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RBA delivers November 2025 rate call
The Reserve Bank has delivered its highly anticipated November interest rate decision. Accounting Home Loans breaks down what the rate call will mean for prospective home buyers.
On Tuesday (4 November), the RBA held the cash rate steady at 3.6 per cent, aligning with market and economist expectations.
"The recent data on inflation suggest that some inflationary pressure may remain in the economy. With private demand recovering and labour market conditions still appearing a little tight, the Board decided that it was appropriate to maintain the cash rate at its current level at this meeting," the RBA said in its November Statement on Monetary Policy.
As of Monday (3 November), markets priced in a 93 per cent chance of a hold and a 7 per cent chance of a 25-basis-point cut.
Expectations for a November rate cut plummeted in late October off the back of hotter-than-expected September quarter inflation data, which saw headline CPI back outside the RBA’s 2–3 per cent target band at 3.2 per cent.
“Today’s decision to hold the cash rate was expected given recent inflation data, however, will provide continued stability for borrowers,” Cullen Haynes, director of sales at Accounting Home Loans, said.
“The current average interest rate range is approximately 4.9 per cent to 5.6 per cent.
“Property prices are increasing nationwide, so if you’re considering purchasing a property, now is a good time to get your pre-approval in place. With three cash rate cuts in 2025, your borrowing power has likely improved, potentially expanding your options in the market.
"Having pre-approval ready ensures you can move quickly when you find the right property.
“The recently expanded Australian Government 5% Deposit Scheme (formerly the Home Guarantee Scheme) could add more heat to the market. The program allows first home buyers to purchase with just a 5% deposit and no LMI, with increased price caps and no income limits.
“Don’t forget, accounting professionals can access certain market advantages that can make entering the property market more attainable and realistic for the cohort. It’s best to speak to a specialist broker for accountants to gauge what’s best for you.”