Fixed interest rates were increased by 10 basis points (0.10%), following increases in August, June, and April this year, while Westpac also cut variable rates in September.

Westpac's changes come after CommBank made similar moves on Friday.

A wide array of Westpac's fixed 'Fixed Options' and 'Premier Advantage' products for owner occupiers were increased. 

Some of the more noteworthy changes include:

  • Premier Advantage P&I 2 Years 70%: Now 1.99% p.a. (3.40% p.a. comparison rate*)
  • Premier Advantage P&I 3 Years 70%: Now 2.08% p.a. (3.33% p.a. comparison rate*)
  • Fixed Options P&I 2 Years 70%: Now 2.19% p.a. (3.40% p.a. comparison rate*)
  • Fixed Options P&I 3 Years 70%: Now 2.28% p.a. (4.05% p.a. comparison rate*)

These rates are for new lending only, and apply for borrowers with a minimum 30% deposit - or 70% loan-to-value ratio (LVR), though 95% LVR loans were also increased.

Greater Bank also lifts fixed home loan rates

Challenger brand Greater Bank has increased a wide variety of fixed home loan interest rates by between 15 and 35 basis points, for both owner occupiers and investors.

The standard three year fixed rate for owner occupiers was increased by 35 basis points to 2.34% p.a. (3.54% p.a. comparison rate*)

A couple of the more noteworthy changes include:

  • Ultimate Fixed 3 Years: 15 basis point increase to 2.14% p.a. (3.03% p.a. comparison rate*)
  • Inv Ultimate Fixed 3 Years: 15 basis point increase to 2.34% p.a. (3.87% p.a. comparison rate*)

These home loans are for borrowers paying principal & interest.

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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.

Rates
Features
Fees
Other
Lender
VariableMore details
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase
  • Low rates for purchase and refinancing
  • Simple online application process
  • No fees, unlimited redraws, 0.10% offset
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase

loans.com.au – Variable Home Loan (LVR < 90%)

  • Low rates for purchase and refinancing
  • Simple online application process
  • No fees, unlimited redraws, 0.10% offset
More details
VariableMore details
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.
Refinance OnlyApply In Minutes

Unloan – Variable Rate Home Loan – Refinance Only

  • 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.
More details
VariableMore details
  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)

Up – Up Home Variable (Principal & Interest) (LVR ≤ 90)

  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)
More details
  • Low rates for purchase and refinancing
  • Simple online application process
  • No fees, unlimited redraws, 0.10% offset

More details
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 November 30, 2023. View disclaimer.

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