The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.10%. 

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this December 2022 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 6 December 2022.  

Keep updated.

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Key notes:

P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
Basis points explained: 1 basis point = 0.01%

Big-four home loan rate changes

ANZ

ANZ interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans 
  • Effective date: 16 December 2022
  • Announcement date: 06 December 2022

CommBank

CommBank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 06 December 2022

NAB

NAB interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 06 December 2022

Westpac

Westpac interest rate rise

  • December 2022 rate rise: 25 basis points 
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 6 December 2022

Other lenders' home loan rate changes

AMP interest rate rise 

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide Bank interest rate rise 

Bank Australia interest rate rise 

Bank of Melbourne interest rate rise

Bank of Queensland (BOQ) interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise 

BCU interest rate rise 

Bendigo Bank interest rate rise

Beyond Bank interest rate rise

Citi interest rate rise

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Gateway Bank interest rate rise (pending)

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise (pending)

Homestar Finance interest rate rise

Horizon Bank interest rate rise

HSBC interest rate rise

Hume Bank interest rate rise (pending)

IMB Bank interest rate rise

ING interest rate rise

Loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

Mortgage House interest rate rise (pending)

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise 

Nano interest rate rise

Newcastle Permanent interest rate rise 

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise

People's Choice interest rate rise

Police Credit Union interest rate rise (pending)

QBank interest rate rise (pending)

Qudos Bank interest rate rise 

RACQ Bank interest rate rise 

RAMS interest rate rise (pending)

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise (pending)

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp interest rate rise

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tic:Toc interest rate rise (pending)

Ubank interest rate rise (pending)

UniBank interest rate rise (pending)

Unloan interest rate rise (pending)

Virgin Money interest rate rise

Well home loans interest rate rise (pending)

Wlth interest rate rise (pending)

Yard interest rate rise (pending)


AMP interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022 for new customers, 19 December 2022 for existing customers
  • Announcement date: 08 December 2022

Athena interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 08 December 2022
  • Announcement date: 08 December 2022

Australian Military Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 12 December 2022

Australian Unity interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 15 December 2022

Auswide interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 08 December 2022

Bank Australia interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 09 December 2022

Bank of Melbourne interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 07 December 2022

Bank of Queensland interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 09 December 2022
  • Announcement date: 07 December 2022

Bank of Sydney interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 14 December 2022
  • Announcement date: 12 December 2022

Bankfirst interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 16 December 2022

BankSA interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 07 December 2022

BankVic interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 12 December 2022

Bankwest interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 07 December 2022

BCU interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 12 December 2022

Beyond Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 15 December 2022

Bendigo Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 09 December 2022

Citi interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 16 December 2022

Credit Union SA interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 14 December 2022
  • Announcement date: 14 December 2022

Defence Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 21 December 2022
  • Announcement date: 19 December 2022

G&C Mutual Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 January 2023
  • Announcement date: 12 December 2022

Great Southern Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 16 December 2022

Greater Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 12 December 2022
  • Announcement date: 12 December 2022

Heritage Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 19 December 2022
  • Announcement date: 19 December 2022

Homestar Finance interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 12 December 2022
  • Announcement date: 12 December 2022

Horizon Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 09 December 2022
  • Announcement date: 09 December 2022

HSBC interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 28 December 2022
  • Announcement date: 19 December 2022

ING interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 13 December 2022
  • Announcement date: 08 December 2022

IMB Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 12 December 2022

loans.com.au interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 09 December 2022
  • Announcement date: 09 December 2022

Macquarie Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 07 December 2022

ME Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 10 December 2022
  • Announcement date: 07 December 2022

MyState Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 19 December 2022
  • Announcement date: 14 December 2022

Nano interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 16 December 2022

Newcastle Permanent interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16 December 2022
  • Announcement date: 09 December 2022

P&N Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 12 December 2022

People's Choice interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 15 December 2022

Qudos Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 22 December 2022
  • Announcement date: 12 December 2022

RACQ Bank interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 24 January 2023
  • Announcement date: 09 December 2022

St George interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 20 December 2022
  • Announcement date: 07 December 2022

Suncorp interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 15 December 2022
  • Announcement date: 06 December 2022

Virgin Money interest rate rise

  • December 2022 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 09 December 2022
  • Announcement date: 07 December 2022

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Current low rate home loans

For quick reference: As things stand, these are some of the lowest-rate home loans Savings.com.au has found on the market:

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.
5.94% p.a.
5.95% p.a.
$2,383
Principal & Interest
Variable
$0
$0
90%
No hidden feesFree redraw facility
6.14% p.a.
6.16% p.a.
$2,434
Principal & Interest
Variable
$0
$350
60%
  • Estimate your borrowing power in as little as 1 minute
  • Complete your application in as little as 15 minutes
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.


    To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:





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