The decision to cut variable rate home loans for owner occupiers and investors by up to 25 basis points comes out of lockstep with the RBA's cash rate hikes and many other lenders' movements.

Macquarie has been aggressive with changes over the past month in a bid to capture a greater market share of customers, including the introduction of a 1.50% p.a. transaction account interest rate for new and existing customers. 

The changes made to the variable rate portfolio of Australia's fourth largest bank come prior to the RBA board meeting next week, with economists indicating the cash rate will rise once again by 50 basis points.

Key decreases across Macquarie's variable rate home loan portfolio for owner occupiers include:

  • Basic Variable Owner Occupied P&I 80%: 10 basis point decrease to 2.89% p.a. (2.89% p.a. comparison rate*)
  • Basic Variable Owner Occupied P&I 90%: 25 basis point decrease to 3.19% p.a. (3.19% p.a. comparison rate*)
  • Offset Variable Owner Occupied P&I 80%: 10 basis point decrease to 2.89% p.a. (3.16% p.a. comparison rate*)
  • Offset Variable Owner Occupied P&I 90%: 25 basis point decrease to 3.19% p.a. (3.45% p.a. comparison rate*)

For investors, key decreases across Macquarie's variable rate home loan portfolio include:

  • Basic Variable Investment P&I 80%: 10 basis point decrease to 3.14% p.a. (3.14% p.a. comparison rate*)
  • Basic Variable Investment P&I 90%: 10 basis point decrease to 3.90% p.a. (3.90% p.a. comparison rate*)
  • Offset Variable Investment P&I 80%: 10 basis point decrease to 3.14% p.a. (3.40% p.a. comparison rate*)
  • Offset Variable Investment P&I 90%: 10 basis point decrease to 3.90% p.a. (4.50% p.a. comparison rate*)

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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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