What the RBA's latest decision means for your home loan
Rates are moving. Here's what's happening, what it means for you, and what to do next.
At Beyond Broking, we monitor every RBA decision and translate it into plain English so you know exactly where you stand. Whether you’re on a variable rate, considering fixing, or just want to know if your loan is still competitive — this page is updated after every RBA meeting.
Rate Snapshot — March 2026
4.35% p.a.
Current RBA cash rate
Rate held
RBA decision — March 2026
6.2% – 7.1%
Approximate variable rates right now
+0.25% – 0.50%
Fixed rate premium above variable
May 2026
Next RBA board meeting
Brian's take on current conditions
Inflationary pressures were already present before recent global events — driven by strong demand, tight labour markets and supply constraints. The ongoing conflict has added further pressure, particularly through rising oil prices. As oil is a key input across most global supply chains, increases in energy costs are flowing through to goods and services more broadly.
At a business level, companies are facing higher operating costs, and these pressures are increasingly being passed on to consumers. This is contributing to sustained inflation, which in turn is influencing central banks to keep interest rates higher for longer, with the potential for further short-term increases.
The Reserve Bank of Australia faces a difficult balancing act. While inflation remains a key concern, there is also a growing risk that tighter financial conditions could slow the economy more sharply than expected. If recessionary pressures begin to emerge, this could ultimately lead to interest rate cuts over the medium to long term.
Fixed rates have been a major talking point recently — however, most expected rate movements are already factored into their pricing. As a result, fixed rates are currently sitting around 0.25% to 0.50% higher than variable rates, reflecting lender expectations of future changes.
Repayments may increase
Borrowing costs are likely to remain elevated or rise further in the short term. Now is a good time to review your current rate.
Buying conditions are shifting
Demand is showing signs of easing based on recent agent feedback, which may improve conditions for buyers entering the market.
Variable rates will keep moving
If you're on a variable rate, expect further movement in line with upcoming RBA decisions. We'll keep you updated.
Fixed rates carry a premium
Fixed rates are currently priced 0.25% to 0.50% above variable rates, reflecting lender expectations of future changes.
Medium-term outlook may improve
Recession risk is elevated. If economic conditions soften, rate cuts could follow over the medium to long term.
Common questions about rates
Fixed rates are currently sitting 0.25% to 0.50% above variable rates because lenders have already priced in expected increases. Fixing now means paying a premium for certainty. Whether that's worth it depends on your individual situation — book a Health Check and we'll run the numbers for you.
A 0.25% rate increase on a $500,000 loan adds approximately $75–$80 per month to your repayments. We can calculate the exact impact for your specific loan amount — just reach out.
Potentially yes. Many lenders are offering competitive rates and cashback deals to attract new borrowers. If you haven't reviewed your loan in the last 12 months, there's a good chance we can find you a better deal.
We review all client loans at a portfolio level on an ongoing basis. If conditions change significantly, we'll reach out proactively — you don't need to chase us.
Home Loan Health Check
Is your home loan still working for you?
With rates on the move, now is a great time to make sure your loan is still competitive. A free Home Loan Health Check with Brian takes 15 minutes and could save you thousands.
Your current home loan
Your new home loan
Wow, you've already got a great deal! 👊
It looks like you won’t save money by switching to our Flex home loan - fixed, but check out our loan features as they might help you pay off your loan faster.
Loan features
- Redraw any extra repayments you’ve made at any time - there’s no minimum amount and no fees.
- Make additional repayments up to $20,000 during the fixed rate period at no extra cost.
Ready to improve your financial position?
Book a Free Refinance Review and we’ll show you exactly how much you can save, simplify or optimise.
DISCLAIMER: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.