There was relatively subdued activity on the home loan rate markets this week with the cash rate kept on hold at 0.75% earlier this month.

Among the few lenders adjusting interest rates this week were Commonwealth Bank, CUA, and MacArthur Credit Union (The Mac), with cuts to fixed rates observed across owner-occupier and investor loans.

For context, the table below displays some of the lowest-rate variable home loans currently 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
More home loans
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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Commonwealth Bank

Commonwealth Bank made interest cuts of up to 50 basis points to a range of fixed-rate terms across owner-occupier and investment loans – both package and non-package.

Owner-occupier

  • Residential Fixed IO 1 yr: 10 basis point cut to 3.94% p.a. (4.86% p.a. comparison rate*)
  • Residential Fixed P&I 1 yr: 30 basis point cut to 3.14% p.a. (4.79% p.a. comparison rate*)
  • Residential Fixed P&I 4 yrs: 30 basis point cut to 3.34% p.a. (4.45% p.a. comparison rate*)
  • Residential Fixed P&I 5 yrs: 30 basis point cut to 3.34% p.a. (4.35% p.a. comparison rate*)

Wealth Package Residential

  • Residential Fixed P&I 1 yr 150k+: 30 basis point cut to 2.99% p.a. (4.59% p.a. comparison rate*)
  • Residential Fixed P&I 4 yrs 150k+: 30 basis point cut to 3.19% p.a. (4.34% p.a. comparison rate*)
  • Residential Fixed P&I 5 yrs 150k+: 30 basis point cut to 3.19% p.a. (4.26% p.a. comparison rate*)

Investment

  • Investment Fixed IO 1 yr: 50 basis point cut to 3.54% p.a. (5.34% p.a. comparison rate*)
  • Investment Fixed IO 2 yrs: 40 basis point cut to 3.54% p.a. (5.18% p.a. comparison rate*)
  • Investment Fixed IO 3 yrs: 40 basis point cut to 3.54% p.a. (5.03% p.a. comparison rate*)
  • Investment Fixed IO 4 yrs: 50 basis point cut to 3.64% p.a. (4.93% p.a. comparison rate*)
  • Investment Fixed IO 5 yrs: 50 basis point cut to 3.64% p.a. (4.82% p.a. comparison rate*
  • Investment Fixed P&I 1 yr: 45 basis point cut to 3.34% p.a. (5.32% p.a. comparison rate*)
  • Investment Fixed P&I 2 yrs: 25 basis point cut to 3.34% p.a. (5.14% p.a. comparison rate*)
  • Investment Fixed P&I 3 yrs: 45 basis point cut to 3.34% p.a. (4.97% p.a. comparison rate*)
  • Investment Fixed P&I 4 yrs: 35 basis point cut to 3.44% p.a. (4.85% p.a. comparison rate*)
  • Investment Fixed P&I 5 yrs: 35 basis point cut to 3.44% p.a. (4.72% p.a. comparison rate*)

Wealth Package Investment

  • Investment Fixed IO 1 yr 150k+: 50 basis point cut to 3.39% p.a. (5.13% p.a. comparison rate*)
  • Investment Fixed IO 2 yrs 150k+: 40 basis point cut to 3.39% p.a. (4.99% p.a. comparison rate*)
  • Investment Fixed IO 3 yrs 150k+: 40 basis point cut to 3.39% p.a. (4.87% p.a. comparison rate*)
  • Investment Fixed IO 4 yrs 150k+: 50 basis point cut to 3.49% p.a. (4.79% p.a. comparison rate*)
  • Investment Fixed IO 5 yrs 150k+: 50 basis point cut to 3.49% p.a. (4.69% p.a. comparison rate*)
  • Investment Fixed P&I 1 yr 150k+: 45 basis point cut to 3.19% p.a. (5.12% p.a. comparison rate*)
  • Investment Fixed P&I 2 yrs 150k+: 25 basis point cut to 3.19% p.a. (4.97% p.a. comparison rate*)
  • Investment Fixed P&I 3 yrs 150k+: 45 basis point cuts to 3.19% p.a. (4.83% p.a. comparison rate*)
  • Investment Fixed P&I 4 yrs 150k+: 35 basis point cut to 3.29% p.a. (4.74% p.a. comparison rate*)
  • Investment Fixed P&I 5 yrs 150k+: 35 basis point cut to 3.29% p.a. (4.63% p.a. comparison rate*)

CUA

CUA made rate cuts of up to 36 basis points to three of its 3-year fixed rate home loans.

Notably, the credit union cut its rate for owner-occupiers paying principal and interest to a competitive 3-year fixed rate of 2.84% p.a. (4.26% p.a. comparison rate*)

  • 3 Year Fixed Owner Occupier P&I: 14 basis point cut to 2.84% p.a. (4.26% p.a. comparison rate*)
  • 3 Year Fixed Investor IO: 36 basis point cut to 3.34% p.a. (4.79% p.a. comparison rate*)
  • 3 Year Fixed Investor P&I: 36 basis point cut to 3.14% p.a. (4.73% p.a. comparison rate*)

MacArthur Credit Union

The Mac cut fixed-rates across 1-year, 2-year and 3-year terms for owner occupiers and investors, with its 3-year fixed rates getting the biggest cut of 50 basis points:

  • Standard Fixed 1 Year: 20 basis point cut to 3.49% p.a. (3.99% p.a. comparison rate*)
  • Standard Fixed 2 Year: 20 basis point cut to 2.99% p.a. (3.86% p.a. comparison rate*)
  • Standard Fixed 3 Year: 50 basis point cut to 3.09% p.a. (3.80% p.a. comparison rate*)
  • Investor Standard Fixed 1 Year: 20 basis point cut to 3.79% p.a. (4.73% p.a. comparison rate*)
  • Investor Standard Fixed 2 Years: 20 basis point cut to 3.79% p.a. (4.64% p.a. comparison rate*)
  • Investor Standard Fixed 3 Years: 50 basis point cut to 3.79 p.a. (4.56% p.a. comparison rate*)