RBA Raises Rates to 4.85% as Australia's Housing Slump Deepens
Australia's fifth interest rate increase this year takes borrowing costs to an 18-year high, adding pressure on mortgage borrowers as house prices fall and inflation remains above target.
Read the full story → · Latest coverage 3 Nov 2026, 5:13 am UTC
Key moments · 5
Westpac profit misses expectations as CEO warns of uncertainty
Bloomberg ↗Westpac forecasts an 11% fall in house prices
Sydney Morning Herald ↗Australia's housing slump deepens ahead of expected rate increase
WSJ ↗Expected rise to highest rates since 2008 sparks recession fears
Sydney Morning Herald ↗RBA raises interest rates for fifth time this year
Sydney Morning Herald ↗


