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

Posted: 5 November 2018 11:50 am News

All four major banks have hiked rates independently of the RBA. Which other lenders have followed suit?

Early this month, NAB became the final major bank to lift interest rates out-of-cycle with the Reserve Bank of Australia. After holding the line on rates in contrast to its major bank rivals, the bank announced it would hike its base variable rate by 0.18% for new customers.

NAB and the other three majors haven't been alone in their decision to move out of step with the RBA. Last month, 20 lenders in the Finder database chose to change rates, despite the RBA leaving the official cash rate untouched.

Clearly, inaction by the RBA no longer translates to a steady period for home loan interest rates. You can keep track of all of November's out-of-cycle rate changes in the table below. If your lender is one of those that chooses to lift rates, it could be time to refinance to a better deal.

Major bank changes

LenderChangeLoans affectedDate effective
NABUp by 0.18%Base Variable Rate Home Loan - Principal and Interest (limited time special offer for owner occupiers only)November 9
LenderChangeLoans affectedDate effective

Non-major lenders

LenderChangeLoans affectedDate effective
Auswide BankDown by 0.12% - 0.94%Variable Home Loan Plus with Freedom Package - $100K+ LVR <= 90% (Special Offer, Owner Occupier), Variable Home Loan Plus with Freedom Package - Discount Variable (Investor, IO)November 15
Bank of MelbourneDown by 0.14%Basic Home Loan - Promotional Rate (Investors, P&I)November 8
BankSADown by 0.05% - 0.15%Basic Home Loan - Promotional Rate (Owner Occupiers + Investor, P&I), Advantage Package Home Loan - $250k to $499,999 + $500k to $749,999 (Special Discount) (Investor, P&I + IO)November 11
BankwestUp by 0.15%Equity Access, Premium Select Home Loan - $20k+ (LVR up to 90%) (Investor, P&I)November 9
Credit Union SAUp by 0.05% - 0.12%Home Loan Package - Variable $150k+ (Owner Occupier + Investor, P&I + IO), Home Loan Package - Variable LVR 80% > $150k Special Offer (Owner Occupier + Investor, P&I + IO), Discounted Home Loan (Owner Occupier + Investor, P&I + IO), Variable Rate Home Loan (Owner Occupier + Investor, P&I + IO)November 12
Heartland Seniors FinanceUp by 0.25%Secondary Property Reverse Mortgage, Standard Reverse Mortgage, Aged Care OptionNovember 30
INGUp by 0.10%Orange Advantage Loan - < $150,000 (Owner Occupier, P&I + IO), Orange Advantage Loan - $150k to $500k (Owner Occupier, P&I + IO), Orange Advantage Loan - $500k to $1m (Owner Occupier, P&I + IO), Orange Advantage Loan - $1M+ (Owner Occupier, P&I + IO)November 30
Newcastle Permanent Building SocietyUp by 0.17%Premium Plus Package Home Loan - New Customer Offer ($150k+ Owner Occupier, P&I) Discount 1 + 2November 19
Newcastle Permanent Building SocietyDown by 1.13% - 1.33%Real Deal Home Loan - (Owner Occupier Special Rate, IO), Real Deal Home Loan - (Investor, IO)November 19
People's Choice Credit UnionUp by 0.10%Home Loan Package - $100k+ (special offer LVR <80%) (Owner Occupier, P&I)November 1
People's Choice Credit UnionDown by 0.10% - 0.77%Home Loan Package - Variable $100k+ (new customers special offer LVR < 80%) Investor, P&I + IO, Home Loan Package - $100k+ LVR >80% (Investor, P&I + IO)November 1
St.GeorgeDown by 0.14%Basic Home Loan - Promotional Rate (Investor, P&I)November 8
Teachers Mutual BankUp by 0.20%My First Home Loan, Interest Only - Variable, Classic Home Loan - Owner Occupier, Solutions Plus Home Loan - $150,000 to $249,999 + $250,000 to $499,999 + $500,000 to $749,999 + $750,000+ (Owner Occupier)November 30
Tic:TocDown by 0.32%Investor Interest Only Variable Rate Home LoanNovember 30
UniBankUp by 0.20%My First Home Loan, Interest Only Variable Home Loan, Classic Home Loan, Solutions Plus Home Loan - $150,000 to $249,999 + $250,000 to $499,999 + $500,000 to $749,999 + $750,000+ (Owner Occupier)November 30
LenderChangeLoans affectedDate effective]
AussieDown by 0.10% - 0.30%Select Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed LVR up to 80% + LVR over 80% (Owner Occupier, P&I + IO), Select Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (Investor, P&I + IO), Select Standard Fixed - 1, 2, 3, 4, 5 Years (Owner Occupier + Investor, P&I + IO)November 13
Bank of MelbourneDown by 0.04% - 0.30%Advantage Package Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Portfolio Fixed Rate Home Loan - 1, 2, 5 Years Fixed, Portfolio Home Loan with Advantage Package - 1, 2, 5 Years Fixed (Investor, IO)November 8
Bank of SydneyDown by 0.10% - 0.20%Expect More No Fee Home Loan Package - 1, 2, 3, 5 Years Fixed, Expect More Investment Home Loan Package - 1, 2, 3, 5 Years Fixed, Expect More With Fee Home Loan Package - 1, 2, 3, 5 Years FixedNovember 13
BankSADown by 0.04% - 0.30%Portfolio Home Loan - 5 Years Fixed (Investor, IO), Advantage Package Home Loan - 1, 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO)November 8
BankwestDown by 0.20%Complete Home Loan Package Fixed - 3 Years Fixed Rate LVR <90% (Investor, P&I & $200k+)November 9
Freedom LendUp by 0.01% - 0.27%Fixed Loan - 1, 2, 4, 5 Years Fixed Rate LVR ≤ 80% + 90% + ≤ 95% (Owner Occupier, P&I + IO)November 22
Freedom LendDown by 0.10% - 0.85%Fixed Loan - 1 Year LVR 80% + 90% (Owner Occupier + Investor, P&I + IO), Fixed Loan - 1 Years Fixed Rate (Investor, IO)November 22
Heritage BankDown by 0.10% - 0.20%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed (Investors, P&I + IO) New Customers Only + Existing customers only, Advantage Package - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO) New Customers Only + Existing customers onlyNovember 6
Horizon Credit Union Up by 0.10%Fixed Rate Home Loan - 2, 3, 5 Years Fixed (Owner Occupier + Investor)November 22
HSBCDown by 0.10% - 0.66%Premier Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Owner Occupier + Investor, P&I + IO), Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (Owner Occupier + Investor, IO)November 15
Newcastle Permanent Building SocietyUp by 0.04% - 0.05%Fixed Rate Home Loan - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO), Premium Plus Package Fixed Rate - 2, 3 Years Fixed (Owner Occupier + Investor, P&I + IO)November 23
People's Choice Credit UnionUp by 0.10% - 0.20%Investment Fixed - 1, 3, 4, 5 Years P&I + IO, Home Loan Package - 1, 2, 3, 4, 5 Years Fixed Package (Owner Occupier + Investor, P&I + IO), Fixed Home Loan - 1, 2, 3, 4, 5 Years (Owner Occupier, P&I + IO)November 1
St.GeorgeDown by 0.10% - 0.30%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO), Fixed Rate Advantage Package - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO), Portfolio Home Loan - 1, 2, 5 Years Fixed (Investor, IO), Portfolio Home Loan With Advantage Package - 1, 2, 5 Years Fixed (Investor, IO)November 8
Teachers Mutual BankUp by 0.91% - 1.09%Fixed Option Home Loan - 2, 3 Years (Owner Occupier)November 6
Tic:TocDown by 0.05% - 0.25%Invest Fixed Rate Loan - 2, 3 Years Fixed (Principal & Interest + Interest Only)November 30
UniBankUp by 0.91% - 1.09%Fixed Home Loan - 2, 3 Years (Owner Occupier)November 6

Compare refinance home loans today

Rates last updated August 25th, 2019
$
Loan purpose
Offset account
Loan type
Repayment 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
3.09%
3.09%
$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.
3.09%
3.05%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.19%
4.14%
$300
$10 monthly ($120 p.a.)
80%
A low fixed rate loan that lets you borrow up to 80% of your property's value.
3.49%
3.45%
$0
$0 p.a.
80%
A competitive variable mortgage for investors looking to refinance. Principal and interest repayments. Refinancers only.
2.99%
3.63%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
3.59%
3.24%
$0
$0 p.a.
80%
Variable interest only mortgage for owner occupied refinancers. Refinancers only.
3.69%
4.78%
$300
$10 monthly ($120 p.a.)
80%
Special offer for new lending between $150k-$500k & under 80% LVR.
3.69%
3.88%
$0
$10 monthly ($120 p.a.)
80%
This is a competitive, flexible variable rate suitable for borrowers with a good credit history. Borrow up to 80%.
2.99%
3.45%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
4.79%
5.23%
$995
$15 monthly ($180 p.a.)
80%
Unlimited defaults, judgements and writs registered greater than 24 months before applying.
3.37%
3.42%
$695
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.39%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get a low discounted rate for 2 years plus a 100% offset account. And you can get the loan with a 10% deposit.
3.14%
3.65%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.15%
3.19%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.59%
3.79%
$599
$10 monthly ($120 p.a.)
55%
A competitive rate offered to self-employed borrowers.
3.14%
3.49%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.45%
3.46%
$500 (if over 80% LVR)
$0 p.a.
80%
A competitive variable mortgage for home buyers. This loan has flexible repayments and an optional redraw facility.
3.29%
4.10%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.74%
4.89%
$300
$10 monthly ($120 p.a.)
80%
A flexible, competitive fixed rate loan that allows for extra repayments.

Compare up to 4 providers

Aussie Home Loans Logo

Enter your details below to receive an obligation-free quote from an Aussie mortgage broker today

By submitting this form, you agree to the Finder Privacy and Cookies Policy and Terms of Use

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 products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. 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. © 2019 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786. 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.

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 and Cookies Policy, Terms of Use, Disclaimer & Privacy Policy and the Aussie privacy policy.

Aussie 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.

Aussie Home Loans Lender Logos

The Adviser’s number 1 placed mortgage broker 5 years running (2013-2017)

Compare Home Loans

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