21/10/2026
Interest rates have risen again in Australia, and some lenders are already passing the increase on to variable-rate home loans. AMP Bank, for example, lifted its variable home loan rates by 0.25 percentage points from 5 October 2026.
So, what could this mean for your household?
Your mortgage: Check how your repayments may change and when any new rate takes effect.
Your household budget: Review your regular expenses and allow for changes to your repayments.
Your financial priorities: Consider how your mortgage fits alongside emergency savings, super contributions, insurance and other goals.
You don't necessarily need to make big changes in response to a headline. Start by looking at how the news affects your own circumstances.
At Wisely Finance, we believe financial advice should help you see the bigger picture, understand your options and make informed decisions.
Have questions about how changing interest rates could affect your financial plans? Get in touch with us at wiselyfinance.com to start the conversation.