RBA Lifts Cash Rate to 15-Year High

The Reserve Bank of Australia announced a 25-basis-point increase to the cash rate on September 29, 2026, bringing it to 4.60%. This latest adjustment is the fourth rate hike this year, pushing borrowing costs to their highest point in 15 years.

For Melbourne's western growth corridor, this rise means increased mortgage repayments for homeowners and reduced borrowing capacity for prospective buyers. This could further temper buyer demand and potentially lead to longer selling periods in the region.