Rates Announcement – 24th November

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate on all Variable rates by 0.25%, all Fixed Rates, Owner occupiers, Investment, P&I and IO by 0.30%, 0.40% and 0.80% before 24th of November.

What’s Changing:

• All Variable Rate Home Loans

For new borrowers: Effective 24th November 2023, we will increase the interest rates for new variable home loan borrowers by 0.25%.

For existing borrowers: Effective 1st of December we will be increasing the interest rate for existing home loan borrowers (both Owner Occupier, P&I and IO) by 0.25% affecting repayments from 1st January 2023.

1-year fixed rate increase by 0.30%

2-year fixed rate increase by 0.30%

3-year fixed rate increase by 0.40%

5-year fixed rate increase by 0.80%

Please visit our Home Loan page and interest rate page to find out more.