All of August’s out-of-cycle home loan rate changes

Adam Smith 2 August 2017 NEWS

house and money1The RBA hasn't moved, but lenders are already starting to. It might be time to look for a better home loan deal.

Lenders seem intent on either wooing owner-occupiers with rate cuts or discouraging investors and interest-only borrowers with rate hikes. In July, we saw 17 lenders move on rates outside of any change to the official cash rate. We've already learned that some lenders are preparing to raise rates for investors in August.

We'll keep track of all the changes by lenders in the finder.com.au database. Remember, if your lender raises their rates or fails to respond to the market by lowering rates, it might be time to look for a better deal.

Major bank changes

LenderChangeLoans affectedDate effective
LenderChangeLoans affectedDate effective
WestpacDown 0.05% - 0.20%

Property Loan Premier Advantage Package - 3, 4, 5 Years Fixed Rate (owner occupier + investor), Property Loan - 3, 4, 5 Years Fixed (owner occupier + investor), Premier Advantage - 3, 4, 5 Years Fixed (owner occupier + investor)

1 Aug
WestpacUp 0.11% - 0.31%

Westpac Fixed Options Home Loan - 1,2,3,4,5 Years Fixed (owner occupier + investor), Westpac Fixed Options Home Loan Premier Advantage Package - 1,2,3,4,5 Years Fixed (owner + investor)

1 Aug

Other lenders

LenderChangeLoans affectedDate effective
eMoneyUp 0.35%PRIME Variable LVR 80% Pro Pack (owner occupier + investor, interest only)8 Aug
Freedom LendUp 0.05% - 0.35%Variable Home Loan (owner occupier + investor)1 Aug
Heritage BankUp 0.09% - 0.50%Bank Advantage Package - Living Equity (owner occupier + investor)1 Aug
HomeloansDown 0.02% - 0.10%Optima Variable (owner occupier + investor, principal and interest + interest only)21 Aug
loans.com.auUp 0.10 - 0.25%Offset Variable (Investor, P&I and IO),Essentials - Variable (investor),Essentials - Smart Loan Package P&I, Essentials - Smart Loan IO,Offset Variable - Package Offset (investor, P&I and IO)1 Aug
MoveUp 0.10% - 0.40%Wealth Builder, Standard Variable Home Loan (investor), myWealth Package Loan (investor)1 Aug
Newcastle Permanent Building SocietyDown 0.10%Premium Plus Package - new customer only (owner occupier + interest only)21 Aug
LenderChangeLoans affectedDate effective
Bank AustraliaDown 0.20%

Premium Fixed - 3 Years Fixed LVR <80% (owner occupier), Premium Home Loan Package - 3 Years Fixed LVR <80% and LVR >80% (owner occupier), Basic Fixed 3 Years Fixed (owner occupier)

18 Aug
BankSADown 0.10%

Advantage Package Home Loan - 4,5 Years Fixed (owner occupier, P&I), Fixed Rate Home Loan - 4,5 Years Fixed (owner occupier, P&I)

1 Aug
BankSAUp 0.05% - 0.25%Advantage Package Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO + investors, IO), Fixed Rate Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO +investors, IO),Fixed Rate Home Loan - 3 Years Fixed (owner occupier, P&I), Portfolio - 1,2,3,4,5 Years Fixed, Portfolio Home Loan with Advantage Package - 1,2,3,4,5 Years Fixed (investor, IO)1 Aug
BankwestUp 0.09% - 0.20%Complete Home Loan Package - 2, 3, 4, 5 Years Fixed (owner occupier)11 Aug
Bank of MelbourneDown 0.10%

Advantage Package Home Loan - 4,5 Years Fixed (owner occupier, P&I), Fixed Rate Home Loan - 4,5 Years Fixed (owner occupier, P&I)

1 Aug
Bank of MelbourneUp 0.05% - 0.25%

Advantage Package Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO + investors, IO), Fixed Rate Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO +investors, IO),Fixed Rate Home Loan - 3 Years Fixed (owner occupier, P&I), Portfolio - 1,2,3,4,5 Years Fixed, Portfolio Home Loan with Advantage Package - 1,2,3,4,5 Years Fixed (investor, IO)

1 Aug
Freedom LendDown 0.05% - 0.20%Fixed Rate Home Loan - 3, 5 Fixed Years (owner occupier)1 Aug
Freedom LendUp 0.01% - 0.35%Fixed Rate Home Loan - 1,2,3,4,5 Fixed Years (owner occupier + investor)1 Aug
HomeloansUp 0.02% - 0.10%Optima Fixed - 1, 2, 3, 4, 5 Fixed Years (owner occupier + investor, principal and interest + interest only)21 Aug
HomeloansDown 0.09% - 0.30%Optima Fixed - 1, 2, 3, 4, 5 Years Fixed (owner occupier + investor, principal and interest + interest only)21 Aug
loans.com.auUp 0.05% - 0.20%Fixed Rate Home Loan - 1, 2, 3, Fixed Years (owner occupier + investor)1 Aug
MoveUp 0.05 - 0.25%

Lockit Home Loan - 3 Years Fixed Rate (owner occupier + investor)

25 Aug
Newcastle Permanent Building SocietyDown 0.5% 0.20%Fixed Rate Home Loan - 1, 2, 3, 4, 5, 7, Fixed Years specal offer (owner occupier P&I + IO)14 Aug
Newcastle Permanent Building SocietyDown 0.10%Fixed Rate Home Loan - 1, 2, 3, 4, 5, 7, 10 Fixed Years (owner occupier + investor, principal and interest only + interest only)28 Aug
People's ChoiceUp 0.15%People's Choice Fixed Home Loan - 1,2,3,4,5 Years Fixed (owner occupier + investor), People's Choice Credit Union Home Loan Package - 1,2,3,4,5 Years Fixed (owner occupier + investor)18 Aug
St.GeorgeDown 0.10%Advantage Package Home Loan - 4,5 Years Fixed (owner occupier, P&I), Fixed Rate Home Loan - 4,5 Years Fixed (owner occupier, P&I)1 Aug
St.GeorgeUp 0.05% - 0.25%Advantage Package Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO + investors, IO), Fixed Rate Home Loan - 1,2,3,4,5 Years Fixed (owner occupier,IO +investors, IO),Fixed Rate Home Loan - 3 Years Fixed (owner occupier, P&I), Portfolio - 1,2,3,4,5 Years Fixed, Portfolio Home Loan with Advantage Package - 1,2,3,4,5 Years Fixed (investor, IO)1 Aug

Compare refinance home loans today

Rates last updated June 17th, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.34%
3.30%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees. UBank will cut its variable rates for new and existing customers on June 28, making this rate even lower.
3.44%
3.44%
$0
$0 p.a.
70%
A simple mortgage with no application or ongoing fees that has extra repayments plus split and redraw options. Requires a 30% deposit.
2.99%
4.09%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.47%
3.48%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.68%
4.11%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
3.44%
3.48%
$0
$10 monthly ($120 p.a.)
80%
Get a competitive variable rate and a 100% offset account.
3.73%
4.76%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.24%
3.88%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.49%
3.49%
$0
$10 monthly ($120 p.a.)
95%
Lock in a competitive rate for three years while you pay off your home. 100% offset account attached.
3.74%
4.31%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Extra repayments up to $30,000 over the life of the fixed period can be made.
3.65%
3.66%
$500 (if over 80% LVR)
$0 p.a.
80%
A competitive variable mortgage for home buyers. This loan has flexible repayments and an optional redraw facility.
3.79%
4.22%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.79%
3.80%
$0
$0 p.a.
70%
A competitive, discounted variable interest rate for home buyers.
3.59%
3.47%
$0
$0 p.a.
70%
Get a low fixed rate for 2 years to minimise interest costs. Requires a 30% deposit.
3.57%
3.61%
$0
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility. Approval fee waived for a limited time.
3.97%
3.99%
$0
$0 p.a.
80%
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
3.44%
3.70%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate. Cut down on interest costs with a 100% offset account.
3.89%
4.90%
$0
$0 p.a.
80%
Get a low fixed rate and pay no application or ongoing fees.
3.39%
3.92%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.54%
3.54%
$0
$0 p.a.
80%
Low fee loan with extra repayments. Pay no application and ongoing fees and take advantage of split and redraw options.
3.39%
4.41%
$300
$10 monthly ($120 p.a.)
90%
A low fixed rate loan that lets you borrow up to 90% of your property's value.
3.39%
4.12%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.54%
3.80%
$0
$248 p.a.
80%
Has a 100% offset account which helps you save on the amount of interest you pay on your mortgage.
3.79%
4.60%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.

Compare up to 4 providers

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Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2018 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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