Rate Rise Impact Calculator
The RBA might raise rates again. See exactly how much extra you'd pay per month on your mortgage if rates go up by 0.25%, 0.5%, 1%, or more.
A broker can compare fixed vs variable across 30+ lenders and lock in a better deal before the next move.
What this means
The Reserve Bank of Australia (RBA) sets the cash rate, which influences what banks charge for home loans. When the RBA raises rates to fight inflation, your mortgage repayments go up.
Recent history: The RBA raised rates 13 times between May 2022 and November 2023 (from 0.1% to 4.35%). That added hundreds of dollars per month to the average mortgage.
What to do: Stress-test your budget, compare rates, and consider refinancing if your current loan is no longer competitive. Fixing can suit some borrowers, but it is not automatically the best move.
Read: What Happens to Your Mortgage If the RBA Raises Rates by 1%? — worked examples, budgeting tips, and what to do before your lender passes on the next move.
Read the rate rise guide →