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The Reserve Bank of Australia has chosen to hold the official cash rate at 3.6 per cent in its November 2025 meeting, matching market expectations and offering a measure of stability for borrowers and the wider economy.
Leading into the decision, futures markets had been pricing a strong probability around 93 per cent of no change, with only a slim chance of a 25-basis-point reduction. The RBA’s stance followed September-quarter inflation figures that came in hotter than forecast, pushing headline CPI back above the Bank’s preferred 2–3 per cent range to 3.2 per cent.
Stability over stimulus
Financial experts say the decision reflects the RBA’s commitment to balancing inflation risks while supporting sustainable growth.
“Holding the rate steady was the logical move after recent inflation data,” explained Cullen Haynes, director of sales at Accounting Home Loans. “It helps maintain borrower confidence while giving policymakers time to assess the impact of earlier adjustments.”
Average variable mortgage rates currently sit between 4.9 and 5.6 per cent, depending on loan type and lender.
Implications for home buyers
Property prices continue to climb across most capital cities, and steady rates may further encourage activity.
“Now is a good time for potential buyers to get pre-approval in place,” Haynes said. “After several rate cuts earlier in 2025, many borrowers have regained borrowing power, which can widen options when the right property appears.”
He added that being finance-ready allows buyers to act quickly in competitive markets.
Government support adds momentum
Recent updates to the Australian Government’s 5 Per Cent Deposit Scheme formerly the Home Guarantee Scheme have expanded eligibility and price caps, letting first-home buyers purchase with a five per cent deposit and no LMI.
“This expansion could add extra heat to entry-level segments,” Haynes noted. “Accounting professionals and other niche groups also have access to tailored lending programs that make property ownership more achievable.”
Key points
RBA leaves the cash rate at 3.6 per cent in November 2025.
- Markets widely anticipated the hold following stronger inflation data.
- Borrowers benefit from a period of stability after three cuts earlier this year.
- Expanded deposit schemes and renewed confidence may lift housing demand.
Disclaimer: This article provides general information only and should not be considered financial advice. Seek professional guidance before making lending or investment decisions.