Lending and Confidence Numbers to Show Rate Rise Impact
Home loan figures, business sentiment and a speech by the Reserve Bank’s chief economist loom, as the latest interest rate rise fallout continues. The RBA’s decision to lift the cash rate to an 18-year high on Tuesday was the latest blow to households struggling to service mortgages and shoulder the rising cost of living. And [...]
TL;DR
- The Reserve Bank of Australia (RBA) has raised its cash rate to an 18-year high.
- This rate rise is a significant blow to households facing rising living costs and mortgage repayments.
- The national housing market downturn is deepening and is projected to be the worst on record.
- New home loan commitments have decreased by 27 percent from their November 2025 peak.
- Further declines in new home loan numbers are expected based on recent trends.