06/11/2026
RBA increases rates as buyers and sellers take more time
The RBA has increased the cash rate by 25 basis points to 4.85%, placing further pressure on household budgets and giving buyers more to consider when deciding what they can afford.
The housing market has softened, with some buyers and sellers taking more time or putting their plans on hold. Cotality reported national dwelling values fell 1.2% in October, while estimated sales over the past three months were 23% lower than a year ago.
There are still opportunities for people ready to move. Buyers have more choice and time to negotiate, while sellers can continue to achieve a sale by presenting their property well and pricing it for the current market.
