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

Adam Smith 2 August 2017

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
Westpac Down 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
Westpac Up 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
Move Up 0.10% - 0.40% Wealth Builder, Standard Variable Home Loan (investor), myWealth Package Loan (investor) 1 Aug
Newcastle Permanent Building Society Down 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.au Up 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 October 24th, 2017
$
Loan purpose
Offset account
Loan 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
3.64%
3.66%
$0
$0 p.a.
80%
A basic home loan with a competitive rate and low fees.
3.65%
3.66%
$0
$0 p.a.
90%
Enjoy a low variable rate with no ongoing fees and borrow up to 90% of the value of the property.
3.49%
4.47%
$0
$375 p.a.
90%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.65%
4.84%
$0
$395 p.a.
90%
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
3.64%
3.66%
$0
$0 p.a.
80%
A home loan with a competitive variable rate, limited fees and plenty of flexibility.
3.74%
3.74%
$0
$0 p.a.
80%
Combine a low variable interest rate and free redraw with no application or ongoing fees.
3.69%
3.72%
$0
$0 p.a.
80%
A low rate home loan with no ongoing fees.
3.74%
3.74%
$0
$0 p.a.
80%
A basic owner-occupier home loan with a low variable rate that requires a 20% deposit.
3.73%
3.73%
$0
$0 p.a.
90%
A special limited time offer for owner occupiers. An IMB Transaction Account must be opened with this loan.
3.72%
3.74%
$0
$0 p.a.
80%
Take advantage of a 100% offset account along with no annual or application fees.
3.86%
3.87%
$0
$0 p.a.
80%
Pay no ongoing fees on a competitive variable rate home loan.
3.99%
4.02%
$600
$0 p.a.
90%
Take advantage of a 0.60% discount on your rate, a 100% offset account and no ongoing fees.
3.97%
4.02%
$445
$0 p.a.
90%
Get a competitive rate without features you may not use.
3.84%
3.84%
$0
$0 p.a.
110%
Requires a family member to act as guarantor. Discounted rate available with family pledge loans. Family pledge loans require no LMI and no deposit. NSW, Qld and ACT only.
3.64%
3.64%
$0
$0 p.a.
70%
A basic low-rate home loan that still offers some useful features.
3.77%
3.81%
$200
$0 p.a.
95%
A basic home loan with a low interest rate and a redraw facility available.
3.65%
4.10%
$500
$0 p.a.
95%
Get a discounted fixed interest rate for the first 12 months while you settle into your new loan.
3.74%
3.75%
$0
$0 p.a.
80%
A special variable rate home loan with no application or ongoing fees.
3.74%
4.15%
$0
$395 p.a.
80%
Enjoy a discount of a competitive interest rate and 100% offset account.
3.97%
3.99%
$0
$0 p.a.
90%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.96%
3.98%
$0
$0 p.a.
90%
Take advantage of a redraw facility, competitive variable rate and no application or settlement fees for a limited time.
3.74%
3.74%
$0
$0 p.a.
90%
A competitive variable rate with a redraw facility. NSW, QLD and ACT residents only.
3.97%
3.97%
$0
$0 p.a.
80%
A competitive variable rate home loan with no ongoing fees.
3.84%
4.83%
$0
$0 p.a.
95%
Get a competitive 2-year fixed rate with no application or ongoing fees.
3.72%
4.19%
$0
$0 p.a.
80%
Enjoy a variable 3 year introductory rate with the Bankwest Equaliser Home Loan.
3.64%
4.03%
$0
$395 p.a.
95%
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
4.09%
4.12%
$0
$0 p.a.
80%
Access the equity in your home with a competitive interest-only rate and no application fee.
3.99%
4.02%
$395
$0 p.a.
80%
A flexible low-rate variable home loan that lets you combine your loan with other financial products.
3.69%
4.45%
$0
$375 p.a.
90%
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW,QLD and ACT residents only.
3.83%
3.83%
$0
$0 p.a.
70%
A special low variable rate for owner occupiers with 100% offset account and no application or ongoing fees.
3.89%
3.91%
$0
$0 p.a.
80%
Package your owner-occupied loan with your investment loan and enjoy low rates for both.
3.79%
3.92%
$0
$10 monthly ($120 p.a.)
80%
A competitive variable rate home loan with flexible features. You can earn 30,000 Velocity Points for every $100k you borrow (for a limited time, subject to eligibility requirements).
4.09%
4.11%
$0
$0 p.a.
80%
A low variable rate loan with no application or ongoing fees.
4.19%
4.19%
$0
$0 p.a.
90%
100% offset account, unrestricted additional repayments and no monthly account keeping fees
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.99%
4.77%
$0
$0 p.a.
95%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
3.94%
4.88%
$0
$0 p.a.
95%
Enjoy a low interest rate and borrow up to 95% (with LMI) of your property's value.
4.33%
4.33%
$363
$0 p.a.
70%
A variable home loan with $0 annual or monthly fees.
3.78%
3.79%
$0
$0 p.a.
95%
A no frills loan with a competitive rate and a maximum LVR of 95%.
3.69%
3.69%
$0
$0 p.a.
70%
Enjoy a low variable rate with no application and ongoing fees.
4.03%
4.07%
$0
$0 p.a.
95%
Enjoy a basic home loan with a high LVR and no application or ongoing fees.
3.88%
4.47%
$0
$0 p.a.
95%
This competitive introductory rate is a limited time offer for new owner-occupiers
3.68%
3.69%
$600
$0 p.a.
90%
Get a low variable rate along with some important basic features.
3.79%
3.79%
$0
$0 p.a.
80%
Minimum loan amount for this basic home loan is $750001.
4.39%
5.42%
$300
$10 monthly ($120 p.a.)
95%
Lock in a fixed interest rate term for repayment certainty.
3.69%
4.03%
$0
$299 p.a.
80%
Enjoy a low variable rate with no application fee.
3.99%
4.99%
$0
$395 p.a.
95%
A package home loan with fee free extra repayments available during the fixed term.
3.85%
4.95%
$0
$395 p.a.
95%
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
3.88%
4.88%
$0
$395 p.a.
95%
Lock in a discounted fixed rate with a low service fee.

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