There was relatively subdued activity on the home loan rate markets this week with the cash rate kept on hold at 0.75% earlier this month.

Among the few lenders adjusting interest rates this week were Commonwealth Bank, CUA, and MacArthur Credit Union (The Mac), with cuts to fixed rates observed across owner-occupier and investor loans.

For context, the table below displays some of the lowest-rate variable home loans currently 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 Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.06% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
5.69% p.a.
6.16% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
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 . View disclaimer.

Important Information and Comparison Rate Warning

Commonwealth Bank

Commonwealth Bank made interest cuts of up to 50 basis points to a range of fixed-rate terms across owner-occupier and investment loans – both package and non-package.

Owner-occupier

  • Residential Fixed IO 1 yr: 10 basis point cut to 3.94% p.a. (4.86% p.a. comparison rate*)
  • Residential Fixed P&I 1 yr: 30 basis point cut to 3.14% p.a. (4.79% p.a. comparison rate*)
  • Residential Fixed P&I 4 yrs: 30 basis point cut to 3.34% p.a. (4.45% p.a. comparison rate*)
  • Residential Fixed P&I 5 yrs: 30 basis point cut to 3.34% p.a. (4.35% p.a. comparison rate*)

Wealth Package Residential

  • Residential Fixed P&I 1 yr 150k+: 30 basis point cut to 2.99% p.a. (4.59% p.a. comparison rate*)
  • Residential Fixed P&I 4 yrs 150k+: 30 basis point cut to 3.19% p.a. (4.34% p.a. comparison rate*)
  • Residential Fixed P&I 5 yrs 150k+: 30 basis point cut to 3.19% p.a. (4.26% p.a. comparison rate*)

Investment

  • Investment Fixed IO 1 yr: 50 basis point cut to 3.54% p.a. (5.34% p.a. comparison rate*)
  • Investment Fixed IO 2 yrs: 40 basis point cut to 3.54% p.a. (5.18% p.a. comparison rate*)
  • Investment Fixed IO 3 yrs: 40 basis point cut to 3.54% p.a. (5.03% p.a. comparison rate*)
  • Investment Fixed IO 4 yrs: 50 basis point cut to 3.64% p.a. (4.93% p.a. comparison rate*)
  • Investment Fixed IO 5 yrs: 50 basis point cut to 3.64% p.a. (4.82% p.a. comparison rate*
  • Investment Fixed P&I 1 yr: 45 basis point cut to 3.34% p.a. (5.32% p.a. comparison rate*)
  • Investment Fixed P&I 2 yrs: 25 basis point cut to 3.34% p.a. (5.14% p.a. comparison rate*)
  • Investment Fixed P&I 3 yrs: 45 basis point cut to 3.34% p.a. (4.97% p.a. comparison rate*)
  • Investment Fixed P&I 4 yrs: 35 basis point cut to 3.44% p.a. (4.85% p.a. comparison rate*)
  • Investment Fixed P&I 5 yrs: 35 basis point cut to 3.44% p.a. (4.72% p.a. comparison rate*)

Wealth Package Investment

  • Investment Fixed IO 1 yr 150k+: 50 basis point cut to 3.39% p.a. (5.13% p.a. comparison rate*)
  • Investment Fixed IO 2 yrs 150k+: 40 basis point cut to 3.39% p.a. (4.99% p.a. comparison rate*)
  • Investment Fixed IO 3 yrs 150k+: 40 basis point cut to 3.39% p.a. (4.87% p.a. comparison rate*)
  • Investment Fixed IO 4 yrs 150k+: 50 basis point cut to 3.49% p.a. (4.79% p.a. comparison rate*)
  • Investment Fixed IO 5 yrs 150k+: 50 basis point cut to 3.49% p.a. (4.69% p.a. comparison rate*)
  • Investment Fixed P&I 1 yr 150k+: 45 basis point cut to 3.19% p.a. (5.12% p.a. comparison rate*)
  • Investment Fixed P&I 2 yrs 150k+: 25 basis point cut to 3.19% p.a. (4.97% p.a. comparison rate*)
  • Investment Fixed P&I 3 yrs 150k+: 45 basis point cuts to 3.19% p.a. (4.83% p.a. comparison rate*)
  • Investment Fixed P&I 4 yrs 150k+: 35 basis point cut to 3.29% p.a. (4.74% p.a. comparison rate*)
  • Investment Fixed P&I 5 yrs 150k+: 35 basis point cut to 3.29% p.a. (4.63% p.a. comparison rate*)

CUA

CUA made rate cuts of up to 36 basis points to three of its 3-year fixed rate home loans.

Notably, the credit union cut its rate for owner-occupiers paying principal and interest to a competitive 3-year fixed rate of 2.84% p.a. (4.26% p.a. comparison rate*)

  • 3 Year Fixed Owner Occupier P&I: 14 basis point cut to 2.84% p.a. (4.26% p.a. comparison rate*)
  • 3 Year Fixed Investor IO: 36 basis point cut to 3.34% p.a. (4.79% p.a. comparison rate*)
  • 3 Year Fixed Investor P&I: 36 basis point cut to 3.14% p.a. (4.73% p.a. comparison rate*)

MacArthur Credit Union

The Mac cut fixed-rates across 1-year, 2-year and 3-year terms for owner occupiers and investors, with its 3-year fixed rates getting the biggest cut of 50 basis points:

  • Standard Fixed 1 Year: 20 basis point cut to 3.49% p.a. (3.99% p.a. comparison rate*)
  • Standard Fixed 2 Year: 20 basis point cut to 2.99% p.a. (3.86% p.a. comparison rate*)
  • Standard Fixed 3 Year: 50 basis point cut to 3.09% p.a. (3.80% p.a. comparison rate*)
  • Investor Standard Fixed 1 Year: 20 basis point cut to 3.79% p.a. (4.73% p.a. comparison rate*)
  • Investor Standard Fixed 2 Years: 20 basis point cut to 3.79% p.a. (4.64% p.a. comparison rate*)
  • Investor Standard Fixed 3 Years: 50 basis point cut to 3.79 p.a. (4.56% p.a. comparison rate*)


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