The past two weeks have seen all three of CommBank, NAB and Westpac raise fixed home loan rates in the wake of key RBA decisions and current inflation data. 

For ANZ, the largest increases applied to a number of three to five year loans for both owner occupiers and investors. 

Across ANZ's home loan portfolio, for owner occupiers some of these increases included: 

  • Breakfree Residential Fixed 3 Years ≤80%: 40 basis point increase to 3.39% p.a. (3.52% p.a. comparison rate*)
  • Breakfree Residential Fixed 3 Years 80-90%: 40 basis point increase to 3.44% p.a. (3.68% p.a. comparison rate*)
  • Breakfree Residential Fixed 4 Years ≤80%: 40 basis point increase to 3.79% p.a. (3.68% p.a. comparison rate*)
  • Breakfree Residential Fixed 4 Years 80-90%: 40 basis point increase to 3.84% p.a. (3.83% p.a. comparison rate*)

Similarly for investors, some of these increases included:

  • Breakfree Investment Fixed IO 4 Years 80-90%: 20 basis point increase to 4.14% p.a. (4.28% p.a. comparison rate*)
  • Breakfree Investment Fixed IO 5 Years 80-90%: 20 basis point increase to 4.34% p.a. (4.37% p.a. comparison rate*)
  • Investment Fixed IO 4 Years ≤80%: 20 basis point increase to 4.24% p.a. (4.77% p.a. comparison rate*)
  • Investment Fixed IO 5 Years ≤80%: 20 basis point increase to 4.44% p.a. (4.80% p.a. comparison rate*)
  • Investment Fixed 3 Years ≤80%: 30 basis point increase to 3.74% p.a. (4.72% p.a. comparison rate*)
  • Investment Fixed 4 yrs ≤80%: 40 basis point increase to 4.14% p.a. (4.77% p.a. comparison rate*)

A year ago, the four year fixed rate for residential loans had an interest rate of 2.14% p.a. (3.89% p.a. comparison rate*).

An ANZ-Property Council survey released late last year revealed 60% of firms expect higher interest rates to continue over the next 12 months. 

Further, ANZ-Property Council data noted a net balance of 15% now expect finance to be more difficult to obtain for Australians seeking to enter the property market.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
90%
Featured 4.6 Star Customer Ratings
  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
5.99% p.a.
5.90% p.a.
$2,396
Principal & Interest
Variable
$0
$0
80%
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
$2,434
Principal & Interest
Variable
$0
$250
60%
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.





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