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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.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
70%
 Featured Online ExclusiveUp to $4k cashback
  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
5.99% p.a.
5.90% p.a.
$2,396
Principal & Interest
Variable
$0
$0
80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
$2,434
Principal & Interest
Variable
$0
$250
60%
  • Find out your loan eligibility in 2 minutes or less
  • Complete your application in less than 20 minutes
  • Low fees and fast approval times
5.95% p.a.
5.95% p.a.
$2,385
Principal & Interest
Variable
$0
$0
90%
5.94% p.a.
5.95% p.a.
$2,383
Principal & Interest
Variable
$0
$0
90%
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 .

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Photo by April Benjamin 

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