All of December 2018’s out-of-cycle rate changes

Posted: 11 December 2018 11:27 am
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The Reserve Bank ended the year by holding rates. Will lenders be as charitable?

At its final meeting of 2018, the Reserve Bank left the official cash rate on hold at 1.50%. Most prognosticators have predicted 2019 will be no different, with the RBA expected to remain on the sidelines throughout next year.

While and RBA rate hold could be seen as a Christmas gift, lenders have been less generous. Last month, 19 lenders in the Finder database chose to change their interest rates.

Even if 2019 is another year of rate stability from the RBA, it's likely lenders will continue to chart their own course. We've rounded up all of December's out-of-cycle rate changes in the table below. We'll keep the table updated throughout the month as more lenders announce moves. Make sure to keep checking throughout December, and if your lender lifts rates it could be time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
AMP Down by 0.46%Professional Package Line of Credit - $250,000 to $499,999 (Investor, IO), Professional Package Variable Rate Home Loan - $250,000 to $499,999 (Investor, IO)December 10
Bank AustraliaUp by 0.02% - 0.12%Premium Home Loan Package - LVR 70% - 90% + >90% $700k+ (Owner Occupier), Basic Home Loan - Special LVR <80% (Owner Occupier)December 14
Bank AustraliaDown by 0.03% - 0.13%Premium Home Loan Package - LVR <70% + 70% - 90% + >90% $100k to $400k (Owner Occupier)December 14
Delphi BankUp by 0.10%Home Equity Line of Credit Loan, Standard Home Loan - VariableDecember 20
Horizon Credit UnionUp by 0.10%Handyloan Secured Line of Credit, Basic Home Loan (Owner Occupier + Investor), SPECIAL Value Plus Home Loan (Owner Occupier + Investor), KickStart First Home Buyer Loan (Owner Occupier + Investor), Mortgage Breaker 100% Offset loan (Owner Occupier + Investor), Platinum Loan (Owner Occupier + Investor)December 7
Macquarie BankUp by 0.01% - 0.10%Offset Flyer Home Loan Package - LVR ≤ 80% + ≤ 90% + > 90% (Up to $750,000 Owner Occupier + Investor, P&I)December 3
Macquarie BankDown by 0.05%Basic Home Loan - LVR ≤ 80% (Up to $750,000 Owner Occupier, P&I), Basic Home Loan - LVR up to 70% (Investor, P&I), Offset Home Loan Package - LVR ≤ 80% (Up to $750,000 Owner Occupier, P&I), Offset Home Loan - LVR ≤ 70% (Investor, P&I)December 3
ME BankUp by 0.05% - 0.10%ME Flexible Home Loan With Member Package - LVR <=80% $150k up to $399,999 + $400k up to $699,999 + $700K+ (Owner Occupier + Investor, P&I + IO)December 18
MyStateUp by 0.10%Special Residential Home Loan - LVR<=80% (Investor, P&I + IO), Special Residential Home Loan - LVR 80% to 90% (Investor, P&I + IO), Basic Variable Home Loan - LVR <=80% (Investor, P&I + IO), Basic Variable Home Loan - LVR 80% to 90% (Investor, P&I + IO)December 1
LenderChangeLoans affectedDate effective
Australian Military BankDown by 0.20% - 0.30%Investment Fixed Rate Home Loan - 2, 3 Years FixedDecember 17
Bank AustraliaUp by 0.05% - 0.50%Premium Home Loan Package- 1, 2, 3, 5 Years Fixed (Owner Occupier) LVR 70 - 90%, Premium Home Loan Package - 1, 2, 3 Years Fixed (Owner Occupier) LVR > 90%, Premium Home Loan Package - 2 Years Fixed LVR <70% (Owner Occupier)December 14
Bank AustraliaDown by 0.40% - 0.55%Premium Home Loan Package - 5 Years Fixed (Owner Occupier) LVR <70% + > 90%December 14
Greater BankDown by 0.05% - 0.25%Ultimate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Investor, P&I + IO), Great Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Investor, P&I + IO)December 27
Macquarie BankUp by 0.10% - 0.35%Offset Flyer Fixed Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate LVR ≤ 80% (up to $750,000 Owner Occupier + Investor, P&I + IO)December 3
Macquarie BankDown by 0.10% - 0.45%Offset Flyer Fixed Home Loan - 1, 3, 4 Years Fixed Rate LVR ≤ 80% (up to $750,000 Investor, P&I), Offset Flyer Fixed Home Loan - 1 Year Fixed Rate LVR ≤ 80% (up to $750,000 Owner Occupier, P&I)December 3
ME BankUp by 0.15%Flexible Home Loan Fixed Interest In Advance - 1 Year (Investor)December 18
MyStateDown by 0.20%Fixed Rate Home Loan - 3 Years Fixed (LVR <=80% Investor, P&I + IO)December 1
People's Choice Credit UnionDown by 0.05%Home Loan Package - 2 Years Fixed Package (Owner Occupier, P&I), Fixed Home Loan - 2 Years (Owner Occupier, P&I)December 18

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