Three interest rate rises this year have changed the budgeting equation, but there are practical steps both homeowners and buyers can take.

The Reserve Bank has lifted the cash rate by a combined 0.75 percentage points in 2026, and another increase later this year can't be ruled out if inflation remains persistent.

If you already have a mortgage
Now is a good time to:

• Review your interest rate.

• Consider whether refinancing could reduce your repayments (see previous story).

• Check that your loan still suits your needs.

• Revisit your household budget.

If you're planning to buy

Higher rates don't necessarily mean putting your plans on hold.

Instead, consider:

• Getting pre-approved before you start searching.

• Building a larger financial buffer.

• Looking across a wider range of suburbs or property types.

• Stress-testing your budget against the possibility of another rate rise.

Whatever stage you're at, I can help you explore lending options and prepare for any future rate rises that might occur.