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FULL ROUND-UP: Nov-Dec 2016 out of cycle rate changes

Jodie Humphries 6 December 2016 NEWS

rate change

The RBA has continued to hold the cash rate for the remainder of 2016 but lenders are opting to make their own changes.

We have rounded up all the lenders who had made changes to their rates since the 8 November US election, we have previously reported that these changes are due to the increased cost of international funding following the election of Donald Drumpf as the next US President. The rate changes just kept coming with Westpac being the first of the big four to move on rates with CBA to follow a few days later and NAB announcing its changes just before the RBA meet for the last time in 2016.

Most of the changes focused on fixed rates with borrowers looking to get a 4 or 5 years fixed rate seeming to get the brunt of the hikes along with investors who have been getting tighter regulations and lending options since APRA intervened in mid-2015. There are some lenders such as UBank and ME Bank who have chosen to make more changes to their variable rate loans than their fixed rate loans.

Major lenders changes

LenderChangeLoans affectedDate effective
ANZUp 0.08 - 0.15%Equity Manager, Home Equity Loan, Land Loan (investor), Standard Variable Home Loan (investor), Breakfree Home Loan Package (investor)16 Dec
Commonwealth BankUp 0.15 - 0.65%2, 3 and 5 Years Fixed Rate Home Loan (owner occupier + investor), 2, 3 and 5 Years Fixed Rate Wealth Package Home Loan (investor) 4 Dec
Commonwealth Bank Down 0.15 - 0.40%1 and 4 Years Fixed Rate Home Loan (owner occupier), 4 Years Fixed Rate Home Loan (investor) and 1 and 4 Years Wealth Package Fixed Rate Home Loan (investor) 4 Dec
NABUp 0.15%Tailored Variable Home Loan (investor), Choice Package Variable Rate Home Loan (investor both principal and interest + interest only) Base Variable Rate Home Loan (investor), Portfolio Facility (LOC), Flexiplus Mortgage (with and without Choice Package) 12 Dec
WestpacUp 0.10%Flexi First Option 3 Years Introductory Special Offer (owner occupier + investor)14 Nov
WestpacUp 0.24 - 0.60%2, 3 and 5 Years Fixed Rate Home Loan (self-employed, investment and owner occupier), 2, 3 and 5 Years Fixed Rate Home Loan with Premier Advantage Package (self-employed, investment and owner occupier)28 Nov
WestpacDown 0.20%1, 4, 6, 7, 9 and 10 Years Fixed Rate Home Loan (investor)28 Nov
WestpacUp 0.08 - 0.20%Rocket Investment Home Loan Interest Only, Flexi First Option Home Loan Standard Interest Only (owner occupier + investor), Rocket Repay with Advantage Package (interest only), Rocket Investment with Advantage Package Home Loan (interest only), Equity Access with Advantage Package, Low Doc Self-Employed Equity Access Home Loan with Advantage Package, Fixed Rate Investment Property Loan with Premier Advantage Package16 Dec
WestpacDown 0.20%Fixed Rate Investment Property Loan16 Dec

All other lenders changes

LenderChangeLoans affectedDate effective
Adelaide BankUp 0.05% - 0.26%2, 3, 4 and 5 Years SmartFix Fixed Rate Home Loan (owner occupier + investor), 2, 3, 4 and 5 Years SmartDoc Fixed Rate Home Loan (owner occupier + investor)15 Dec
Adelaide BankDown 0.05%1 Year SmartFix Fixed Rate Home Loan (owner occupier + investor), 1 Year SmartDoc Fixed Rate Home Loan (owner occupier + investor)15 Dec
AussieUp 0.10 - 0.55%Optimizer Fixed Rate Home Loan (investor interest only, owner occupier principal & interest + interest only), 2, 3 and 5 Years Optimizer Fixed Rate Home Loan (investor principal & interest), 2, 3 and 5 Years Optimizer Plus Fixed Rate Home Loan (investor principal & interest), 2, 3, 4 and 5 Years Select Basic Fixed Rate Home Loan (owner occupier) and 2, 3, 4 and 5 Years Standard Fixed Rate Home Loan (owner occupier + investor)7 Dec
AussieDown 0.10%1 Year Optimizer Fixed Rate (investor principal & interest) and 1 Year Optimizer Plus Fixed Rate (investor principal & interest)7 Dec
B&E Personal BankingUp 0.50%Flexichoice Fixed Rate Home Loan and Flexi Discount Fixed Rate Home Loan7 Dec
Bank of MelbourneUp 0.24 - 0.60%2, 3 and 5 Years Fixed Rate Home Loan, Fixed Rate Advantage Package Home Loan (owner occupier + investor), 2, 3 and 5 Years Fixed Rate Portfolio Home Loan, 3 and 5 Years Fixed Rate Low Doc Home Loan (owner occupier + investor)28 Nov
Bank of QueenslandDown 0.19 - 0.35%4 and 5 Years Fixed Rate Home Loan Privileges Package (owner occupier + investor)12 Dec
Bank of SydneyUp 0.10% - 0.30%Expect More Fixed Rate PAYG and Expect More Fixed Rate18 Nov
BankSAUp 0.24 - 0.60%2, 3 and 5 Years Fixed Rate Home Loan, Fixed Rate Advantage Package Home Loan (owner occupier + investor), 2, 3 and 5 Years Fixed Rate Portfolio Home Loan, 3 and 5 Years Fixed Rate Low Doc Home Loan (owner occupier + investor)28 Nov
BankwestUp 0.16 - 0.51%2, 3 and 5 Years Fixed Home Loan (owner occupier + investor) and 2, 3 and 5 Years Fixed Complete Package Home Loan (owner occupier + investor)7 Dec
BankwestDown 0.05 - 0.14%1 and 4 Years Fixed Rate Home Loan (investor) and 1 and 4 Years Fixed Complete Package Home Loan (investor)7 Dec
BankwestUp 0.15% Mortgage Shredder Home Loan (investor), Complete Home Loan Package Variable (investor), Premium Select Home Loan (investor) 16 Dec
Beyond BankUp 0.10%Fixed Rate Loan Standard and Total Home Loan Package (owner occupier + investor)16 Nov
Catalyst MoneyUp 0.10 - 0.45%Fixed Home Loan, Fixed Lite Home Loan (owner occupier + investor)10 Nov
Credit Union SADown 0.30%2 Years Fixed Rate Home Loan (owner occupier + investor) and 2 Years Fixed Rate Package Home Loan (owner occupier + investor)8 Dec
CUADown 0.15 - 0.17%1 and 2 Year Fixed Rate Home Loan (owner occupier, investor, premium and standard fixed)29 Nov
FirstmacUp 0.13% Fixed Rate Home Loans (investor + owner occupier)
Freedom LendUp 0.05 - 0.10%3 Years Fixed Rate Home Loan (owner occupier + investor)6 Dec
Goulburn Murray Credit UnionDown 0.29 - 0.64%2 and 3 Years Fixed Rate Home Loan (owner occupier + investor)8 Dec
Greater BankUp 0.11% - 0.35%Great Rate and Ultimate loans (owner occupier + investor) 21 Nov
Greater BankDown 0.10%Great Rate 3 Years Fixed Rate Home Loan (owner occupier + investor), Ultimate 3 Years Fixed Rate Home Loan (owner occupier + investor)5 Dec
G&C Mutual BankUp 0.15 - 0.25%4 and 5 Years Fixed Rate Home Loan (owner occupier + investor) 2 Dec
Homeloans.com.auUp 0.20 - 0.50%Optima Fixed Rate Home Loan (owner occupier, investor, principal and interest + interest only) 5 Dec
Homeloans.com.auUp 0.10 - 0.31%2, 3, 4, and 5 Years Fixed Rate MoniPower Home Loan (owner occupier + investor), 2, 3, 4, and 5 Years Fixed Rate MoniPower Lo Doc Home Loan (owner occupier + investor) 15 Dec
Horizon Credit UnionUp 0.10%3 and 5 Years Fixed Rate Home Loan (owner occupier + investor)14 Dec
HSBCUp 0.10 - 0.20%2 and 3 Years Fixed Rate Home Loan (owner occupier), 2 and 3 Years Premier Fixed Rate Home Loan (owner occupier)14 Dec
Illawarra CUUp 0.10 - 0.45%Fixed Home Loan, Fixed Lite Home Loan (owner occupier + investor)10 Nov
IMBDown 0.35 - 0.85%Fixed Rate Home Loan (owner occupier) and Platinum Fixed Rate Home Loan (owner occupier)9 Dec
ING DIRECTUp 0.10 - 0.40%Fixed Rate Home Loan (owner occupier + investor)25 Nov
Loans.com.auUp 0.13%Fixed Home Loan (owner occupier + investor)9 Nov
Macquarie BankUp 0.15 - 0.50%Basic Flyer Fixed Rate Home Loan (owner occupier + investor), Basic Fixed Rate Home Loan (owner occupier + investor)2 Dec
ME BankUp 0.10 - 0.15%2 Years Fixed Rate Home Loan (owner occupier), 2 Years Fixed Rate Home Loan with Members Package (owner occupier), 3 Years Fixed Home Loan (owner occupier + investor), 3 Years Fixed Rate Home Loan with Members Package (owner occupier + investor)23 Nov
ME BankUp 0.10 - 0.15%3 Years Flexible Home Loan Fixed Rate (investor), 2 and 3 Years Flexible Home Loan Fixed Rate (owner occupier), 3 Years Flexible Home Loan Fixed Rate with Members Package (investor), 2 and 3 Years Flexible Home Loan Fixed Rate with Members Package (owner occupier)15 Dec
ME BankDown 0.10%1 Year Flexible Home Loan Fixed Rate (owner occupier + investor), 1 Year Flexible Home Loan Fixed Rate with Members Package (owner occupier + investor), 1 Year Flexible Home Loan Fixed Interest in Advance with Members Package (investor), 1 Year Flexible Home Loan Fixed Interest in Advance (investor)15 Dec
MyState FinancialUp 0.20%2 and 3 Years Fixed Rate Home Loan (LVR <=80% owner occupier) and 5 Years Fixed Rate Home Loan (LVR >80% owner occupier)7 Dec
MyState FinancialDown 0.20%5 Years Fixed Rate Home Loan (LVR <=80% owner occupier)7 Dec
Newcastle Permanent Building SocietyUp 0.15%4 and 5 Years Fixed Rate Home Loan (owner occupier + investor)1 Dec
Newcastle Permanent Building SocietyUp 0.20 - 0.44%Fixed Rate Home Loan (owner occupier and investor)5 Dec
Newcastle Permanent Building SocietyUp 0.41 - 0.51%4 and 5 Years Fixed Rate Home Loan (owner occupier + investor)7 Dec
Newcastle Permanent Building SocietyUp 0.10 - 0.25%2 and 3 Years Fixed Rate Home Loan (owner occupier + investor)12 Dec
Northern Inland Credit UnionUp 0.10%4 and 5 Years Smart Fixed Rate Home Loan (owner occupier + investor) and 1, 2 and 3 Years Smart Home Loan Honeymoon Rate (owner occupier + investor)8 Dec
People's Choice Credit UnionUp 0.05 - 0.30%2, 3, 4 and 5 Years Fixed Rate Home Loan (owner occupier), 2, 3, 4 and 5 Years Fixed Rate Home Loan Package (owner occupier), 3 Years Fixed Rate Home Loan Package First Home Owner Special Offer (owner occupier)14 Dec
People's Choice Credit UnionDown 0.20%1 Year Fixed Rate Home Loan (owner occupier), 1 Year Fixed Rate Home Loan Package (owner occupier)14 Dec
Police Credit UnionUp 0.25%3 Years Fixed Rate Home Loan3 Dec
P&N BankUp 0.10%Fixed Rate Home Loan11 Nov
Qudos BankUp 0.45 - 0.60%Fixed Rate Investment Home Loan28 Nov
Qudos BankUp 0.05 - 0.40% 3, 4, nd 5 Years Fixed Rate Home Loan (owner occupier) and 4 and 5 Years Fixed Rate Investment Home Loan15 Dec
Queensland Country Credit UnionDown 0.20%3 Years Fixed Rate Home Loan7 Dec
RAMSUp 0.25 - 0.40%2, 3 and 5 Years Fixed Rate Home Loan (owner occupier + investor), 2, 3 and 5 Years Fixed Rate Self-Employed Home Loan (owner occupier + investor)28 Nov
Teachers Mutual BankUp 0.25 - 0.30%4 and 5 Years Fixed Rate Home Loan (owner occupier + investor)28 Nov
The Rock Building SocietyUp 0.20%2 and 3 Years Standard Fixed Rate (<=80% LVR)8 Dec
St.GeorgeUp 0.24 - 0.60%2, 3 and 5 Years Fixed Rate Home Loan, Fixed Rate Advantage Package Home Loan (owner occupier + investor), 2, 3 and 5 Years Fixed Rate Portfolio Home Loan, 3 and 5 Years Fixed Rate Low Doc Home Loan (owner occupier + investor)28 Nov
SuncorpUp 0.15%2 and 3 Years Fixed Rate Home Loan (investor), 2 and 3 Years Fixed Rate Home Loan with Package Plus (investor), 3 Year Interest in Advance25 Nov
SuncorpDown 0.35 - 0.40%1 and 5 Years Fixed Rate Home Loan (owner occupier + investor), 1 and 5 Years Fixed Rate Home Package Plus Home Loan (owner occupier + investor), 1 and 5 Years Interest in Advance Home Loan25 Nov
SuncorpUp 0.05 - 0.10%2 and 3 Years Fixed Rate Home Loan (owner occupier + investor), 2 and 3 Years Fixed Rate Home Loan with Package Plus (owner occupier + investor), Interest in Advance Home Loan 3 Years Interest in Advance13 Dec
Victoria Teachers Mutual BankDown 0.25%Standard Fixed Rate Home Loan (investor), Complete Fixed Rate Home Loan (investor) + Education Package Fixed Rate Home Loan (investor) 2 Dec
Victoria Teachers Mutual BankUp 0.25%Standard Fixed Rate Home Loan (investor), Complete Fixed Rate Home Loan (investor) + Education Package Fixed Rate Home Loan (investor) 12 Dec
WAW Credit UnionUp 0.25 - 0.45%2 and 3 Years Fixed Rate Home Loan (owner occupier + investor)19 Dec
WAW Credit UnionDown 0.25%1 Year Fixed Rate Home Loan (owner occupier + investor)19 Dec
Yellow Brick RoadUp 0.15 - 0.40%Fixed Rate Empower Home Loan (principal & interest, interest only, owner occupier + investor), Fixed Rate Empower Package Home Loan (principal & interest, interest only, owner occupier + investor)6 Dec
LenderChangeLoans affectedDate effective
Adelaide BankUp 0.10%SmartDoc Home Loan (owner occupier + investor), SmartDoc Plus Home Loan (owner occupier + investor), SmartSaver (owner occupier + investor), SmartFit Home Loan (owner occupier + investor)15 Dec
BankSAUp 0.08 - 0.43%Basic Home Loan (interest only owner occupier + investor), Standard Variable Home Loan (interest only owner occupier + investor), Super Fund Home Loan (investor), Low Doc Home Loan (owner occupier + investor), Portfolio Home Loan (investors)16 Dec
BankVicDown 0.10 - 0.20%Introductory 2 Years Variable Rate + Base Variable Home Loan (owner occupier)14 Nov
Bank of MelbourneUp 0.08 - 0.43%Basic Home Loan (promotional rate investor interest only), Standard Variable Home Loan (interest only owner occupier + investor), Super Fund Variable Home Loan (interest only + principal and interest), Low Doc Portfolio Variable Home Loan16 Dec
Bank of QueenslandUp 0.20%Standard and Home Loan Privileges Package (owner occupier + investor)16 Nov
Bank of SydneyUp 0.10 - 0.15%Expect More Package Loan (PAYG owner occupier, PAYG Investment and variable)18 Nov
Bendigo BankUp 0.10%Low Doc Variable Rate Home Loan, Basic Variable Home Loan (owner occupier + investor), Connect Package Home Loan (owner occupier + investor), Residential Variable Home Loan (owner occupier + investor), Green Generation Home Loan (owner occupier + investor), Home Equity Home Loan (owner occupier + investor), Low Doc Interest Only Term Loan, Interest Only Term Loan Variable, Investment Interest Only Home Loan15 Dec
Beyond BankDown 0.24%Building Home Loan16 Nov
Commonwealth BankUp 0.07 - 0.15%Viridian Line of Credit Home Loan (package + variable), Standard Variable Home Loan (investor), Standard Variable Home Loan with Wealth Package (investor), No Fee Variable Rate Home Loan (investor), Introductory Home Loan 12 Month Discounted Variable Rate (investor), Extra Home Loan (2 year introductory rate investor + variable investor), Economiser Discounted Base Variable Home Loan (3 year special economiser rate saver investor + economiser base variable investor)16 Dec
Homeloans.com.auDown 0.10%Accelerate Prime Lo Doc Home Loan30 Nov
Hunter UnitedDown 0.17%Green Home Loan1 Dec
Illawarra Home LoansDown 0.15%Bank Beater Variable Home Loan (owner occupier)9 Nov
ING DIRECTUp 0.15%Orange Advantage Loan (owner occupier + investor), Mortgage Simplifier Home Loan (owner occupier + investor)12 Dec
Intech Credit UnionDown 0.15%Classice Home Loan, ICT Home Loan, Interest Only Mortgage, Mortgage Master and Standard Variable22 Nov
loans.com.auDown 0.02 - 0.22%Offset Variable (owner occupier + investor)9 Nov
Liberty FinancialUp 0.10%Sharp Home Loan (owner occupier + investor) and Star Home Loan (owner occupier + investor)22 Nov
ME BankDown 0.39%Flexible Home Loan with Members Package (LVR >90% $150k - $399,999)23 Nov
ME BankUp 0.05 - 0.10%Flexible Home Loan with Members Package LVR <=80% ($400k to $699,999 and $700k+ owner occupier)23 Nov
MyState FinancialUp 0.10%Standard Variable Home Loan (owner occupier) and Special Residential Home Loan (owner occupier + investor)7 Dec
Pepper MoneyUp 0.50 - 1.35%Essential Alt Doc Home Loan5 Dec
Qudos BankDown 0.45 - 0.50%Qantas Points Home Loan Package and Low Cost Home Loan Package (investor)28 Nov
RAMSDown 0.25%Full Feature Home Loan (owner occupier)28 Nov
RAMSUp 0.10%Line of Credit Value Advantage Package (LVR <=80%)7 Dec
RAMSDown 0.10%Line of Credit Value Advantage Package (LVR >80%)7 Dec
St.GeorgeUp 0.08 - 0.43%Basic Home Loan (owner occupier + investor interest only), Standard Variable Home Loan (owner occupier + investor interest only), Super Fund Variable Home Loan (investor interest only and principal & interest), Low Doc Variable Home Loan (investors interest only), Portfolio Home Loan16 Dec
SuncorpUp 0.15 - 0.31%Home Package Plus Home Loan (investor), Home Package Plus Access Equity (investor), Access Equity Line of Credit, Standard Variable Rate (investor), Back to Basics Home Loan (investor), Back to Basics Better Together Special Offer (investor)13 Dec
UBankUp 0.10%UHomeLoan Variable Rate (owner occupier + investor)2 Dec
Victoria Teachers Mutual BankDown 0.05%Equity Line of Credit2 Dec
Victoria Teachers Mutual BankDown 0.20%Education Package Home Loan - First Home Buyer (investor), Education Package Home Loan - Variable (investor)2 Dec

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WRITTEN BY

Jodie Humphries

Posted: 6 December 2016

NEWS

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