The Reserve Bank of Australia (RBA) delivered its February 2026 update and as always, the big question is:
What does this mean for homeowners and investors in Perth and Melbourne?
Interest rate shifts don’t just affect repayments, they influence borrowing capacity, property prices, investor sentiment and refinancing opportunities.
If You’re a Homeowner in Perth or Melbourne
Even a small rate adjustment can mean:
- Changes to your monthly repayments
- Reduced or increased borrowing power
- Opportunities to refinance and lower your rate
- Fixed vs variable loan decisions
In Perth, where price growth has remained steady, refinancing could free up equity.
In Melbourne, where property values are stabilising, strategic structuring matters more than ever.
If You’re an Investor
For investors across WA and Victoria, the February RBA update impacts:
- Rental yield performance
- Cashflow
- Serviceability calculations
- Portfolio expansion opportunities
This is where strategy matters more than emotion.
Many borrowers assume rate rises mean “wait”. In reality, structured finance often creates opportunity.
Should You Refinance Now?
February is often a smart time to review your loan because:
- Lenders adjust pricing early in the year
- Cashback offers return
- Fixed rates may shift
- Your equity position may have changed
If you haven’t reviewed your loan in 12 months, you are likely not on a competitive rate.
What We’re Seeing in Perth & Melbourne Right Now
✔ Increased refinance enquiries
✔ Investors restructuring portfolios
✔ Clients consolidating debt
✔ First-home buyers re-entering the market
The biggest risk in 2026?
Doing nothing.
If you’re in Perth or Melbourne and want clarity after the February RBA update, speak with OnePoint Wealth for a tailored strategy review.