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 4.10% to 4.60%. Here's what that means for mortgage repayments.
Current cash rate
4.10%
Rate after 50bp rate hike
4.60%
+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 | $1,916/mo | $2,016/mo | +$100/mo |
| $500,000 | $3,193/mo | $3,360/mo | +$167/mo |
| $750,000 | $4,790/mo | $5,040/mo | +$250/mo |
| $1,000,000 | $6,387/mo | $6,720/mo | +$334/mo |
Which meetings price a 50bp rate hike?
| Meeting | Probability |
|---|---|
| May 2026 | 5% |
| June 2026 | 2% |
| August 2026 | 5% |
| September 2026 | 2% |
| November 2026 | 2% |