RBA delivers hit to mortgage holders

RBA Delivers Hit to Mortgage Holders

Mark Stevenson, Managing Director of Evolve Lending and Finance, was quoted in Parra News in March 2026 following the Reserve Bank’s decision to raise the cash rate by 0.25 per cent, its second increase of the year, bringing the rate to 4.10 per cent.

Mark acknowledged the pressure the decision would place on borrowers but pointed to the factors driving it. Inflation remains above the RBA’s target range and, while it does not appear to be running away, the significant rise in fuel prices flowing from the Middle East conflict and its effect on consumers is a genuine concern for the central bank. For households already managing the cumulative impact of rate movements across 2025 and 2026, the increase adds real weight to budgets: a borrower with a one million dollar loan will see repayments climb by around $160 per month, while the holder of an average mortgage of $736,000 can expect an increase of approximately $118 per month. Measured across the year, the two 2026 increases together amount to roughly $2,805 more annually compared with what mortgage holders were paying at the start of January.

Graham Cooke from Finder described the decision as a tough blow at a time when Australian families are already feeling the pinch from a volatile global market.

If you are concerned about the impact of rising rates on your mortgage and want to understand your options, contact Evolve Lending & Finance to discuss your situation.