Data from Canstar indicates that 54 lenders have raised at least one fixed rate since the Reserve Bank of Australia's (RBA) last cash rate decision on December 9. Consequently, the number of lenders offering fixed rates below 5% has dwindled from 38 to just 12 over the past two months.
Canstar's data insights director, Sally Tindall, notes that fixed rates are steadily climbing into the 5% and 6% range. This trend suggests that borrowers should brace for potential rate increases in the near future. The upcoming quarterly inflation results will be pivotal in determining the RBA's course of action. If inflation remains high or continues to rise, a cash rate hike is likely.
For homeowners, especially those with multiple debts, it's crucial to assess financial strategies to manage potential increases in mortgage repayments. Exploring options like debt consolidation loans may provide a way to streamline payments and mitigate the impact of rising interest rates.
Published: Thursday 29th January, 2026
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
