au

Australians are spending billions on sales events and gambling while pleading poverty over rate hikes, leaving the RBA with little reason to pause.

#rba #mortgage
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