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

Posted: 2 August 2017 10:16 am 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 September 21st, 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
3.09%
3.09%
$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.
3.09%
3.05%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.19%
3.85%
$300
$10 monthly ($120 p.a.)
90%
A low fixed rate loan that lets you borrow up to 90% of your property's value.
3.23%
3.56%
$0
$299 p.a.
80%
Get a 100% offset account and a competitive, variable interest rate, plus no application fee.
3.15%
3.17%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.18%
3.19%
$0
$0 p.a.
90%
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.
3.49%
3.45%
$0
$0 p.a.
80%
A competitive variable mortgage for investors looking to refinance. Principal and interest repayments. Refinancers only.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
70%
A very low variable interest rate for home buyers with a 30% deposit. This product has a 100% offset account.
3.29%
3.73%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
3.39%
4.29%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
2.99%
3.84%
$0
$375 p.a.
90%
Get a very competitive 3 year fixed rate with low fees and only a 10% deposit. Refinance to this loan and receive a $2,000 cashback when borrowing $250,000 or more.
3.38%
3.42%
$0
$0 p.a.
80%
Get a low variable rate from a ANZ and save money with $0 application or ongoing fees. Requires a 20% deposit.
3.34%
3.34%
$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.
2.99%
3.45%
$0
$10 monthly ($120 p.a.)
90%
Buy your home and lock in a low rate for the first two years. Available with a 10% deposit. Earn Velocity Frequent Flyer Points at settlement, monthly and every three years, plus extra bonus points for a limited time.
3.24%
3.50%
$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.
3.18%
3.21%
$0
$0 p.a.
80%
This low, variable rate loan has no ongoing fees and a redraw facility. Requires a 20% deposit.
3.19%
3.23%
$0
$0 p.a.
70%
Get a low fixed rate for 2 years to minimise interest costs. Requires a 30% deposit.
3.33%
3.47%
$0
$10 monthly ($120 p.a.)
80%
This flexible, competitive variable rate mortgage comes with a redraw facility. Eligible borrowers can earn Velocity Frequent Flyer Points, plus extra bonus points for a limited time.
3.27%
3.87%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.
3.29%
3.70%
$0
$395 p.a.
80%
A low rate variable mortgage for home buyers. Comes with a 100% offset account and has no application fee.
3.15%
4.07%
$600
$0 p.a.
95%
Fix your rate for the first two years with this competitive, low-fee loan. Includes a 100% offset account. Get this loan with a 5% deposit.
3.72%
3.76%
$0
$0 p.a.
90%
Buy a home with just a 10% deposit and pay no application or ongoing fees.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
80%
A competitive variable rate for home buyers with a 20% deposit. This product has a 100% offset account.
3.33%
4.37%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
2.99%
3.63%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.59%
3.24%
$0
$0 p.a.
80%
Variable interest only mortgage for owner occupied refinancers. Refinancers only.
3.64%
3.96%
$0
$299 p.a.
80%
Investors can enjoy a 100% offset account, a redraw facility and flexible repayments.
3.44%
4.15%
$300
$10 monthly ($120 p.a.)
80%
A flexible, competitive fixed rate loan that allows for extra repayments.
3.45%
3.47%
$0
$0 p.a.
90%
Save on interest with a free 100% offset account and buy your property with just a 10% deposit.
3.69%
4.58%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.49%
4.11%
$300
$10 monthly ($120 p.a.)
80%
Special offer for new lending between $150k-$500k & under 80% LVR.
2.99%
3.45%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.34%
3.78%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.57%
3.59%
$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.
3.39%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get a low discounted rate for 2 years plus a 100% offset account. And you can get the loan with a 10% deposit.
3.42%
4.50%
$0
$0 p.a.
80%
Get a low fixed rate and pay no application or ongoing fees.
3.14%
3.65%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.15%
3.19%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.70%
3.72%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.24%
3.24%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
3.45%
3.46%
$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.
3.14%
3.49%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.89%
$0
$349 p.a.
80%
Low fee line of credit loan with package benefits.
3.29%
4.10%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.69%
3.58%
$375
$15 monthly ($180 p.a.)
80%
3.99%
4.31%
$0
$299 p.a.
80%
Get a 100% offset account, access to a redraw facility and a competitive rate tied to your LVR.
3.94%
3.93%
$0
$10 monthly ($120 p.a.)
80%
A variable rate home loan with no application fees and the opportunity to earn Velocity points.

Compare up to 4 providers

Aussie Home Loans Logo

Enter your details below to receive an obligation-free quote from an Aussie mortgage broker today

By submitting this form, you agree to the Finder Privacy and Cookies Policy and Terms of Use

Applications are subject to approval. Conditions, fees and charges apply. Please note that you need to be an Australian citizen or permanent resident to apply.

Credit services for Aussie Select products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. 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. © 2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945.

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.

By submitting this form, you agree to the finder.com.au Privacy and Cookies Policy, Terms of Use, Disclaimer & Privacy Policy and the Aussie privacy policy.

Aussie is both a lender and a mortgage broker, and offers a range of services.

  • FREE Suburb and Property Report with every appointment.
  • Access 3,000+ loans from over 20 lenders.
  • Get expert help with your loan application, including paperwork and eligibility.

Aussie Home Loans Lender Logos

The Adviser’s number 1 placed mortgage broker 5 years running (2013-2017)

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site