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CommBank rolled out another set of hikes for its fixed rates after making two adjustments over the past month.
The bank’s latest move covers residential and investment fixed rates, with increases of up to 25bps. Here are some of the biggest changes:
|
CommBank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Residential Fixed P&I 3 yrs |
+15bps |
3.29% p.a. |
4.36% p.a. |
|
Residential Fixed P&I 4 yrs |
+25bps |
3.49% p.a. |
4.34% p.a. |
|
Investment Fixed P&I 4 yrs |
+15bps |
3.69% p.a. |
4.78% p.a. |
|
Investment Fixed P&I 5 yrs |
+20bps |
3.84% p.a. |
4.74% p.a. |
Fixed rates under the Wealth Package product for both owner-occupiers and investors were also raised, with the four-year term still getting the biggest hikes.
Other banks below also adjusted their rates over the past week.
Credit Union SA
Credit Union SA increased its owner-occupier and investor fixed rates under its special offer package. Below are the most significant changes
|
Credit Union SA Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Fixed Home Loan Package P&I 3 yrs Special Offer |
+25bps |
2.59% p.a. |
3.53% p.a |
|
Fixed Home Loan Package P&I 5 yrs Special Offer |
+25bps |
2.84% p.a. |
3.53% p.a |
|
Investment Fixed Home Loan Package P&I 3 yrs Special Offer |
+25bps |
2.84% p.a. |
4.10% p.a. |
|
Investment Fixed Home Loan Package P&I 5 yrs Special Offer |
+25bps |
3.00% p.a. |
3.85% p.a. |
Horizon Bank
Horizon Bank increased its fixed rates while cutting its variable rates. The changes apply to both owner-occupiers and investors.
|
Horizon Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Home Sweet Home Loan |
-40bps |
2.59% p.a. |
2.74% p.a. |
|
Investment Home Sweet Home Loan |
-40bps |
2.84% p.a. |
2.98% p.a. |
|
Fixed Rate Home Loan 3 yrs |
+30bps |
2.89% p.a. |
2.71% p.a. |
|
Fixed Rate Home Loan 5 yrs |
+40bps |
3.59% p.a. |
3.03% p.a. |
Great Southern Bank
Great Southern Bank makes another round of fixed rate hikes, this time targeted IO loans and fixed terms of three and five years. These are the most significant changes:
|
Great Southern Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Fixed IO 3 yrs |
+25bps |
3.04% p.a. |
3.62% p.a. |
|
Fixed P&I 3 yrs |
+25bps |
2.84% p.a. |
3.57% p.a. |
|
Investment Fixed IO 3 yrs |
+25bps |
3.24% p.a. |
3.99% p.a. |
|
Investment Fixed P&I 3 yrs |
+25bps |
2.94% p.a. |
3.91% p.a. |
ME Bank
ME Bank increased its fixed rates under its Member Package and Flexible Home Loan products. Below are the biggest changes:
|
ME Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Flexible Fixed OO 1 yr P&I |
+20bps |
2.64% p.a. |
4.18% p.a. (≤80%LVR) |
|
Inv Flexible Fixed 1 yr P&I |
+20bps |
2.84% p.a. |
4.88% p.a. (≤80%LVR) |
|
Member Package Flexible Fixed OO 3 yrs P&I |
+15bps |
2.69% p.a. |
3.07% p.a. (≤80%LVR) |
|
Member Package Inv Flexible Fixed 3 yrs P&I |
+20bps |
2.99% p.a. |
3.65% p.a. (≤80%LVR) |
*OO – owner-occupier
Gateway Bank
Gateway Bank made several of the biggest increases in fixed rates over the past week.
|
Gateway Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Residential Fixed 3 yrs |
+60bps |
2.99% p.a. |
4.11% p.a. |
|
Premium Residential Fixed 5 yrs 150k+ |
+55bps |
3.39% p.a. |
3.63% p.a. |
|
Premium Investment Fixed 3 yrs 150k+ |
+62bps |
3.09% p.a. |
3.80% p.a. |
|
Premium Investment Fixed 5 yrs 150k+ |
+41bps |
3.49% p.a. |
3.88% p.a. |
TicToc
TicToc increased its standard fixed rates, covering investor and owner-occupier loans.
Interestingly, it also slashed its four- and five-year fixed rates for investors on an interest-only repayment basis.
|
TicToc Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Investment Fixed P&I 3 yrs |
+25bps |
2.60% p.a. |
2.79% p.a. |
|
Live-in Fixed P&I 3 yrs |
+25bps |
2.59% p.a. |
2.09% p.a. |
|
Investment Fixed IO 4 yrs |
-2bps |
3.22% p.a. |
2.97% p.a. |
|
Investment Fixed IO 5 yrs |
-12bps |
3.32% p.a. |
3.03% p.a. |
—
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Collections: Mortgage News Interest Rates
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