What Happens if the RBA 50bp Rate Hike?
If the RBA decides on a 50 basis point (0.50%) hike, the cash rate would move from 4.35% to 4.85%. Here's what that means for mortgage repayments.
Current cash rate
4.35%
Rate after 50bp rate hike
4.85%
+50bp
Mortgage repayment impact
Based on a 30-year principal & interest loan with 2.5% bank margin above the cash rate.
| Loan size | Current | After 50bp rate hike | Change |
|---|---|---|---|
| $300,000 | $1,966/mo | $2,067/mo | +$101/mo |
| $500,000 | $3,276/mo | $3,445/mo | +$169/mo |
| $750,000 | $4,914/mo | $5,167/mo | +$253/mo |
| $1,000,000 | $6,553/mo | $6,890/mo | +$337/mo |
Which meetings price a 50bp rate hike?
| Meeting | Probability |
|---|---|
| August 2026 | 5% |
| September 2026 | 1% |
| November 2026 | 2% |