Official Rates on hold, but banks may increase your rate.
The RBA have done the sensible thing and left rates alone. We are walking a bit of a tight rope as far as the economy is concerned, so any dramatic shift may wobble the rope and cause a catastrophic fall in all markets. Housing included!
Explore Refinance To Flexible Home Loan Products
My feeling is that you may be better placed if your home loan is very flexible. I would consider an interest only option for at least part of your loan, as meeting this payment might be easier if economic doom hits and survival becomes key.