As we head towards the Reserve Bank of Australia’s next cash rate announcement on 29 September 2026, interest rates are once again firmly on the radar for homeowners, investors and prospective buyers.
The current cash rate remains at 4.35%, following three increases earlier this year and inflation continues to be an important consideration for the RBA when making decisions about monetary policy.
While there is ongoing discussion among economists and financial markets about the possibility of further rate increases, the outcome of any future RBA decision will depend on the economic data and how the outlook develops.
For homeowners, the important question isn’t just “Will interest rates rise again?” It’s also “Am I prepared if they do?”
Whether you’re currently paying off a mortgage, considering refinancing, investing in property or preparing to buy your first home, now is the perfect time to review your lending arrangements and ensure you’re still getting the right deal.
Why this matters
Even a small increase in interest rates can affect monthly repayments, particularly for borrowers with larger loan balances.
The RBA’s cash rate influences borrowing costs across the economy, including mortgage rates. While individual lenders set their own rates and pricing, changes in the cash rate can flow through to variable home loan rates.
Many borrowers secured their loans several years ago and may not have reviewed their interest rate recently. Since then, lenders may have changed their pricing, introduced new products or adjusted their discounts.
It’s also possible for existing customers to be paying a higher rate than what is currently available to new or refinancing customers. That means you don’t necessarily have to wait for the RBA’s next decision before taking action.
Read about the fixed rate market and evaluate whether fixing your home loan could be right for you.
Three things every borrower should do right now
1. Check your current interest rate
Do you know what rate you’re currently paying? It sounds simple, but many borrowers don’t regularly check the interest rate attached to their home loan.
Your mortgage may have been competitive when you first took it out, but the lending market doesn’t stand still.
2. Review your loan structure
Your circumstances may have changed since your loan was established.
Perhaps your income has increased, you’ve built up savings, your family circumstances have changed or you’re considering buying another property.
Consider whether:
- You would benefit from an offset account.
- Your fixed rate period is ending soon.
- Your debt could be structured more effectively.
- You have enough flexibility for future plans.
3. Don’t assume your bank will offer the best deal
Your existing lender may be willing to offer you a better rate but it’s worth understanding what other options are available before accepting the first offer. Having a mortgage broker compare lenders and negotiate on your behalf can help you understand whether there is a more competitive option available.
Importantly, reviewing your options doesn’t automatically mean you need to refinance. The value of a review is knowing what is available and making a decision based on your current circumstances.
Property market update
Interest rates are only one factor influencing Australia’s property market.
Despite affordability challenges and higher borrowing costs, property conditions can vary significantly between regions and property types. Housing supply, population growth, employment, buyer demand and local economic conditions can all influence market activity.
The RBA’s August 2026 Statement on Monetary Policy noted that established housing market conditions had softened and housing prices had declined over recent months, while also highlighting the effects of higher interest rates and other factors.
For property investors, this reinforces the importance of looking beyond short-term market movements and considering whether your lending strategy supports your broader investment goals.
First home buyers, don’t miss out
Higher interest rates and changing property prices can make entering the market feel increasingly challenging for first home buyers.
Some buyers may be able to enter the market with a smaller deposit than they initially expected, while others may benefit from options such as family guarantees or government schemes.
Understanding your borrowing position before you start looking at properties can help you establish a realistic budget and avoid surprises later in the process.
If you’re unsure how much you can borrow, we can help you understand:
- Deposit requirements
- Government grants and concessions
- Genuine savings requirements
- Family guarantee options
- Estimated repayments
Getting an understanding of your numbers early can also help you determine what price range may be realistic and what your repayments could look like if interest rates change.
Client reminder: Loan reviews are about options
A loan review isn’t just for people looking to refinance. It’s an opportunity to step back and consider whether your current home loan still supports your financial and property goals.
Your priorities may have changed since you first took out your mortgage and a review can help you assess whether your existing loan structure and lender are still appropriate for where you are today.
Your goals might include:
- Reducing repayments
- Paying off debt sooner
- Building wealth through property
- Purchasing your next home or investment property
Even if you ultimately decide to stay with your existing lender, understanding your options can give you greater confidence that your loan is still working for you.
We’re here to help
At Venro Finance, we believe lending should be about more than just finding the lowest interest rate. It’s about understanding your circumstances, your property plans and your longer-term financial goals, then finding a lending strategy that supports where you want to go.
If it’s been more than 12 months since you reviewed your home loan, now is a great time to have a conversation.
Contact us today for a complimentary loan review.