The Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points, taking it to 4.10%. 

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this June 2023 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 6 June 2023.  

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:

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16th June
  • Announcement date: 9th June

CommBank

CommBank interest rate rise:

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16th June
  • Announcement date: 9th June

NAB

NAB interest rate rise:

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable rate home loans
  • Effective date: 16th June
  • Announcement date: 9th June

Westpac

Westpac interest rate rise

  • June 2023 rate rise: 25 basis points
  • Applies to: New and existing variable rates
  • Effective date: 20 June
  • Announcement date: 6 June

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Mutual Bank interest rate rise (pending)

Australian Unity interest rate rise

Auswide 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 (pending)

BankSA interest rate rise (pending)

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 (pending)

Commonwealth Bank interest rate rise (pending)

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual 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

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

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise (pending)

Newcastle Permanent interest rate rise

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise (pending)

Peoples 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

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp Bank interest rate rise

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tic:Toc interest rate rise

Ubank interest rate rise (pending)

UniBank interest rate rise (pending)

Unloan interest rate rise

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

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 9th June for new customers, 12th June for existing
  • Announcement date: 8th June

Athena interest rate rise

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 9th June
  • Announcement date: 9th June

Australian Military Bank interest rate rise

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 20th June
  • Announcement date: 9th June

Australian Unity interest rate rise

  • June 2023 rate rise: 25 basis points
  • Applies to: Variable-rate home loans
  • Effective date: 15th June
  • Announcement date: 9th June

    Auswide interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 15th June
    • Announcement date: 8th June

    Bank Australia interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 22nd June
    • Announcement date: 9th June

    Bank of Melbourne interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 20th June
    • Announcement date: 13th June

    Bank of Queensland (BOQ) interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 16th June
    • Announcement date: 12th June

    Bank of Sydney interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 19th June
    • Announcement date: 19th June

    BankVic interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 20th June
    • Announcement date: 20th June

    Bankwest interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 16th June
    • Announcement date: 9th June

    BCU interest rate rise

    • June 2023 rate rise: 30 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 21st June
    • Announcement date: 20th June

    Bendigo Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 20th June
    • Announcement date: 9th June

    Beyond Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 20th June
    • Announcement date: 20th June

    Credit Union SA interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 15th June
    • Announcement date: 9th June

    Defence Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 20th June
    • Announcement date: 20th June

    Great Southern Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable-rate home loans
    • Effective date: 15th June
    • Announcement date: 12th June

    G&C Mutual interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 16th June
    • Announcement date: 16th June

    Greater Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 16th June
    • Announcement date: 9th June

    Heritage Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 22nd June
    • Announcement date: 22nd June

    Homestar Finance interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 8th June
    • Announcement date: 8th June

    Horizon Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 8th June
    • Announcement date: 8th June

    homeloans.com.au interest rate rise

    • June 2023 rate rise: 35 basis points
    • Applies to: Variable rate home loans
    • Effective date: 20th June
    • Announcement date: 20th June

    HSBC interest rate rise

    • June 2023 rate rise: 45 basis points
    • Applies to: Variable rate home loans
    • Effective date: 26th June
    • Announcement date: 26th June

    IMB Bank interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 20th June
    • Announcement date: 20th June

    ING interest rate rise

    • June 2023 rate rise: 25 basis points
    • Applies to: Variable rate home loans
    • Effective date: 14th June
    • Announcement date: 9th June

      Loans.com.au interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 9th June
      • Announcement date: 9th June

      Macquarie interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 23rd June
      • Announcement date: 9th June

      ME Bank interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 23rd June
      • Announcement date: 9th June

      Mortgage House interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 9th June
      • Announcement date: 9th June

      Newcastle Permanent interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 16th June
      • Announcement date: 9th June

      People's Choice interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 22nd June
      • Announcement date: 20th June

      Qudos interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 22nd June
      • Announcement date: 13th June

      RACQ interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 20th June
      • Announcement date: 12th June

      Resimac interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 20th June
      • Announcement date: 16th June

      St George interest rate rise

      • June 2023 rate rise: 25 basis points
      • Applies to: Variable rate home loans
      • Effective date: 20th June
      • Announcement date: 13th June

        Suncorp interest rate rise

        • June 2023 rate rise: 25 basis points
        • Applies to: Variable rate home loans
        • Effective date: 16th June
        • Announcement date: 9th June

        Tic Toc interest rate rise

        • June 2023 rate rise: 35 basis points for existing customers
        • Applies to: Variable rate home loans
        • Effective date: 26th June
        • Announcement date: 21st June

        Unloan interest rate rise

        • June 2023 rate rise: 25 basis points
        • Applies to: Variable rate home loans
        • Effective date: 27th June
        • Announcement date: 26th June

        Virgin Money interest rate rise

        • June 2023 rate rise: 25 basis points
        • Applies to: Variable rate home loans
        • Effective date: 16th June
        • Announcement date: 12th June

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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%
        4.6 Star Customer Ratings
        5.99% p.a.
        5.90% p.a.
        $2,396
        Principal & Interest
        Variable
        $0
        $0
        80%
        Featured Refinance OnlyApply 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
        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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