Seventeen per cent mortgages were real. But a percentage alone cannot tell you which generation had the harder repayment. Sam traces Australia's high-rate era, the changing mortgage market and the difference between a cash rate and a home-loan rate.
This week's connection: the RBA announced a 25-basis-point rise to 4.60% on 29 September 2026, effective 30 September. Historical explanation, not personal financial advice. The loan examples are hypothetical simple-interest comparisons, not historical averages or repayment quotes.
Sources:
RBA, current cash rate and effective dates:
https://www.rba.gov.au/statistics/cash-rate/
RBA, 29 September 2026 decision:
https://www.rba.gov.au/media-releases/2026/mr-26-27.html
RBA, Guy Debelle, The State of the Mortgage Market (2010):
https://www.rba.gov.au/speeches/2010/sp-ag-300310.html
RBA, Australian Macroeconomic Performance and Policies in the 1990s:
https://www.rba.gov.au/publications/confs/2000/gruen-stevens.html
RBA, financial deregulation and asset-price history:
https://www.rba.gov.au/publications/rdp/1992/9212/asset-price-inflation-borrowing-and-the-business-cycle.html
RBA, recession explainer:
https://www.rba.gov.au/education/resources/explainers/recession.html
ABS, 70 Years of Inflation in Australia:
https://www.abs.gov.au/statistics/research/70-years-inflation-australia
RBA, Australia's Inflation Target:
https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html
RBA, The Transmission of Monetary Policy:
https://www.rba.gov.au/education/resources/explainers/the-transmission-of-monetary-policy.html