{"id":786159,"date":"2026-07-26T21:48:21","date_gmt":"2026-07-26T21:48:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/786159\/"},"modified":"2026-07-26T21:48:21","modified_gmt":"2026-07-26T21:48:21","slug":"rba-august-rate-decision-staggering-amount-of-aussies-may-be-forced-to-sell-if-rba-delivers-rate-hike-next-month","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/786159\/","title":{"rendered":"RBA August rate decision: Staggering amount of Aussies may be forced to sell if RBA delivers rate hike next month"},"content":{"rendered":"

Hundreds of thousands of mortgage holders could be forced to sell their homes in a declining property market if the Reserve Bank hikes rates next month.<\/a><\/p>\n

Australian homeowners are already nearing breaking point and a potential interest rate increase in August <\/a>is likely to be the death knell for those already struggling to keep up with repayments.<\/p>\n

\"\"<\/p>\n

Hundreds of thousands of owners could be forced to put their home on the market after the RBA\u2019s meeting next month.\u00a0Peter Rae<\/p>\n

A rise in interest rates next month could force nine per cent of all property owners \u2013 up to 290,000 households \u2013 to sell up, according to research from Finder.<\/a><\/p>\n

Another eight per cent admitted it would take just two more rate hikes to force their hand.<\/p>\n

Personal finance specialist Taylor Blackburn said while most economists are forecasting a rate hold, the threat of an increase is weighing heavily on many people living paycheck-to-paycheck.<\/p>\n

\u201cWe\u2019ve seen mortgage stress go up consecutively the last three months, with the price of petrol on the rise and inflation in general, there are a lot of people struggling,\u201d Blackburn told Today.<\/p>\n

\u201cAbout 40 per cent of people have less than $1000 in their checking account and are living pay to pay.\u201d<\/p>\n

Blackburn advised struggling mortgage holders to not pull the trigger on selling too soon.<\/p>\n

He said research shows 40 per cent of Australians don\u2019t even know what their current interest rate is.<\/p>\n

\"\"<\/p>\n

A hike to interest rates in August could force up to 290,000 households to sell up.\u00a0Nine<\/p>\n

\u201cSo that means there might be a better deal,\u201d he explained.<\/p>\n

\u201cIf you feel like you might be forced to sell, contact your lender first. <\/p>\n

\u201cThere\u2019s hardship programs. You can pause your payments, you can go on interest only.\u201d<\/p>\n

While Westpac is forecasting a rate increase of 25 basis points, NAB, CBA and ANZ expect the RBA to hold again at its meeting next month.<\/p>\n

However, the RBA\u2019s decision is expected to be swayed by the upcoming inflation data<\/a>, released on Wednesday.<\/p>\n

\u201cA hold is most likely in a couple of weeks, that depends on the inflation data,\u201d Blackburn added.<\/p>\n

\u201cWe\u2019re more likely to see a hold than a cut.\u201d<\/p>\n

Headline inflation sits at 4.0 per cent, well above the RBA\u2019s 2-3 per cent target range.<\/p>\n","protected":false},"excerpt":{"rendered":"Hundreds of thousands of mortgage holders could be forced to sell their homes in a declining property market…\n","protected":false},"author":2,"featured_media":786160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-786159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/786159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=786159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/786159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/786160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=786159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=786159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=786159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}