All of October 2018’s out-of-cycle home loan rate changes

Posted: 5 October 2018 11:23 am News

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Three of the four majors have already moved out-of-cycle. Which lenders will follow?

In September, three of the four major banks announced home loan rate hikes. Westpac, ANZ and Commonwealth Bank all lifted rates for owner-occupiers, while NAB broke with its rivals in holding fast on interest rates.

The major banks weren't alone in their out-of-cycle rate moves. In total, 25 lenders in Finder's database moved on rates in September out of step with the Reserve Bank of Australia.

October looks set to be another busy month for rate moves, in spite of the RBA's decision to leave the official cash rate on hold at 1.50%. If your lender chooses to lift rates, it could be time to refinance your home loan. We'll keep the table below updated throughout the month of October. Be sure to check back to see if your lender is still giving you the best deal.

Major bank changes

LenderChangeLoans affectedDate effective
Commonwealth BankUp by 0.15%Extra Home Loan - 2 Year Introductory Rate (Investment) IOOctober 4
Commonwealth BankDown by 0.10% - 0.35%Extra Home Loan - Variable Rate (Owner Occupier + Investor, P&I + IO), Extra Home Loan - 4 Year Introductory Rate (Owner Occupier + Investor, P&I + IO)October 23
LenderChangeLoans affectedDate effective
NABUp by 0.05% - 0.20%Tailored Fixed Rate Home Loan - 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I), Choice Package Home Loan - 2, 3, 5 Years Fixed (Owner Occupier + Investor, P&I), Interest Only in Advance Fixed Rate - Tailored 2, 3 Years Fixed (Investor), Interest Only in Advance Fixed Rate - Tailored Home Loan Choice Package 2, 3 Years Fixed (Investor), Interest Only in Arrears Fixed Rate - Tailored 2, 3 Years Fixed (Owner Occupier + Investment), Interest Only in Arrears Fixed Rate - Choice Package 2, 3 Years Fixed (Owner Occupier + Investment), Interest Only in Advance Fixed Rate - Tailored Share Investment 2, 3 Years Fixed, Interest Only in Advance Fixed Rate - Choice Package Share Investment 2, 3 Years Fixed, Defence Force Choice Package Fixed Home Loan - 3, 5 Years, Defence Force Home Loan - 3, 5 Years Fixed RateOctober 30
NABDown by 0.09% - 0.45%Tailored Fixed Rate Home Loan - 2, 4 Years Fixed (Owner Occupier + Investor, P&I), Choice Package Home Loan - 2, 4 Years Fixed (Owner Occupier + Investor, P&I), Interest Only in Advance Fixed Rate - Tailored 4 Years Fixed (Investor), Interest Only in Advance Fixed Rate - Tailored Share Investment 4 Years Fixed, Interest Only in Advance Fixed Rate - Tailored Home Loan Choice Package 4 Years Fixed (Investor), Interest Only in Arrears Fixed Rate - Tailored 4 Years Fixed (Owner Occupier + Investment), Interest Only in Arrears Fixed Rate - Choice Package 4 Years Fixed (Owner Occupier + Investment), Interest Only in Advance Fixed Rate - Choice Package Share Investment 4 Years Fixed, Defence Force Choice Package Fixed Home Loan - 2, 4 Years, Defence Force Home Loan - 2, 4 Years Fixed RateOctober 30

Non-major lenders

LenderChangeLoans affectedDate effective
AMPDown by 0.05% - 0.66%Professional Package Line of Credit - $500,000 to $749,999 + $750,000 and above (Owner Occupier + Investor, IO), Professional Package Variable Rate Home Loan -$500,000 to $749,999 + $750,000 and above (Owner Occupier + Investor, P&I + IO)October 24
AussieUp by 0.06% - 0.91%Select Basic Variable LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% + LVR > 90% (Owner Occupier + Investor, P&I + IO), Select Standard Variable LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% + LVR > 90% (Owner Occupier + Investor, P&I + IO), Select Line of Credit LVR <= 70% + LVR 70.01% to 80% + LVR 80.01% to 90% (Owner Occupier + Investor)October 3
Bank AustraliaDown by 0.60%Basic Home Loan - Investment Variable, P&I + IOOctober 2
Bank FirstUp by 1.00%Standard Home Loan - First Home Buyer LVR <=80% + >80% (Owner Occupier)October 23
BankVicUp by 0.10%WealthBuilder$ Variable Home Loan - $250k-$749k + up to $249k + $750k+ (Owner Occupier), Premium Package Variable Home Loan - Standard $250k-$749k + up to $249k + $750k+ (Owner Occupier), Line of Credit - Owner Occupier, Offset Variable Home Loan - Owner Occupier, Standard Variable Home Loan - Owner OccupierOctober 3
BankVicDown by 0.01%Base Variable Home Loan - Owner Occupier, Introductory 2 Years Variable Rate - (Owner Occupier)October 3
BankwestUp by 0.10% - 0.15%Complete Home Loan Package Variable - LVR <=90% + LVR 90.01% to 95% (Owner Occupier + Investor, P&I), Complete Home Loan Package Equity - $200k to $500k + $500k to $750k + $750k+, Seniors Equity Release Home Loan - Variable Rate, Regular Saver Home Loan (Owner Occupier + Investor, P&I + IO), Mortgage Shredder Home Loan (Owner Occupier + Investor, P&I + IO), Equaliser Home Loan - LVR ≤80% (Owner Occupier + Investor, P&I & $200k+) new customers onlyOctober 4
Bendigo BankDown by 0.17% - 0.22%Connect Package Home Loan - > $500,000 + $250,000 to $499,999 + $0 to $249,999 (Investor, P&I + IO), Basic Variable Rate Home Loan - (Investor, P&I + IO), Investment Variable - $50,000 to $250,000 + $250,000 to $500,000 +$500,000+, P&I + IOOctober 12
CitibankUp by 0.16%Mortgage Plus Standard Variable Rate - LVR ≤ 90% (Owner Occupier + Investor, P&I + IO), Basic Variable Rate Home Loan - (Owner Occupier + Investor, P&I + IO), Standard Variable Loan - (Owner Occupier + Investor, P&I + IO)October 12
Goldfields Money Up by 0.25% - 0.30Special Rate Home Loan - LVR 80.01% to 90% (Owner Occupier + Investor)October 23
Goldfields MoneyDown by 0.05% - 0.26%Standard Home Loan - Owner Occupier + Investor, Discounted Home Loan - Owner Occupier + InvestorOctober 23
Homeloans Up by 1%MoniPower Variable Home Loan - LVR 80 - 90% (Investor, P&I)October 3
HomeloansUp by 0.05% - 0.15%Flexichoice Prime Variable ProPack Home Loan - LVR up to 80% + 80.01% - 90% + > 90% (Owner Occupier + Investor, P&I), Standard Variable Home Loan - LVR up to 80% + 80.01% - 90% + > 90% (Owner Occupier + Investor, P&I), FlexiChoice Prime Alt Doc Home Loan - LVR up to 70% + >70% to 80% (Investor, P&I), FlexiChoice Prime Non-Genuine Savings loans (up to 95% + up to 90% LVR)October 11
HomeloansDown by 0.05% - 0.55%Flexichoice Clear Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% + 85.01% to 90% (Owner Occupier + Investor, P&I + IO), FlexiChoice Clear Plus Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Assist Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Clear Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% + 85.01% to 90% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Plus Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Alt Doc Assist Home Loan - LVR <=70% + 70.01% to 80% + 80.01% to 85% (Owner Occupier + Investor, P&I + IO), FlexiChoice Prime Alt Doc Home Loan - LVR up to 70% + >70% to 80% (Owner Occupier + Investor, IO)October 11
HSBCDown by 0.05%Home Value Loan - (Owner Occupier P&I)October 19
IMBUp by 0.15%Equity Line Advantage Home Loan, Standard Variable Home Loan - LVR <= 85% + LVR <=95% (Owner Occupier + Investor, P&I + IO), Introductory Variable Rate Home Loan, Budget Home Loan - LVR > 90% + LVR <= 90% (Owner Occupier + Investor, P&I + IO), Essential Home Loan - LVR <= 90% + LVR > 90% + LVR <=85 (Owner Occupier, P&I), Essentials Home Loan - $300,000+, LVR < 90% (Owner Occupier, P&I)October 5
iMortgageUp by 0.01% - 0.36%Prime Home Loan - Term Loan LVR <= 80% LVR (Owner Occupier, P&I + IO), Fusion Variable Home Loan - $200K+ LVR <=70% + 80% - 90% + 90% - 95% (Owner Occupier, P&I + IO), Fusion Variable Investment Home Loan - $200K+ LVR <=80% + 80% - 90% (P&I + IO)October 9
iMortgageDown by 0.05% - 0.14%Prime Home Loan - Term Loan LVR <= 80% LVR (Investor), Prime Home Loan - Term Loan LVR > 80% LVR (Owner Occupier)October 9
MyStateDown by 0.10% - 0.20%Standard Variable Home Loan - LVR <=80% (Owner Occupier + Investor, IO), Special Residential Home Loan - LVR <=80% (Owner Occupier + Investor, P&I + IO), Basic Variable Home Loan - LVR <=80% (Owner Occupier + Investor, P&I + IO)October 16
RACQ BankDown by 0.20%Choices Package Mortgage Breaker Home Loan - $150,000 and over (Investor) SpecialOctober 25
ReduceDown by 0.10% - 0.35%Investor Rate Buster Variable 100% Offset - LVR up to 80%, Investor Rate Buster High Lend Variable Home Loan, Investor Rate Lovers Variable Home Loan, Rate Buster Escape Home Loan (Investor) 100% Offset LVR 80%October 30
The MutualUp by 0.15% - 1.05%Express Credit Facility (LOC), Package Home Loan - Variable Rate (Owner Occupier + Investor), Package Home Loan - Discounted Variable Rate (Owner Occupier), Budget Home Loan - (Owner Occupier + Investor), Home Loan - (Owner Occupier + Investor), Premium Variable Home Loan - (Owner Occupier + Investor), Standard Variable Home Loan - (Owner Occupier + Investor)October 2
The Rock Building SocietyDown by 0.10% - 0.83%Essentials Home Loan - LVR <= 80% + 80% to 90% + 90% (Owner Occupier + Investor, P&I + IO), Basic Variable Home Loan - LVR<=80% (Owner Occupier + Investor, P&I + IO), Standard Variable Home Loan - LVR<= 80 (Owner Occupier, IO)October 16
LenderChangeLoans affectedDate effective]
Bank AustraliaDown by 0.05% - 0.50%Premium Fixed Rate Home Loan - 2, 3 Years Fixed Rate LVR <80% (Owner Occupier), Premium Home Loan Package - 2, 3 Years Fixed (Owner Occupier) LVR < 80% + > 80%, Premium Home Loan Package - 1, 2, 3, 5 Years Fixed (Investor, P&I + IO), Australia Basic Home Loan - 1, 2, 3, 5 Years Fixed Rate (Owner Occupier + Investor, P&I + IO)October 2
Bank FirstDown by 0.05%Premier Package Home Loan - 2 Years Fixed LVR <80% + >80% Discounted Rate (Owner Occupier)October 23
BankVicUp by 0.13%Fixed Home Loan - 2 Years (Owner occupier)October 3
BankVicDown by 0.05% - 0.20%WealthBuilder$ Fixed Home Loan - 1, 2, 3, 4, 5 Years (Investor), Premium Package Fixed Home Loan - 1, 2, 3, 4, 5 Years (Investor)October 3
Big SkyUp by 0.05% - 0.65%Fixed Rate - 1, 3, 5 Years (Investor, P&I + IO), Fixed Rate - 1, 3, 5 Years (Owner Occupier, IO), Premium Choice Fixed Home Loan - 1, 3, 5 Years (Owner Occupier + Investor, P&I + IO)October 4
Big SkyDown by 0.05% - 0.56%Fixed Rate - 1, 3, 5 Years (Owner Occupier, P&I), Premium Choice Fixed Home Loan - 1, 3, 5 Years (Owner Occupier, P&I)October 4
Goldfields MoneyUp by 0.05% - 0.48%Fixed Rate - 1, 2, 3, 4, 5 Years (Owner Occupier + Investor)October 23
HomeloansDown by 0.15%FlexiChoice Prime 3 Years Fixed Rate - LVR < 80% (Owner Occupier, IO), FlexiChoice Prime 3 Years Fixed Rate - LVR > 80% to 90% + > 90% + < 80% (Investor, IO)October 11
IMBDown by 0.05% - 0.10%Fixed Rate Home Loan - 3 Years Fixed (LVR < 90% Owner Occupier, P&I), Fixed Rate Home Loan - 3 Years Fixed (LVR <=85% Investor, P&I)October 5
iMortgageUp by 0.10%Prime Home Loan - 4, 5 Years Fixed (Owner Occupier + Investor), Fusion Fixed Home Loan - 1, 2, 3, 4, 5 Years LVR up to 80% + 80.01% - 90% + over 90% (Owner Occupier + Investor, P&I + IO)October 9
iMortgageDown by 0.13% - 0.34%Fusion Fixed Home Loan - 1, 2, 3, 4, 5 Years LVR 80.01% to 90% (Investor, P&I + IO), Prime Home Loan - 1, 2, 3 Years Fixed (Investor)October 9
INGUp by 0.03% - 0.17%Fixed Rate Home Loan - 1, 2, 4, 5 Years Fixed Rate (Owner occupiers), Fixed Rate Home Loan - 1, 2, 4, 5 Years Fixed Rate (Owner Occupier with Orange Advantage)October 31
INGDown by 0.03% - 0.36%Fixed Rate Home Loan - 1, 2, 3, 5 Years Fixed Rate (Investors)October 31
MyStateDown by 0.05%Fixed Rate Home Loan - 2 Years Fixed (LVR <=80% Investor, IO)October 16
Newcastle Permanent Building SocietyUp by 0.05% - 0.10%Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (Owner occupier, P&I + IO), Premium Plus Package Fixed Rate - 1, 2, 3, 4, 5 Years Fixed (Owner Occupier, P&I + IO)October 15
Newcastle Permanent Building SocietyDown by 0.04% - 0.10%Fixed Rate Home Loan - 2, 3 Year Fixed (Investor, P&I + IO), Premium Plus Package Fixed Rate - 2, 3 Year Fixed (Investor, P&I + IO)October 26
RACQ BankDown by 0.10% - 0.13%Choices Package Fixed Loan - 1, 2, 3 Years $150k+ (Investor), Investment Fixed - 1, 2, 3 YearsOctober 25
The Rock Building SocietyDown by 0.10% - 0.74%Standard Fixed Home Loan - 1, 2, 3, 5 Years LVR >80% (Investor, IO), Standard Fixed Home Loan - 1, 2, 3, 5 Years LVR <=80% (Owner Occupier, IO)October 16

Compare refinance home loans today

Rates last updated August 24th, 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.

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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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