ANZ has recently made some changes to its fixed and variable rates, despite the rate-hike pause this month.
ANZ followed CommBank’s move in raising the three-year fixed rates for both owner-occupiers and investors. Here are the changes:
|
ANZ Fixed-Rate Product |
Change |
Advertised Rate (p.a) |
Comparison Rate (p.a.) |
|
Residential Fixed 3 yrs ≤80% |
-60 bps |
5.49% |
6.21% |
|
Residential Fixed 3 yrs 80-90% |
-60 bps |
5.54% |
6.37% |
|
Residential Fixed IO 3 yrs ≤80% |
-50 bps |
5.69% |
6.27% |
|
Residential Fixed IO 3 yrs 80-90% |
-50 bps |
5.74% |
6.43% |
|
Investment Fixed 3 yrs ≤80% |
-50 bps |
5.69% |
6.69% |
|
Investment Fixed 3 yrs 80-90% |
-50 bps |
5.74% |
6.85% |
|
Investment Fixed IO 3 yrs ≤80% |
-50 bps |
5.79% |
6.73% |
|
Investment Fixed IO 3 yrs 80-90% |
-50 bps |
5.84% |
6.88% |
These recent moves by CommBank and ANZ are expected to compel NAB and Westpac to start cutting their three-year fixed rates soon.
Meanwhile, ANZ raised its special-offer variable rates under the Simplicity Plus product line by 10 basis points. The changes apply to both owner-occupiers and investors.
Here are the updated variable rates under ANZ’s Simplicity Plus offer:
|
ANZ Simplicity Plus Product |
Advertised Rate (p.a.) |
Comparison Rate (p.a.) |
|
Owner-Occupier P&I <60% Special Offer |
5.54% |
5.55% |
|
Owner-Occupier P&I <70% Special Offer |
5.59% |
5.60% |
|
Owner-Occupier P&I 70-80% Special Offer |
5.69% |
5.70% |
|
Investment P&I <60% Special Offer |
5.74% |
5.75% |
|
Investment P&I <70% Special Offer |
5.79% |
5.80% |
|
Investment P&I 70-80% Special Offer |
5.89% |
5.90% |
|
Investment IO <60% Special Offer |
6.09% |
5.89% |
|
Investment IO <70% Special Offer |
6.14% |
5.94% |
|
Investment IO 70-80% Special Offer |
6.24% |
6.04% |
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.
| Lender | Home Loan | Interest 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 | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.29% p.a. | 5.33% p.a. | $2,773 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.19% p.a. | 5.10% p.a. | $2,742 | Principal & Interest | Variable | $0 | $0 | 80% |
| Disclosure | |||||||||||
5.39% p.a. | 5.43% p.a. | $2,805 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure |
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Photo by April Benjamin
Collections: Mortgage News Interest Rates ANZ Posts Collection
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