Lender Changes Following RBA Announcement

Existing mortgage rates where details have been confirmed as of 11 June 4pm.

Please note that where there is also reference to new rates dropping, please bear in mind that this is only the reference rate. It will take some time for new pricing to filter through in terms of new lending, especially special offers which are typically documented as a discount off the relevant SVR.

We expect that special offers, which is where the bulk of new business is written, will take some time to settle down.

ANZ Bank interest rate cut
Rate cut: 18 basis points (0.18%)
Applies to: All variable home loan rates for new and existing customers
Effective date: 14 June 2019

Commonwealth Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan rates for new and existing customers
Effective date: 25 June 2019

NAB interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 14 June 2019

Westpac interest rate cut
Rate cut:
20-35 basis points (0.20%-0.35%) O/O P&I 0.20%; O/O IO 0.20%, Inv P&I 0.20%; Inv IO 0.35%
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 18 June 2019

Macquarie interest rate cut (including our white label offerings)
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan interest rates for new and existing customers
Effective date: 7 June 2019 new, 21 June 2019 existing

Bank of Melbourne interest rate cut
Rate cut:
20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

BankSA interest rate cut
Rate cut:
20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable OO home loan IO (20 points), variable residential investment property loan P&I (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

BCU interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: variable OO home loans and variable investment home loans, available for new and existing customers
Effective date: 01 July 2019

Greater Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: "Variable base rate for Owner Occupied loans, Investment loans and Business loans"
Effective date: 11 June 2019

Newcastle Permanent interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: Standard variable home loans across owner occupier and investment products
Effective date: 17 June 2019

RAMS interest rate cut
Rate cut:
20-35 basis points (0.20-0.35%)
Applies to: variable home loan OO P&I (20 points), variable residential investment property loan P&I (20 points), variable home loan OO IO (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

St. George Bank interest rate cut
Rate cut:
20-35 basis points (0.20-0.35%)
Applies to: Variable OO home loan P&I (20 points), variable residential investment property loan P&I (20 points), variable OO home loan IO (20 points), and variable residential investment property loan IO (35 points)
Effective date: 18 June 2019

Suncorp Bank interest rate cut
Rate cut:
20 basis points (0.20%)
Applies to: Variable home loans, for owner occupiers and investors
Effective date: 21 June 2019

ING interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All new and existing customers with an ING variable rate home loan
Effective date: 25 June 2019

Virgin Money interest rate cut
Rate cut:
22 basis points (0.22%)
Applies to: Existing owner occupiers and investors
Effective date: 25 June 2019 (21 days after the RBA's decision)

AMP Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable rate home loans, for new and existing customers
Effective date: 21 June for new customers (17 days after RBA's decision), and 24 June for existing customers (20 days after RBA's decision)

Bankwest interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: Standard variable rate mortgages
Effective date: 25 June 2019 (21 days after RBA's decision)

Bendigo Bank interest rate cut
Rate cut:
15-20 basis points (0.15-0.20% points)
Applies to: All new and existing owner occupier and investor principal & interest loan customers (20 points), and interest-only variable term loans (15 points) 20 basis points (0.20%)
Effective date: 28 June 2019 (24 days after RBA's decision)

BOQ interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan rates with the exception of the Clear Path OO P&I home loan, which will drop by 15 (0.15%) basis points
Effective date: 25 June 2019 (21 days after RBA's decision)

Citi interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: Variable home loan rates
Effective date: 25 June 2019 (21 days after RBA's decision)

Defence Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable rate home loans
Effective date: 25 June 2019 (21 days after the RBA's decision)

Heritage Bank interest rate cut
Rate cut:
20 basis points (0.20%)
Applies to: Variable home loan rates
Effective date: 21 June 2019 (17 days after the RBA's decision)

HSBC interest rate cut
Rate cut:
22 basis points (0.22%)
Applies to: Variable home loan interest rates for owner occupier and investors
Effective date: 17 June 2019 (13 days after the RBA's decision)

ME Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan rates
Effective date: 27 June 2019 (23 days after the RBA's decision)

Pepper Money interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: Standard variable residential home loans
Effective date: 24 June 2019 (20 days after the RBA's decision)

UBank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: All variable home loan rates for new and existing customers
Effective date: 28 June 2019 (24 days after the RBA's decision)

CUA interest rate cut
Rate cut:
10-25 basis points (0.10-0.25%)
Applies to: Most CUA home loan products including the Standard Variable, Discount Variable and Fresh Start home loans (25 points), and the Accelerate and Balance variable home loan products (between 10 to 15 points).
Effective date: 18 June 2019 (14 days after the RBA's decision)

IMB Bank interest rate cut
Rate cut:
25 basis points (0.25%)
Applies to: Residential and business lending products
Effective date: 21 June 2019 (17 days after the RBA's decision)