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/jhooolay-red 9h ago

Sorry to burst your bubble of hope, but David though being extremely logical, he is not gonna be taken seriously. Labor is not gonna give him pleasure of being right. If he really wants to he heard, he should start advocating the exact opposite.

Nobody is gonna bother risk and try another methods to control inflation other then the oldest trick in the book.

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u/Used-History-6454 8h ago

Labor doesn't have a majority in the Senate, they need to work with the others including David to get their shit through. He has more bargaining power than you think.

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u/jhooolay-red 7h ago

I sincerley hope that what you are saying works.

Otherwise, I have no hopes, neither with labor, nor with libs.