Fixed interest rates were increased by between 10 basis points (0.10%), and 21 basis points (0.21%).

This increase follows on from the previous increase of 10 basis points on 19 October, as well as increases in April, June and August this year.

Across Westpac’s home loan portfolio, ‘Fixed Options', 'Investment Fixed’ and 'Premier Advantage' products for owner occupiers and investors were increased. 

Some of Westpac’s changes include:

  • Fixed Options P&I 3 Years 70%: Now 2.49% p.a. (4.10% p.a. comparison rate*)

  • Fixed Options P&I 3 Years 95%: Now 2.59% p.a. (4.20% p.a. comparison rate*)

  • Premier Advantage Fixed P&I 150k+ 3 Years 70%: Now 2.29% p.a. (3.38% p.a. comparison rate*)

  • Investment Fixed IO 3 Years 70%: Now 2.89% p.a. (4.79% p.a. comparison rate*)

Westpac subsidiaries St George, BankSA and Bank of Melbourne also made similar changes.

This comes just two days after the RBA left the cash rate unchanged at 0.10% for the 13th month in a row, but signalled it could raise it earlier than its initial 2024 guidance.

Bankwest also lifts fixed home loan rates

CommBank-owned Bankwest has increased a range of fixed home loan interest rates by between 15 and 72 basis points for fixed owner occupied and investment home loans.

The most significant rise saw Bankwest’s three year fixed rate for owner occupiers increased by 72 basis points to 2.99% p.a. (4.36% p.a. comparison rate*).

Further Bankwest rate changes across its home loan portfolio include:

  • Complete Home Loan Fixed Rate Owner Occupied P&I 5 Years 80%: Now 3.09% p.a. (4.01% p.a. comparison rate*)

  • Fixed Rate Owner Occupied P&I 3 Years 80-90%: Now 3.19% p.a. (4.41% p.a. comparison rate*)

  • Fixed Rate Investment P&I 3 Years 90%: Now 2.99% p.a. (4.82% 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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