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

Adam Smith 5 June 2018 NEWS

The RBA is in a record period of inactivity, but the home loan market is far from stagnant.

The Reserve Bank of Australia set a new record in June when it left the official cash rate untouched at 1.50% for the 20th consecutive meeting.

Lenders have slowed down their furious rate moves in response to the RBA's inactivity and tighter lending restrictions. But there are still plenty of great deals in the market. In May, five lenders in the finder.com.au database made changes to their rates independently of the RBA. The steepest cut was 52 basis points. A cut like this can make a huge difference to your repayments. For instance, if you had a $500,000 home loan at 4.00%, a 52 basis point cut to 3.48% could save you nearly $150 a month. Over the course of 30 years, you'd save a massive $53,075.

You can keep across all of June's out-of-cycle rate changes in the table below. We'll update the table as more lenders announce rate changes. If you see a better deal on offer than your current home loan, it could be time to refinance.

Non-major lenders

LenderChangeLoans affectedDate effective
AMPDown by 0.05%Professional Package Variable Rate Home Loan - $750,000 and above (Owner Occupier, P&I)14 Jun
Bank FirstDown by 0.05%First Rate Home Loan - LVR < 80%, First Rate Home Loan - LVR > 80%1 Jun
Beyond Bank Down by 0.06% - 0.20%Total Home Loan Package - All in one $300,00 to $499,999 (Owner Occupier) + Pinnacle Plus Package Home Loan - All-in-One $200,000 to $299,99913 Jun
Beyond Bank Up by 0.06% - 0.20%Pinnacle Plus Package Home Loan - $150,000 plus (Investor, IO) New Money Offer + Pinnacle Plus Package Home Loan - All-in-One $300,000 plus (Owner Occupier)13 Jun
CitibankUp by 0.01% - 0.25%Mortgage Plus Standard Variable Rate - $150,000 to < $500,000 LVR + ≥ $500,000 <=90% (Owner Occupier + Investor) + Basic Variable Rate Home Loan - LVR <=80% (Owner Occupier +Investor, P&I + IO) + Standard Variable Loan - ≥ $500,000 LVR ≤ 80% (Investor, P&I + IO)12 Jun
CitibankDown by 1.31%Standard Variable Loan - ≥ $500,000 LVR ≤ 80% (Owner Occupier, P&I)12 Jun
HomestarUp by 0.05% - 0.15%Finance Variable Rate Home Loan - <$750k LVR<70% +>$750k LVR<70% +<$750k LVR>70% +>$750k LVR>70% (Investor, IO + P&I)25 Jun
IMBUp by 0.01% - 0.08%Standard Variable Home Loan - LVR <=80% + <=95% + <=90% (Owner Occupier + Investor, P&I + IO) + Introductory Variable Rate + Accelerator Home Loan - LVR <=95% $300k+ (Owner Occupier) + Essential Home Loan - LVR > 90% (Owner Occupier, P&I)22 Jun
IMBDown by 0.02%Essentials Home Loan - LVR <=80 (Investor Only, P&I + IO)22 Jun
INGDown by 0.15%Orange Advantage Loan - $150k to $500k +$500k to $1M +$1M (LVR <=80% Investor, P&I + IO) + ING Mortgage Simplifier Home Loan - $150,000 to $500,000 + $500k to $1M +$1M (LVR <=80% Investors, P&I + IO)6 Jun
loans.com.auUp by 0.10%loans.com.au Offset Variable - 80% to 90% LVR + Up to 80% LVR + Package Offset (Investor P&I + IO) + loans.com.au Construction - Variable (Owner Occupier + Investor) + loans.com.au Essentials - Variable (Investor, IO) + (Investor, P&I)7 Jun
Queenslanders Credit UnionUp by 0.30% - 0.56%Ultimate Home Loan and Special Offers (LVR <=80%) P&I5 Jun
Virgin MoneyDown by 0.05% - 0.10%Variable Home Loan - LVR <=80% (<$500k +$500k to $750k +$750k+ Investor, IO)25 Jun
LenderChangeLoans affectedDate effective]
Greater BankUp by 0.10%Ultimate Home Loan - Discounted 3 Year Fixed LVR ≤90% ($150K+ Owner Occupier)27 Jun
HomestarUp by 0.05%Fixed Rate Home Loan - 1,2,3,4,5 Year (Owner Occupier + Investor, P&I + IO)21 Jun
IMBUp by 0.10%Fixed Rate Home Loan - 5 Years Fixed (LVR <=80% Investor, P&I)22 Jun
IMBDown by 0.10% - 0.90%Fixed Rate Home Loan - 1,2,3,4,5 Year Fixed (LVR < 90% + > 90% Owner Occupier + LVR <=80% Investor, P&I)22 Jun
Newcastle Permanent Building SocietyUp by 0.10% - 0.15%Newcastle Permanent Building Society Fixed Rate Home Loan - 2 , 3 , 7 10 (Owner occupier + Investor PI + IO)4 Jun
Regional Australia BankDown by 0.15%Partnership Advantage Fixed Home Loan - 1,2,3,5 Year (Investor PI + IO) + Regional Australia Bank Fixed Rate Home Loan - 1,2,3,5 Year (Investor PI + IO)5 Jun

Compare refinance home loans today

Rates last updated August 16th, 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.
3.49%
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.
3.64%
3.65%
$0
$0 p.a.
80%
Low interest rate and limited fees. Add a 100% offset account for $10 a month.
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.
3.64%
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.
3.68%
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.
3.72%
4.10%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
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.
3.69%
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.
3.65%
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.
3.75%
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.
3.64%
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%
3.70%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
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.
3.70%
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.
3.79%
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.
3.84%
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.
3.74%
3.79%
$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.
3.84%
3.89%
$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.

Compare up to 4 providers

Aussie Home Loans Logo

Enter your details below to receive an obligation-free quote from an Aussie home loans expert today

finder.com.au respects your privacy

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, 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.

By submitting this form, you agree to the finder.com.au privacy policy and the Aussie privacy policy.

Aussie Home Loans 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.
  • Over 1000 brokers who are able to help you in your local area.

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 Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site