Your city · Australia
What the latest RBA decision means in your city
Repayments on a typical home in Melbourne, before and after the most recent central bank decision. Change any assumption.
Location is guessed on our own server from a local database and never stored. How this works.
Change in the monthly repayment
+A$112 a month
RBA rise of 0.25 pt on 3 November 2026, if your lender passes it on in full.
- Home price usedA$850,000
- Loan (after deposit)A$680,000
- Monthly repayment before, at 6.45%A$4,276
- Monthly repayment after, at 6.70%A$4,388
- Fortnightly repayment, before → afterA$1,972 → A$2,024
- Total repaid over the loan, beforeA$1,539,262
- Total repaid over the loan, afterA$1,579,640
- Extra paid over the life of the loan+A$40,379
Where the defaults come from
Home price:
Rates: before = Freddie Mac PMMS for the week of October 22, 2026, the last survey before the Fed’s October 28, 2026 decision (30-yr 7.32%, 15-yr 6.68%). After = latest survey, week of October 29, 2026 (30-yr 7.24%, 15-yr 6.60%). Fixed mortgage rates follow bond markets, not only the Fed, so this is the change since the decision, not a change caused only by it. Excludes taxes, insurance and PMI.
Home price: ABS median price of established house transfers, Greater Melbourne, 2026 Q2 (preliminary).
Rates: before = the RBA’s average rate on new owner-occupier variable loans, 6.20% for August 2026 (Statistical Table F6, series FLRHOFVA), plus 0.25 pt for earlier cash rate changes that took effect after that month, assumed passed on in full (6.45%). After = that rate plus the 0.25 pt change in the cash rate target effective 4 November 2026, assuming the lender passes it on in full. Principal and interest. Fortnightly figures use 26 repayments a year with interest charged each fortnight.
Standard amortisation formula. Not a lender quote, not advice. Full method: Data & methodology.
Monthly change by city
Change in the monthly repayment on a typical home with a 20% deposit and a 30-year loan, using the same rates as above. Australian dollars.
Capital cities
All cities
Defaults above: 20% deposit, 30-year loan. Variable rate, principal and interest. Download table (CSV)
| City | Home price | Monthly before | Monthly after | Change |
|---|---|---|---|---|
| Sydney | A$1,487,600 | A$7,483 | A$7,679 | +A$196 |
| Melbourne | A$850,000 | A$4,276 | A$4,388 | +A$112 |
| Brisbane | A$1,155,000 | A$5,810 | A$5,962 | +A$152 |
| Adelaide | A$975,000 | A$4,905 | A$5,033 | +A$129 |
| Perth | A$1,010,000 | A$5,081 | A$5,214 | +A$133 |
| Hobart | A$750,000 | A$3,773 | A$3,872 | +A$99 |
| Darwin | A$752,500 | A$3,785 | A$3,885 | +A$99 |
| Canberra | A$1,030,000 | A$5,181 | A$5,317 | +A$136 |
Sources: Australian Bureau of Statistics, Residential Dwellings: medians by GCCSA (© Commonwealth of Australia, CC BY 4.0); Reserve Bank of Australia, Cash Rate Target and Statistical Table F6 (© RBA, CC BY 4.0). Approximate location: IP Geolocation by DB-IP (CC BY 4.0).