‘Not happy’: Mortgage holders feel the pressure as rates rise; economist warns of further hikes

A graphic composition created on Tuesday, December 9, 2025, shows information related to the Reserve Bank of Australia (RBA) announcement on interest rates. Source: AAP / Credits: AAP Graphics / Joanna Kordina/AAPIMAGE

On 3 February, the Reserve Bank of Australia (RBA) announced a 25-basis-point increase in the cash rate to 3.85 per cent, marking its first interest rate rise in more than two years. In this podcast, we speak with mortgage holders who say they will now need to reassess their finances, as financial experts stress that careful budget planning will be essential in the period ahead.

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Published 4 February 2026 10:42am

Updated 4 February 2026 11:34am

By Natasha Kaul

Source: SBS

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On 3 February, the Reserve Bank of Australia (RBA) announced a 25-basis-point increase in the cash rate to 3.85 per cent, marking its first interest rate rise in more than two years. In this podcast, we speak with mortgage holders who say they will now need to reassess their finances, as financial experts stress that careful budget planning will be essential in the period ahead.

[Disclaimer: This information is intended as a general guide. For advice tailored to your situation, please consult a qualified professional.]

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