r/AusPropertyChat • u/Finance_With_Piyush Property Enthusiast • 3d ago

Buying & Selling Anyone else stressing about another potential RBA rate hike this November(03/11)?

With inflation still sticking around and the big banks dropping hints, it’s looking more and more likely that the Reserve Bank of Australia (RBA) might lift the cash rate again at their November meeting(03/11)

My budget is already stretched to the absolute limit with the current mortgage repayments, and another 0.25% increase is going to hurt.

  • Are you guys fixing your rates now, or just riding it out?
  • For those renting, have your landlords already started hinting at another increase?
  • What’s the consensus here, do we think they’ll actually pull the trigger, or hold off?

Would love to hear how everyone else is preparing for this.

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u/Used-History-6454 3d ago

David Pocock was very vocal about this being a terrible way to try to bring down inflation, whatever he’s planning I hope it gets taken seriously and the government pulls other levers and finally gives mortgage holders some relief, because it is bloody ridiculous.

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u/Stunning-Fill-8982 2d ago

I agree it’s a blunt instrument, but has Pocock proposed an alternative?

1

u/Doovies 1d ago

Bond Buy Backs, banking credits, forward modelling... the RBA has many levers to pull from. The only one that works overnight is bank lending, and the cash rate. Which in such volatile time we live in is likely the only one that will work.