The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 3.60% at today’s meeting.
By keeping the rate steady, the RBA is taking a “wait and see” approach. They want to watch how the economy behaves before deciding whether to raise or cut rates in 2026.
The latest data shows:
- Overall price increases (inflation) are sitting at 3.8%, which is above the RBA’s target of 2–3%.
- Core inflation (a measure that removes big one-off price changes to show the underlying trend) is 3.3%, so everyday costs are still climbing steadily.
What Does This Mean for You?
- Homeowners: Your repayments stay the same for now. It’s a good time to review your loan and see if refinancing could save you money.
- Buyers: Stability is helpful. While rates aren’t dropping yet, planning ahead now means you’ll be ready when the market shifts.
- Investors: Demand is strong, supply is tight, and Perth is leading the pack for growth.
Perth Property Snapshot
- Property prices in Perth climbed 2.4% in November, outperforming Sydney (0.5%) and Melbourne (0.3%).
- Suburb spotlight: Mandogalup led growth, jumping 33% to a median of $944,609.
- Listings are 18% below the five-year average, while new builds lag behind household demand—supporting strong price growth.
- Experts predict 12–16% growth for Perth in 2026, which could push the median price over $1 million.
Today’s decision underscores the importance of staying informed about economic developments and considering what they may mean for your financial position.
Whether you’re weighing up a home purchase, refinancing to improve your loan terms, or exploring an investment property, this could be the right moment to reassess your plans.
If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.
