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Story summary
- Reserve Bank of Australia board will raise the cash rate to 4.6% on Tuesday.
- The hike marks the fourth increase in 2026, pushing typical home loan rates to 6.5%.
- Average $731,000 mortgage repayments will rise $119, a $480 increase since January.
- S&P data analysed by Westpac shows borrower delinquencies remain low but are climbing.
- Westpac forecasts home prices will fall 7.3% by mid-2027 after a >4% drop from peak.