What the Upcoming RBA Meeting Means for Your Home Loan

If you have been following the news this week, you would know the next Reserve Bank of Australia meeting just around the corner, we have had a big increase in calls from people feeling unsure about what comes next.

Many homeowners are asking the same questions:

Should I fix my rate now
Should I stay variable
Is my current rate still competitive
Am I missing something important

You are not alone. That’s why we just wanted to cover off on the important info for you!

Why RBA meetings cause so much noise

RBA meetings often bring a WAVE of headlines, predictions, and opinions. Some suggest rates will rise. Others say they will hold. Occasionally, you will hear talk of future cuts.

The challenge is that these headlines are general. So we urge you to fear not! As they are not written with your loan, your property, or your financial position in mind.

What really matters is not just what the RBA does next week but how your loan is structured and how well it is working for you right now.

Fixed vs Variable: Why there is no one right answer

One of the biggest questions we are hearing at the moment is whether people should fix their rate or remain on a variable loan.

Just like most things, there is no universal right choice for your own loan.

Fixing your rate can provide certainty. Your repayments stay the same for a set period, which can help with budgeting and peace of mind. However, fixed loans can come with limitations, such as reduced flexibility or break costs if your situation changes.

Variable loans move with the market. They can go up or down, but they often allow more flexibility, such as extra repayments, offset accounts, and the ability to refinance more easily.

The right option depends on things like:

• How long you plan to keep the property

• Your cash flow and comfort with repayment changes

• Whether flexibility or certainty matters more to you right now

• How competitive your current rate actually is

The Bigger Question - Where does your rate sit right now?

A lot of people are wanting to know whether their current rate still stacks up.

This is important, because many loans quietly roll onto higher rates over time. Without regular reviews, it is easy to end up paying more than you need to, even if nothing has changed on your end.

Understanding where your rate sits compared to what is available today can help you make informed decisions, whether that is staying put, adjusting your structure, or exploring other options.

What we are seeing this week:

In the lead-up to this RBA meeting, we are seeing:

• Homeowners feeling overwhelmed by conflicting information

• People unsure whether to act now or wait

• Borrowers questioning decisions they made months or years ago

• A strong desire for clarity, not pressure

And that is completely understandable. Interest rates affect real lives, not just numbers on a screen.

If you are not sure what is happening, where your rate sits, or whether you should be doing anything at all, that is exactly the right time to ask.

A simple conversation can help clarify:

• How your current loan compares

• What your options actually are

• Whether it makes sense to fix, stay variable, or split your loan

• Or whether doing nothing is the right move for now

Sometimes reassurance is just as valuable as action.

RBA meetings can feel unsettling, especially when the headlines get loud. But your mortgage decisions should always be based on your personal situation, not fear or speculation.

If you would like clarity or just want to sense-check your options, reach out. We are more than happy to help you understand where things stand and what makes sense for you.