Rates went up again. Here's what it costs your home loan.
29 September 2026: the Reserve Bank raised the cash rate by 0.25% to 4.60%, its fourth rise this year. If your home loan is variable, your lender will tell you your new repayment. See it now with AU1: what a rate rise costs you. Source: RBA
Australia · 160 pages · by JP O'Connor
Rate Rise.
The Australian Mortgage Handbook
How to pay off your home loan faster, cut interest, use an offset account and redraw, and survive higher repayments in 2026–27.
Your repayment just went up. Here's where the money can come from.
- What one 0.25% rise costs on your loan, by the month and the week
- How to check your offset account is actually linked to your loan
- How to ask your lender for a lower rate, and when refinancing really pays
- Your right to a hardship arrangement, and the 21 days your lender has to answer
The 10 free calculators from the book
Each one matches a chapter. Put in your own numbers and get your answer straight away.
Nothing you type here leaves your phone. We don't store it and we can't see it.
- AU1Rate rise impactWhat a rise does to your repayment
- AU2Extra repaymentsYears off and interest saved
- AU3Sell the toysThe caravan, the boat, the second car
- AU4Which debt firstAvalanche against snowball
- AU5Refinance break-evenIs switching worth the cost?
- AU6Where your repayment goesInterest against the loan itself
- AU7Offset, redraw or savingsWhere spare cash does the most
- AU8The minimum repayment trapWhen rates come back down
- AU9Keep it or swap itThe car swap pitch, worked through
- AU10What a fee really costsA program fee, on the mortgage instead
Who wrote it
JP O'Connor is a Gold Coast property owner, SMSF trustee and body corporate chairperson. He is not a financial adviser, broker, accountant or lawyer, and the book never pretends otherwise. It explains how the rules work, shows the math with worked examples, and names exactly who to take it to.