Home News Home loan rate changes after RBA's 0.25% rise - November 2022

Home loan rate changes after RBA's 0.25% rise - December 2022

Australia's cash rate has been raised by another 25 basis points. See how this affects your home loan with Savings.com.au's comprehensive list of home loan rate rise announcements.

By Jacob Cocciolone

Published on 20 Dec 2022

Fact Checked

Home loan rate changes after RBA's 0.25% rise - December 2022

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points, taking it to 3.10%.

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this December 2022 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 6 December 2022.

Keep updated.

Subscribe for rate change alerts.

Select a Lender:

By subscribing you agree to our privacy policy

Key notes:

P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
Basis points explained: 1 basis point = 0.01%

Big-four home loan rate changes

ANZ

ANZ interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 06 December 2022

CommBank

CommBank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 06 December 2022

NAB

NAB interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 06 December 2022

Westpac

Westpac interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 6 December 2022

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide Bank interest rate rise

Bank Australia interest rate rise

Bank of Melbourne interest rate rise

Bank of Queensland (BOQ) interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise

Bendigo Bank interest rate rise

Beyond Bank interest rate rise

Citi interest rate rise

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Gateway Bank interest rate rise (pending)

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homeloans.com.au interest rate rise (pending)

Homestar Finance interest rate rise

Horizon Bank interest rate rise

HSBC interest rate rise

Hume Bank interest rate rise (pending)

IMB Bank interest rate rise

ING interest rate rise

Loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

Mortgage House interest rate rise (pending)

MOVE Bank interest rate rise (pending)

MyState Bank interest rate rise

Nano interest rate rise

Newcastle Permanent interest rate rise

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise

People's Choice interest rate rise

Police Credit Union interest rate rise (pending)

QBank interest rate rise (pending)

Qudos Bank interest rate rise

RACQ Bank interest rate rise

RAMS interest rate rise (pending)

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise (pending)

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp interest rate rise

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tic:Toc interest rate rise (pending)

Ubank interest rate rise (pending)

UniBank interest rate rise (pending)

Unloan interest rate rise (pending)

Virgin Money interest rate rise

Well home loans interest rate rise (pending)

Wlth interest rate rise (pending)

Yard interest rate rise (pending)

AMP interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022 for new customers, 19 December 2022 for existing customers
Announcement date: 08 December 2022

Athena interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 08 December 2022
Announcement date: 08 December 2022

Australian Military Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 12 December 2022

Australian Unity interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 15 December 2022

Auswide interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 08 December 2022

Bank Australia interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 09 December 2022

Bank of Melbourne interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 07 December 2022

Bank of Queensland interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 09 December 2022
Announcement date: 07 December 2022

Bank of Sydney interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 December 2022
Announcement date: 12 December 2022

Bankfirst interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 16 December 2022

BankSA interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 07 December 2022

BankVic interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 12 December 2022

Bankwest interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 07 December 2022

BCU interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 12 December 2022

Beyond Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 15 December 2022

Bendigo Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 09 December 2022

Citi interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 16 December 2022

Credit Union SA interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 December 2022
Announcement date: 14 December 2022

Defence Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 December 2022
Announcement date: 19 December 2022

G&C Mutual Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 January 2023
Announcement date: 12 December 2022

Great Southern Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 16 December 2022

Greater Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 12 December 2022
Announcement date: 12 December 2022

Heritage Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 19 December 2022
Announcement date: 19 December 2022

Homestar Finance interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 12 December 2022
Announcement date: 12 December 2022

Horizon Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 09 December 2022
Announcement date: 09 December 2022

HSBC interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 28 December 2022
Announcement date: 19 December 2022

ING interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 13 December 2022
Announcement date: 08 December 2022

IMB Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 12 December 2022

loans.com.au interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 09 December 2022
Announcement date: 09 December 2022

Macquarie Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 07 December 2022

ME Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 December 2022
Announcement date: 07 December 2022

MyState Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 19 December 2022
Announcement date: 14 December 2022

Nano interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 16 December 2022

Newcastle Permanent interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 December 2022
Announcement date: 09 December 2022

P&N Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 12 December 2022

People's Choice interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 15 December 2022

Qudos Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 22 December 2022
Announcement date: 12 December 2022

RACQ Bank interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 24 January 2023
Announcement date: 09 December 2022

St George interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 20 December 2022
Announcement date: 07 December 2022

Suncorp interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 December 2022
Announcement date: 06 December 2022

Virgin Money interest rate rise

December 2022 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 09 December 2022
Announcement date: 07 December 2022

To see how these rate movements compare with previous RBA rate changes, refer to our past rate change pages:

First published on December 2022

Ready, Set, Buy!

Learn everything you need to know about buying property – from choosing the right property and home loan, to the purchasing process, tips to save money and more!

With bonus Q&A sheet and Crossword!

By subscribing you agree to our privacy policy

Jacob Cocciolone

Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

Email Articles

By subscribing you agree to our privacy policy

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the InfoChoice Group. In the interests of full disclosure, the InfoChoice Group are associated with the Firstmac Group. Read about how InfoChoice Group manages potential conflicts of interest, along how we get paid.

Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG). The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.

Explore the InfoChoice Group network: InfoChoice · Your Mortgage · Your Investment Property · Performance Drive

Our company, Savings.com.au, has obtained accreditation as a data recipient for the Consumer Data Right (CDR). You can view our CDR policy by clicking on this link.

Important information

Savings.com.au provides general information and comparison services to help you make informed financial decisions. We do not cover every product or provider in the market. Our service is free to you because we receive compensation from product providers for sponsored placements, advertisements, and referrals. Importantly, these commercial relationships do not influence our editorial integrity.

For more detailed information, please refer to our How We Get Paid, Managing Conflicts of Interest, and Editorial Guidelines pages.

Editorial Integrity

At Savings.com.au, we are passionate about helping Australians make informed financial decisions. Our dedicated editorial team works tirelessly to provide you with accurate, relevant, and unbiased information. We pride ourselves on maintaining a strict separation between our editorial and commercial teams, ensuring that the content you read is based purely on merit and not influenced by commercial interests.

Learn more about our commitment to editorial integrity in our Editorial Guidelines.

Advertiser Disclosure

Our service is free for you, thanks to support from our partners through sponsored placements, ads, and referrals. We earn compensation by promoting products, referring you, or when you click on a product link. You might also see ads in emails, sponsored content, or directly on our site.

For more details, see How We Get Paid.

Product Coverage and Sort Order

We strive to cover a broad range of products, providers, and services; however, we do not cover the entire market. Products in our comparison tables are sorted based on various factors, including product features, interest rates, fees, popularity, and commercial arrangements.

Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes.

Additionally, certain products may present forms designed to refer you to associated companies (e.g. our mortgage broker partner) who may be able to assist you with products from the brand you selected. We may receive a fee for this referral.

You can customise your search using our sorting and filtering tools to prioritise what matters most to you, although we do not compare all features and some results associated with commercial arrangements may still appear.

For more details, visit How We Get Paid and Managing Conflicts of Interest.

Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $500,000 loan amount over 30 years. For car loans, the base criteria include a $30,000 loan over 5 years. For personal loans, the base criteria include a $20,000 loan over 5 years. These rates are only examples and may not include all fees and charges.

*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.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

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.

Related Brands

Savings.com.au is proudly part of the InfoChoice Group, which includes InfoChoice.com.au, YourMortgage.com.au, YourInvestmentPropertyMag.com.au, and PerformanceDrive.com.au. The InfoChoice Group is associated with the Firstmac Group.

We may include products and services from loans.com.au, CarLoans.com.au, OnlineAuto.com.au, and YourMortgageBroker Pty Ltd, all associated with the Firstmac Group. Importantly, these brands are treated like any other commercial partner.

Learn more about how we manage conflicts of interest.

General Advice Disclosure

The information provided by Savings.com.au is general in nature and does not take into account your personal objectives, financial situation, or needs. We recommend seeking independent financial advice before making any financial decisions. Before acquiring any financial product, obtain and read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and any other offer documents.

Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au’s Financial Services and Credit Guide (FSCG).

Home loan rate changes after RBA's 0.25% rise - December 2022

Keep updated.

Big-four home loan rate changes

ANZ

ANZ interest rate rise

CommBank

CommBank interest rate rise

NAB

NAB interest rate rise

Westpac

Westpac interest rate rise

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise

Australian Unity interest rate rise

Auswide interest rate rise

Bank Australia interest rate rise

Bank of Melbourne interest rate rise

Bank of Queensland interest rate rise

Bank of Sydney interest rate rise

Bankfirst interest rate rise

BankSA interest rate rise

BankVic interest rate rise

Bankwest interest rate rise

BCU interest rate rise

Beyond Bank interest rate rise

Bendigo Bank interest rate rise

Citi interest rate rise

Credit Union SA interest rate rise

Defence Bank interest rate rise

G&C Mutual Bank interest rate rise

Great Southern Bank interest rate rise

Greater Bank interest rate rise

Heritage Bank interest rate rise

Homestar Finance interest rate rise

Horizon Bank interest rate rise

HSBC interest rate rise

ING interest rate rise

IMB Bank interest rate rise

loans.com.au interest rate rise

Macquarie Bank interest rate rise

ME Bank interest rate rise

MyState Bank interest rate rise

Nano interest rate rise

Newcastle Permanent interest rate rise

P&N Bank interest rate rise

People's Choice interest rate rise

Qudos Bank interest rate rise

RACQ Bank interest rate rise

St George interest rate rise

Suncorp interest rate rise

Virgin Money interest rate rise

Ready, Set, Buy!

Jacob Cocciolone

Related News

Home loan rates hiked in time for Christmas

New RBA board line up revealed

Smaller lenders adjust rates as RBA holds

Related Guides

Westpac subsidiaries join government guarantee schemes

Every buy now, pay later provider in Australia

Which lenders offer 10 year fixed home loans?

What is the minimum or maximum sized home or block I can get with a home loan?

Why are some home loan rates rising faster than the cash rate?

Important information

Editorial Integrity

Advertiser Disclosure

Product Coverage and Sort Order

Comparison Rate Warning and Base Criteria

Monthly Repayment Figures

Related Brands

General Advice Disclosure

Get rate alerts

Save Smarter