Rates went up this month. Here's what it means for your mortgage.

What happened to interest rates in November 2026?

The Reserve Bank of Australia lifted the cash rate by 0.25 percentage points, to 4.85%. Lenders are passing that rise on to their variable rates.

CBA, Westpac, NAB and ANZ lift their variable rates on 13 November. Macquarie follows on 19 November. Other lenders set their own dates, and your lender usually writes to you before your repayment changes.

You can read the Reserve Bank's statement on the RBA's interest rate decisions page.

How much will my repayments go up?

For a 30-year principal and interest loan, a 0.25 percentage point rise adds roughly $16 a month for every $100,000 you owe. Here's what that looks like across common loan sizes.

Loan	Extra a month	Extra a year
$500,000	+$81	+$972
$600,000	+$97	+$1,164
$700,000	+$114	+$1,368
$800,000	+$130	+$1,560
$900,000	+$146	+$1,752
$1,000,000	+$162	+$1,944

Based on a 30-year principal and interest loan moving from 6.10% to 6.35%. Your change depends on your rate, balance and remaining term. Individual results vary.

I'm on a fixed rate. Does this affect me?

Not straight away. If your rate is fixed, your repayment usually stays the same until the fixed term ends.

When your fixed term ends, the loan usually moves to the lender's variable rate, which now includes this rise. If yours ends in the next few months, we usually recommend planning your next step before it ends.

What should I do now?

• Check your new repayment in your banking app once it changes.
• If your budget feels tight, call us early so we can go through your options.
• If your fixed rate ends in the next few months, plan what comes next.
• If you have a pre-approval from before the rise, ask us to recheck it before you bid or sign. A pre-approval is conditional, not a guarantee, and lenders can reassess it at the new rates.

Will rates go up again in December?

The next RBA decision is on 8 December. The big four banks forecast a hold, though ANZ and Westpac flag another rise as a risk. That comes from Aussie's round-up of bank forecasts.

Two reports come out before then. The October jobs figures are due on 19 November, and the monthly inflation figures on 25 November. Both can influence the RBA's decision. You can see the meeting dates on the RBA's schedule.

What's happening to Brisbane property prices?

Brisbane home values fell 2.0% in October, according to Cotality. They're still up 0.4% over the year.

For buyers, a softer market may mean more room to negotiate. It can also mean lower valuations, so we usually recommend a small buffer in your deposit. You can see the figures in Cotality's Home Value Index.

Do you review my mortgage every year?

Yes. If we look after your mortgage, we review it every year, for as long as we look after it.

If you'd like to talk your mortgage through, we're here.

Read more in our guides to what a pre-approval really covers and how our mortgage review works.

Finance is subject to individual circumstances, lender eligibility and lending criteria. All applications are subject to lender assessment and approval. Terms, conditions, fees and charges may apply. This is general information only and doesn't take your personal situation into account.