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.

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Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • 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.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
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Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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