02 August 2016
Category: Latest news
Tags: Residential

New mortgage rates from lenders in response to August cash rate announcement: Special Report

Lender rate (SVR) movements in response to the August RBA cash rate announcement

Listed below are the changes in the lender Standard Variable Rate (SVR) for a selection of lenders on the Naritas lender panel.


Lenders (alphabetically listed) Change Date Effective
Adelaide Bank -0.10% 29 August 2016
AFM -0.10% 19 August 2016
AMP -0.10% 22 August 2016
ANZ -0.12% 12 August 2016
Auswide Bank -0.10% 26 August 2016
Australian Military Bank -0.10% 1 September 2016
Bank Australia -0.25% 5 August 2016
Bank of Melbourne -0.13% 23 August 2016
Bank of Queensland -0.15% 31 August 2016
Bank of Sydney -0.25% 3 August 2016
bankSA -0.13% 23 August 2016
Bankwest -0.10% 23 August 2016
Beyond Bank -0.14% (O/O)

-0.10% (Inv)

16 August 2016
Bendigo Bank -0.10% 29 August 2016
Bluestone  TBA  TBA
Citibank -0.15%  23 August 2016
Commonwealth Bank -0.13% 19 August 2016
Firstmac -0.13% 20 August 2016
Heritage Bank -0.10% 24 August 2016
Homeloans.com.au TBA TBA
Hunter United Credit Union -0.16% (Platinum)

-0.14% (Basic)

1 September 2016
ING DIRECT -0.12% (Orange Adv)

-0.10% (non Orange)

15 August 2016
La Trobe  TBA  TBA
Liberty Financial  TBA  TBA
Macquarie Bank -0.10%  8 August 2016

(new loans)

26 August 2016

(existing customers)

ME Bank -0.10% 23 August 2016
Mortgage Ezy -0.25% 4 August 2016
MyState Financial -0.10% 30 August 2016
NAB -0.10%  19 August 2016
Newcastle Permanent Building Society -0.10% 19 August 2016
People’s Choice Credit Union -0.13% 19 August 2016
Pepper -0.15% 29 August 2016
PLAN Lending -0.10% 19 August 2016
QANTAS CU (now Qudos Bank) -0.10%  22 August 2016
RAMS -0.10% 23 August 2016
RESI (now YBR) -0.14% 9 August 2016
St.George Bank -0.14% 23 August 2016
Suncorp -0.10% 24 August 2016
Virgin Money -0.25% (O/O)

-0.20% (Inv)

8 August 2016
Westpac -0.14% (P&I)

-0.10% (IO)

23 August 2016

NB: Figures listed above are current as of 16/08/2016. This table will be updated periodically until all lenders have announced their changes to SVR. Not all lenders adjusting product pricing uniformly for new business and existing customers. Similarly, pricing may vary between individual products and classifications of borrowers (for example owner occupier vs. investment loan purposes).

Looking to refinance?

We have variable rates starting at 3.54%p.a. (CR 3.55%p.a.) that come with a $1500 settlement rebate. To have a chat about your needs, make an enquiry using the form located here.



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