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.
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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
Australian Military Bank interest rate rise
Australian Mutual Bank interest rate rise (pending)
Australian Unity 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)
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
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
Hume Bank interest rate rise (pending)
Loans.com.au interest rate rise
Macquarie 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)
RAMS interest rate rise (pending)
Reduce Home Loans interest rate rise (pending)
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)
Ubank interest rate rise (pending)
UniBank 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
- 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:
Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.04% p.a. | 6.06% p.a. | $2,408 | Principal & Interest | Variable | $0 | $530 | 90% | Featured 4.6 Star Customer Ratings |
| |||||||||
5.99% p.a. | 5.90% p.a. | $2,396 | Principal & Interest | Variable | $0 | $0 | 80% | Featured Apply In Minutes |
| |||||||||
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% |
|
To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:
- May 2023 rate hike
- March 2023 rate hike
- February 2023 rate hike
- December 2022 rate hike
- November 2022 rate hike
- October 2022 rate hike
- September 2022 rate hike
- August 2022 rate hike
- July 2022 rate hike
- June 2022 rate hike
- June 2022 rate hike
- November 2020 rate cut
- 19 March 2020 rate cut
- 3 March 2020 rate cut
- October 2019 rate cut
- July 2019 rate cut
- June 2019 rate cut
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