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

Adam Smith 9 August 2018 NEWS

July was the busiest month yet for out-of-cycle rate changes. What will August bring?

August's meeting officially marked two years of the Reserve Bank leaving the official cash rate on hold at 1.50%. The RBA now looks likely to leave the cash rate untouched through the rest of the year and perhaps even all of 2019, with CoreLogic's Tim Lawless speculating that a rate rise is unlikely to happen until at least January of 2020.

Lender activity doesn't look set to slow down, though. July was the year's busiest month yet for out-of-cycle rate changes. 26 lenders in Finder's database moved on rates outside the Reserve Bank.

As activity in the lending market heats up, it could be a great time to consider refinancing your home loan. We'll keep tabs on all this month's out-of-cycle rate moves in the table below, and continue to update as more lenders announce changes. Keep checking back to see if your lender has moved on rates, and if you could be getting a better deal.

Major bank changes

LenderChangeLoans affectedDate effective
ANZDown by 0.90%Simplicity PLUS Home Loan - LVR <80% Special Offer Discount (Owner Occupier, PI)August 2
LenderChangeLoans affectedDate effective
ANZDown by 0.10% - 0.26%Fixed Rate Home Loan - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO), Breakfree Package Home Loan - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO), Interest in Advance Loan (Yearly) - 2 Years With Breakfree Package + Without Breakfree PackageAugust 2

Non-major lenders

LenderChangeLoans affectedDate effective
Arab Bank of AustraliaUp by 0.10%Bridging Loan - Standard + With Interest Capitalisation, HeadStart Home Loan - Variable Rate, The Basics Home Loan - Variable, Essentials Home Loan - Variable, Revolving Line of CreditAugust 1
ClickLoansUp by 0.04% - 0.35%The Online Investor Home Loan - LVR <70% + <80%, The Online Home Loan - LVR <80% + <70% + <70% with Offset, The Online Home Loan Bad CreditAugust 1
First Option Credit UnionUp by 0.10%Premium Home Loan - $150k to $600k + $800k+ + $600k to $800k (Owner Occupier + Investor, IO), Classic Home Loan - Interest Only (Owner Occupier + Investor)August 1
Gateway Bank Up by 0.09% - 1.31%Construction Loan, Investment Construction Loan, Land Loan - Variable Rate (Owner Occupier, P&I), Standard Variable Rate Home Loan (Owner Occupier + Investor, P&I), Equitismart Line of Credit (Owner Occupier + Investor, P&I), Low Rate Essentials Variable Rate Home Loan - LVR 80% to 85% (Investor, P&I)August 10
Gateway Bank Down by 0.01% - 0.50%Investment Land Variable, Standard Variable Rate Home Loan - Investor, IOAugust 10
Greater BankUp by 0.09%Great Rate Home Loan - Discounted Variable ($150K+ Owner Occupier + Investor) P&I + IO New Loans only, Great Rate Home Loan - Variable (Owner Occupier + Investment, P&I + IO), Ultimate Home Loan - Discounted Variable ($150K+ Owner Occupier + Investor) P&I New Loans only, Ultimate Home Loan - Variable (Owner Occupier + Investment, P&I + IO)August 15
HSBCUp by 0.02% - 0.98%Home Equity Loan - (Owner Occupier + Investor, IO), Home Value Loan - Variable Rate (Owner Occupier + Investment, P&I + IO), Variable Home Loan - (Owner Occupier + Investment, P&I + IO), Home Smart Loan - (Owner Occupier + Investment), Premier Home Loan - Variable (Owner Occupier + Investment, P&I), Premier Home Equity Loan - Variable (Owner Occupier + Investment, Interest Only), Premier Home Smart Loan - Variable (Owner Occupier + Investment), Premier Variable Home Loan - (Investor, IO), Premier Market Linked Home Loan - Investors (HKD + USD)August 6
IMBDown by 0.23%Accelerator Home Loan - LVR <=95% $300k+ (Owner Occupier)August 17
Mortgage HouseUp by 0.03%Advantage Variable Home Loan - LVR 80 Special (Investor, P&I)August 1
Newcastle Permanent Building SocietyUp by 0.08% - 0.12%Premium Plus Package Home Loan - Tier 1: below $500k + Tier 2: Over $500k + Tier 3: Over $750k + Tier 4: Over $900k + Tier 1, 2, 3, 4 combined loan balances below $500,000 (Owner Occupier + Investor, P&I + IO), Real Deal Home Loan - (Owner Occupier + Investor, P&I + IO), Real Equity Home Loan - Real Equity Credit Facility, Real Options Home Loan - (Owner Occupier, P&I + IO), Premium Variable Rate Home Loan - (Owner Occupier + Investor, P&I + IO), Premium Plus Package Home Loan - New Customer Offer ($150k+ Owner Occupier, P&I + IO) Discount 1 + Special Offer ($150,000+ Investor, P&I + IO)August 1
People's Choice Credit UnionUp by 0.10%Basic Variable - (Investor, IO)August 1
QBANKUp by 0.35%Classic Plus Package - $100k to $249k + $250k+ (Investor)August 8
Reduce Home LoansUp by 0.10%Investor Rate Buster Variable 100% Offset - LVR up to 80%August 1
Reduce Home LoansDown by 0.05%Cash Back Rate Buster Escape Home LoanAugust 1
LenderChangeLoans affectedDate effective]
Bank of MelbourneUp by 0.05% - 0.20%Fixed Rate Home Loan - 2, 3 Years Fixed Promotional, new loans only (Owner Occupier + Investment, P&I), Advantage Package Home Loan - 2,3 Years Fixed Promotional, new loans only (Owner Occupier + Investment, P&I + IO)August 14
Bank of MelbourneDown by 0.04%Fixed Rate Home Loan - 2 Years Fixed Promotional, new loans only (Investor, IO), Advantage Package Home Loan - 3 Years Fixed Promotional, new loans only (Owner Occupier, P&I)August 14
BankSAUp by 0.04% - 0.20%Fixed Rate Home Loan - 2, 3 Years Fixed Promotional, new loans only (Owner Occupier + Investment, P&I), Advantage Package Home Loan - 2, 3 Years Fixed Promotional, new loans only (Owner Occupier + Investment, P&I + IO)August 14
BankSADown by 0.04%Fixed Rate Home Loan - 2 Years Fixed Promotional, new loans only (Investor, IO), Advantage Package Home Loan - 3 Years Fixed Promotional, new loans only (Owner Occupier, P&I)August 14
People's Choice Credit UnionDown by 0.05% - 0.35%Investment Fixed - 1, 2, 3, 4, 5 Years P&I + IO, Home Loan Package -1, 2, 3, 4, 5 Years Fixed Package (Investor, P&I + IO)August 9

Compare refinance home loans today

Rates last updated August 20th, 2018
$
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
3.59%
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.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2 million from a convenient online lender.
3.64%
3.65%
$0
$0 p.a.
80%
Low interest rate and limited fees. Add a 100% offset account for $10 a month.
3.49%
4.57%
$0
$395 p.a.
90%
Loans over $150k get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.
3.69%
4.11%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Earn Velocity Frequent Flyer Points with this mortgage to spend on flights and more (subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.
3.70%
3.70%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
Earn thousands of Velocity Frequent Flyer Points on your mortgage (subject to eligibility requirements). Plus, access a 100% offset account to save on interest.
3.64%
3.79%
$0
$10 monthly ($120 p.a.)
70%
Low rate, low fee loan for owner-occupiers. You will need a 30% deposit to get this mortgage.
3.88%
4.40%
$0
$395 p.a.
90%
Lock in a very competitive 2 year rate and get package discounts on your credit card and offset account.
3.72%
4.10%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.69%
3.70%
$0
$0 p.a.
90%
Package your loan and get an interest rate discount and help from an HSBC relationship manager. Low fees help you save even more.
3.84%
3.84%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.65%
3.66%
$0
$0 p.a.
80%
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 30 September.
3.98%
4.41%
$0
$395 p.a.
90%
Take advantage of a low 3 year fixed rate, 40% offset account and no application fee.
3.75%
3.75%
$0
$0 p.a.
70%
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.54%
3.59%
$0
$0 p.a.
80%
Get a competitive rate, save on fees and access a 100% offset account plus redraw facility.
3.64%
3.64%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.68%
3.70%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.62%
3.62%
$0
$0 p.a.
95%
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
3.65%
3.66%
$0
$0 p.a.
90%
Competitive interest rate and low fees. Available with a 10% deposit. Partial offset account attached (offset up to $15,000).
3.75%
4.00%
$0
$248 p.a.
70%
Borrowers with a 30% deposit can get this competitive rate.
3.64%
3.64%
$0
$0 p.a.
70%
A basic variable home loan that offers a competitive interest rate with no application fees and no ongoing fees.
3.70%
4.13%
$0
$395 p.a.
90%
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
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.
3.79%
3.79%
$0
$0 p.a.
80%
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.67%
3.69%
$600
$0 p.a.
80%
A great interest rate home loan offer with unlimited redraw and unlimited extra payments.
3.85%
3.85%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan. Split and redraw facilities included.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.64%
3.69%
$600
$0 p.a.
80%
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.72%
4.11%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.71%
3.71%
$0
$0 p.a.
70%
A variable rate home loan that has a lot of flexible features. This loan has a 100% offset account.
3.74%
3.80%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
4.13%
4.14%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.89%
3.94%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.77%
3.79%
$600
$0 p.a.
90%
Buy your home with just a 10% deposit, few fees and a reasonable interest rate.
3.93%
3.94%
$0
$0 p.a.
80%
A low-fee line of credit loan from an online lender. Unlock the equity in your home and make interest-only repayments with a competitive rate.
3.64%
3.79%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.69%
4.54%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150k receive a discounted rate. NSW, QLD and ACT residents only.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
4.09%
4.11%
$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.
3.89%
4.94%
$595
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
4.24%
4.27%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.68%
3.69%
$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.

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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. 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. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

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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