CommBank's Bankwest & ANZ's Suncorp hike fixed home loan rates

Fixed mortgage rates are piling up, with more than a dozen lenders lifting their fixed offerings over the past month, and Bankwest and Suncorp joining the fray this week. 

That, along with two back-to-back inflation shocks and stagnation in the still-tight jobs market, suggests next week's RBA meeting will most likely be a non-event.

Alas, more and more economists are locking in predictions that 2025's three RBA cash rate cuts will be the last we'll see for some time.

ANZ's economics team joined the bandwagon this week, scrapping predictions of a February rate cut in favour of its new forecast - that the cash rate will remain at 3.60% for the foreseeable future.

That leaves Westpac the lone big four bank forecasting 2026 rate cuts - it's tipping the central bank to cut the cash rate by 25 basis points in both May and August.

And on that, here are this week's fixed home loan rate moves from the two big four bank subsidiaries.

Bankwest hikes fixed mortgage rates by up to 35bp

Just as CommBank rolled back its 4.99% p.a. fixed rate offering last week, its Western Australia-based subsidiary Bankwest has done the same this week.

However, unlike CommBank's special offer, Bankwest's change was the result of a 35 basis point hike.

The lowest fixed rate in the bank's lineup is now 5.34% p.a. (7.72% p.a. comparison rate*).

That's available to eligible owner-occupiers with loan-to-value ratios (LVRs) of 80% or less fixing their rate for two years.

Here's a rundown of the new rates available to owner-occupiers on Bankwest's basic fixed rate home loan product:

Fixed period	LVR	Change	New rate	Comp rate*
One year	≤80%	+20bp	5.59%	8.02%
	80-90%	+20bp	5.99%	8.06%
	90-95%	+20bp	6.39%	8.11%
Two years	≤80%	+35bp	5.34%	7.72%
	80-90%	+35bp	5.74%	7.80%
	90-95%	+35bp	6.14%	7.88%
Three years	≤80%	+20bp	5.59%	7.54%
	80-90%	+20bp	5.99%	7.66%
	90-95%	+20bp	6.39%	7.77%
Four years	≤80%	+20bp	5.69%	7.37%
	80-90%	+20bp	6.09%	7.52%
	90-95%	+20bp	6.49%	7.67%
Five years	≤80%	+20bp	5.79%	7.24%
	80-90%	+20bp	6.19%	7.42%
	90-95%	+20bp	6.59%	7.59%

Suncorp hikes fixed home loan rates by up to 20bp

As ANZ economists altered their RBA rate cut forecast, now predicting no cuts in 2026, the bank's subsidiary Suncorp hiked rates on two- and three-year fixed rate periods.

The lowest fixed rate in the bank's stable is now 5.09% p.a. (5.79% p.a. comparison rate*).

That's on offer on its Home Package Plus product to eligible owner-occupiers with LVRs of 80% or less fixing their rate for two years.

Other rate changes included:

Fixed period	LVR	Change	New rate	Comp rate*
Two years	≤80%	+20bp	5.09%	5.79%
	>80%	+20bp	5.29%	6.05%
Three years	≤80%	+20bp	5.19%	5.78%
	>80%	+20bp	5.39%	6.04%

Other movers

Only one change has been made to variable home loan rates so far this week, according to the YourMortgage.com.au database - and it came from P&N Bank.

The Western Australian customer-owned institution cut rates on its Offset Variable home loan product by up to 14 basis points for owner-occupiers with LVRs above 70%.

At the same time, it upped the rate offered to investors with LVRs of 80% to 90% considering its Basic Home Loan by 25 basis points to 5.84% p.a. (5.87% p.a. comparison rate*).

Meanwhile, other lenders upping fixed rates included:

• Newcastle Permanent
• Greater Bank
• Queensland Country Bank

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Important Information and Comparison Rate Warning

_{Image created on Canva using elements from Bahnfrend and RegionalQueenslander via Wikimedia Commons}