Westpac expects the Reserve Bank to raise the cash rate on 29 September 2026, then begin cutting rates in August 2027. It is a forecast, not an RBA decision.

If that path is right, borrowers could face another rise before waiting about 11 months for the first forecast cut.

Why can rises and cuts appear in the same forecast?

A central bank can raise rates when inflation is still too high, then cut later if inflation slows and the economy weakens. The two calls refer to different points in time and different conditions.

The forecast can also change. New inflation, jobs, spending and wage figures may alter what the RBA does.

A forecast rate cut does not guarantee cheaper property

Lower interest rates can improve borrowing capacity and reduce repayments for some buyers. They can also bring more buyers back into the market. If demand grows faster than the number of suitable homes for sale, competition may lift prices.

But a rate cut can also arrive because the economy is weak. Buyers still need income, confidence and lender approval. Cheaper money does not automatically create a property boom.

What happens to borrowing before August 2027?

Higher interest rates can reduce borrowing capacity and limit what buyers can offer. Lenders also set their own loan rates and rules, so the cash rate is not the only number that matters.

Before making a move, update the actual loan rate, repayment, deposit, purchase costs and the gap between the property being sold and the property being bought.

Do not let one forecast choose your sale date

A forecast can help you test a plan. It should not replace the reason for moving or the numbers for the whole move.

Use the Gold Coast sell-now-or-wait guide to compare the move, the money, the preparation and the exact reason for waiting.

Sources checked 24 September 2026

This is general information, not financial advice. Confirm borrowing and repayment decisions with a lender, broker or financial adviser.