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 [...]
The latest interest rate rise, pushing the cash rate to an 18-year high, is further impacting households already struggling with living costs and mortgage payments. This follows a significant downturn in the national housing market, which is on track to be the deepest on record. New home loan commitments have already fallen 27 percent from their peak, with further declines anticipated.
- 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.
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