In: Interest Rates

As of the 23rd of October 2017, the following rate changes will take place.

  • 2 Year Residential Investment Principal & Interest – reduced by 0.20%p.a.
  • Basic Owner Occupier Principal & Interest Promotional Rate – reduced by 0.02%p.a.

Fixed Rate Changes effective Monday 23 October 2017

Residential Investment# Standard Fixed Rate (Principal and Interest)

Standard Fixed Rate 1yr 2yr 3yr 4yr 5yr
Old Rate (% p.a.) 4.34% 4.34% 4.34% 4.74% 4.74%
Change 0.00% -0.20% 0.00% 0.00% 0.00%
New Rate (% p.a.) 4.34% 4.14% 4.34% 4.74% 4.74%
Comparison Rate* (% p.a.) 5.80% 5.63% 5.55% 5.58% 5.50%
New Rate (% p.a.) Advantage Package1 Rate 4.19% 3.99% 4.19% 4.59% 4.59%
Comparison Rate* (% p.a.) 5.56% 5.42% 5.37% 5.42% 5.37%

Basic Promotional Rate Changes effective Monday 23 October 2017

Owner Occupier^ Basic Promotional Home Loan

Repayment Type Principal and Interest Interest Only
Old Rate (% p.a.) 3.80% 5.23%
Change -0.02% 0.00%
New Rate (% p.a.) 3.78% 5.23%
Comparison Rate* (% p.a.) 3.79% 5.28%