New home loan rate changes for Jan-Feb 2017
The RBA has yet to meet for the first time in 2017 but lenders are opting to start the year with their own rate changes
As the RBA takes a break for January and begins to gather data for its meeting and announcement on 7 February 2017 lenders have taken it upon themselves to continue the trend that began late last year of making changes independent of what the RBA decides for the cash rate. We have already seen ME, Virgin Money and Suncorp have all already announced or implemented changes to their variable or fixed products or both.
Major lenders changes
| Lender | Change | Date effective | |
|---|---|---|---|
| ANZ | Up 0.20 - 0.40% | Fixed Rate Home Loan - 2, 3, 4 Years Fixed Rate (owner occupier + investor), Breakfree Package Home Loan 2, 3, 4 Years Fixed Rate (owner occupier + investor) | 13 Jan |
| ANZ | Down 0.20 - 0.23% | Breakfree Package Home Loan - Variable (owner occupier + investor) | 13 Jan |
| NAB | Down 0.10-0.15% | Tailored Fixed Rate Home Loan - 1 Year Fixed Rate, Choice Package Fixed Rate Home Loan - 1 Year Fixed Rate | 16 Jan |
| NAB | Up 0.05 - 0.80% | Tailored Fixed Rate Home Loan - 2,3,4,5 Year Fixed Rate (Owner Occupier + Investor), Choice Package - 2,3,4, Years Fixed Rate (Owner Occupier + Investor) | 16 Jan |
All other lenders changes
| Lender | Change | Date effective | |
|---|---|---|---|
| Bank Australia | Up 0.10 - 0.25% | Basic Home Loan - 3, 5 Years Fixed Rate (owner occupier), Premium Home Loan Package - 3, 5 Years Fixed Rate (owner occupier) | 3 Jan |
| Bank Australia | Down 0.20 - 0.50% | Basic Home Loan - 1, 2, 3, 5 Years Fixed Rate (investor), Premium Package Home Loan - 1, 2, 3, 5 Years Fixed Rate (investor) | 3 Jan |
| Bankwest | Up 0.10 - 0.20% | Complete Home Loan Package - 2,3,5 Years Fixed Rate (investor), Fixed Rate Home Loan - 2,3,5 Years (investor) | 24 Jan |
| Bank of Queensland | Up 0.10 - 0.25% | Fixed Rate Home Loan - 3, 4, 5 Years Fixed Rate (owner occupier + investor), Discount 3 Years Fixed Rate Home Loan | 6 Jan |
| Bendigo Bank | Up 0.05 - 0.15% | Connect Fixed Rate Home Loan - 1, 2, 3 Years Fixed Rate (owner occupier + investor), Residential Investment - 1, 2, 3, 4, 5 Years Fixed Rate, Basic Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 4 Jan |
| Beyond Bank | Up 0.05 - 0.10% | Pinnacle Plus Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor), Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor), Total Home Loan Package - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 29 Dec |
| CUA | Up 0.07 - 0.15% | Fixed Rate Home Loan - 1,2,3 Years Fixed Rate (Owner Occupier + Investor), Premium Fixed Rate Home Loan - 1,2,3 Years Fixed Rate (Owner Occupier + Investor) | 19 Jan |
| G&C Mutual Bank | Up to 0.05 - 0.10% | Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 25 Jan |
| Greater Bank | Up 0.05 - 0.20% | Ultimate Fixed Rate - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor), Ultimate Discounted Fixed - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor), Great Rate Fixed Rate- 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor), Great Rate Discounted Fixed - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 16th Jan |
| Heritage Bank | Up to 0.10% | Fixed Rate Home Loan - 2, 3, 5 Years Fixed Rate (investor), Advantage Package Home Loan - 2, 3,5 Years Fixed Rate (investor) | 17 Jan |
| Heritage Bank | Up 0.05% | Fixed Rate Home Loan - 2 Year (owner occupier), Advantage Package Fixed Rate Home Loan - 2 Year (owner occupier) | 7 Feb |
| Heritage Bank | Down 0.30% | Fixed Rate Home Loan - 1 Year (owner occupier + investor) | 7 Feb |
| Homeloans | Fixed Rate Home loan - 1, 2, 3, 4, 5 Years Fixed rate (owner occupier + investor), Alt Doc Fixed Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 27 Jan | |
| Homeloans | Up to 0.05 - 0.10% | Ultra Plus Fixed Home Loan - 2 & 3 Years Fixed rate (owner occupier + investor) | 13 Feb |
| ING DIRECT | Up to 0.05 - 0.15% | Fixed rate Home Loan - 1, 2, 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 17 Feb |
| Newcastle Permanent | Up 0.09 - 0.10% | Fixed Rate Home Loan - 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 23 Jan |
| Newcastle Permanent | Up 0.10% - 0.60% | Fixed Rate Home Loan - 1, 2, 3, 4, 5, 7, 10 Years Fixed Rate (owner occupier + investor) | 13 Feb |
| UBank | Up 0.22% - 0.30% | Fixed Rate Home Loan - 3, 5 Years Fixed Rate (owner occupier + investor) | 14 Feb |
| Virgin Money | Up 0.20 - 0.24% | Reward Me Fixed Rate Home Loan - 3, 4, 5 Years Fixed Rate (owner occupier + investor) | 6 Jan |
| Virgin Money | Down 0.16 - 0.30% | Reward Me Fixed Rate Home Loan - 1, 2 Years Fixed Rate (owner occupier + investor) | 6 Jan |
| Lender | Change | Date effective | |
|---|---|---|---|
| AMP | Up 0.15% | Essentials Home Loan (investor), Professional Package Home Loan - Variable (investor), Professional Package Home Loan - Line of Credit (investor), Basic Package Home Loan - Variable (investor), Classic Home Loan - Variable (investor), Classic Club Introductory Home Loan - Variable (investor), Classic Club Line of Credit Home Loan (investor), Land Loan (investor), SuperEdge Home Loan - Variable (investor) | 9 Jan |
| Australian Unity | Up 0.06% | Health, Wealth and Happiness Package Home Loan - Variable (owner occupier) | 2 Feb |
| Bank Australia | Up 0.08 - 0.12% | Basic Home Loan - Variable (owner occupier + investor), Premium Home Loan Package - Variable (owner occupier + investor), Bridging Home Loan - Variable, Line of Credit Home Loan | 3 Jan |
| Bank Australia | Down 0.72 - 0.92% | Premium Home Loan - Variable LVR <80% (owner occupier) | 3 Jan |
| Bank Australia | Up 0.08% | Basic Home Loan - Variable (owner occupier) | 20 Feb |
| Bank of Queensland | Up 0.15% | Clear Path Variable Home Loan (owner occupier + investor), Clear Path Line of Credit Home Loan (owner occupier + investor), Standard Variable Home Loan (owner occupier + investor), Low Doc Standard Variable Home Loan (investor), Low Doc Line of Credit Home Loan (owner occupier + investor) | 6 Jan |
| Bankwest | Up to 0.10 - 0.30% | Complete Home Loan Package - Variable (investor), Premium Select Home Loan - Variable (investor), Equaliser Home Loan - 3 Years Introductory (investor) | 17 Jan |
| Bankwest | Up 0.20% | Premium Select Home Loan - Variable (investor), Complete Home Loan Package - Variable (investor) | 24 Jan |
| Bankwest | Up to 0.10 - 0.40% | Complete Home Loan Package - Variable (investor), Premium Select Home Loan - Variable (investor), Equaliser Home Loan - 3 Years Introductory (investor) | 31 Jan |
| Catalyst Money | Up 0.10% | Variable Lite & Variable Home Loans (owner occupier + investor) | 20 Feb |
| Heritage Bank | Down 0.30 - 0.70% | Discount Variable Home Loan - Discount Variable, Special Rate Offer (owner occupier) | 4 Jan |
| Heritage Bank | Up to 15% | Discount Variable Home Loan - Discount Variable, Special Rate (investor), Standard Variable Home Loan - Variable (investor), Advantage Package Home Loan - Standard Variable (investor) | 17 Jan |
| Heritage Bank | Up to 0.15% | Advantage Package (Owner Occupier + Investor), Living Equity Line of Credit (Owner Occupier + Investor) | 7 Feb |
| Homeloans | Up to 15% | Ultra Plus Variable Home Loan (Owner Occupier + Investor) | 24 Jan |
| Homeloans | Up to 0.10 - 0.18% | Monipower Home Loan - Variable (investor) | 20 Feb |
| Illawarra Credit Union | Up 10% | Variable Lite & Variable Home Loans (owner occupier + investor) | 20 Feb |
| IMB | Up to 0.10 - 0.19% | Standard Variable Home Loan (Owner Occupier + Investor), Platinum Package (Owner Occupier + Investor), Lo Doc Home Loan, Introductory Variable Rate Home Loan, Equity Line Advantage Home Loan, Discount Split Home Loan(Owner Occupier), Accelerator Home Loan | 30 Jan |
| ING DIRECT | Up to 0.15% | Orange Advantage Home Loan - Variable LVR <=80% (investor), Mortgage Simplifier Home Loan - Variable LVR <=80% (investor) | 17 Feb |
| ING DIRECT | Down 0.03 - 0.05% | Orange Advantage Home Loan - Variable LVR >80% <=90% (investor), Mortgage Simplifier Home Loan - Variable LVR >80% <=90% (investor) | 17 Feb |
| ME Bank | Up 0.05 - 0.10% | Flexible Home Loan (owner occupier + investor), Basic Home Loan (owner occupier + investor), Flexible Home Loan with Members Package (owner occupier + investor) | 4 Jan |
| Newcastle Permanent | Up 0.10% | Premium Plus Package Home Loan - New Customer Offer (owner occupier) | 27 Feb |
| Pepper Money | Down 0.10% | Near Prime and Specialist home loans | 27 Feb |
| RAMS | Up 0.15% | Full Feature Advantage Package - Variable (owner occupier + investor), Line of Credit, Full Feature Advantage Package - Line of Credit, Low Rate Home Loan (owner occupier + investor), Self-Employed Line of Credit, Self-Employed Line of Credit with Value Advantage Package, Self-Employed Home Loan (owner occupier + investor), Self-Employed Home Loan with Value Advantage Package (owner occupier + investor) | 16 Jan |
| State Custodians | Up 0.10% | Line Of Credit Loan Spring Special(owner occupier + investor), Standard Variable Spring Special (owner occupier + investor), Breathe Easy Spring Special (owner occupier + investor) | 27 Feb |
| Suncorp | Up 0.15% | Back to Basics Home Loan (owner occupier), Standard Variable Home Loan (owner occupier) | 23 Jan |
| Virgin Money | Up 0.10 - 0.15% | Reward Me Variable Home Loan (owner occupier + investor) | 6 Jan |
