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

Posted: 2 August 2017 10:16 am
News
house and money1

The 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

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