Home News Home loan rate changes after RBA's 0.25% rise: November 2023

Home loan rate changes after RBA's 0.25% rise: November 2023

Australia's cash rate has risen - how will your home loan be affected? Keep up with the latest home loan rate rise announcements.

By Harry O'Sullivan

Published on 30 Nov 2023

Fact Checked

Home loan rate changes after RBA's 0.25% rise: November 2023

The Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points, taking it to 4.35%.

Savings.com.au will provide regular updates below of each lenders' announcements regarding passing on this November 2023 rate hike to variable rate home loans.

All rate changes below refer to lenders’ responses to the RBA’s rate hike on 7 November 2023.

Keep checking this page for all the latest movement.

Keep updated.

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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:

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 8 November

CommBank

CommBank interest rate rise:

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 9 November

NAB

NAB interest rate rise:

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 8 November

Westpac

Westpac interest rate rise:

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 8 November

Other lenders' home loan rate changes

AMP interest rate rise

Athena interest rate rise

Australian Military Bank interest rate rise (pending)

Australian Mutual Bank interest rate rise (pending)

Australian Unity interest rate rise

Auswide 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 (pending)

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 (pending)

Credit Union SA interest rate rise

Defence Bank interest rate rise (pending)

G&C Mutual 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 (pending)

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

Newcastle Permanent interest rate rise

OneTwo Home Loans interest rate rise (pending)

P&N Bank interest rate rise (pending)

People's Choice interest rate rise (pending)

Police Credit Union interest rate rise (pending)

QBank interest rate rise (pending)

Qudos Bank interest rate rise (pending)

RACQ Bank interest rate rise

RAMS interest rate rise

Reduce Home Loans interest rate rise (pending)

Resimac interest rate rise (pending)

St George interest rate rise

State Custodians interest rate rise (pending)

Suncorp Bank interest rate rise

Teachers Mutual Bank interest rate rise (pending)

The Mutual Bank interest rate rise (pending)

Tiimely (formerly Tictoc) interest rate rise

UBank interest rate rise

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

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 November for new customer, 13 November for existing customers
Announcement date: 9 November

Athena interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable-rate home loans
Effective date: 10 November
Announcement date: 9 November

Australian Unity interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 November
Announcement date: 15 November

Auswide interest rate rise

November 2023 rate rise: 25 basis points for existing home loans and most new
Applies to: Variable rate home loans
Effective date: 14 November
Announcement date: 9 November

Bank Australia interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 13 November

Bank of Melbourne interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 10 November

Bank of Queensland (BOQ) interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 November
Announcement date: 8 November

Bank of Sydney interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable-rate home loans
Effective date: 17 November
Announcement date: 17 November

BankSA interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 10 November

BankVic interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable-rate home loans
Effective date: 28 November
Announcement date: 20 November

Bankwest interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

BCU interest rate rise

November 2023 rate rise: 30 basis points
Applies to: Variable-rate home loans
Effective date: 22 November
Announcement date: 20 November

Bendigo Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

Beyond Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable-rate home loans
Effective date: 21 November
Announcement date: 16 November

Credit Union SA interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 November
Announcement date: 15 November

G&C Mutual interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 13 November
Announcement date: 13 November

Great Southern Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 November
Announcement date: 10 November

Greater Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

Heritage Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 21 November

Homestar Finance interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 15 November
Announcement date: 15 November

Horizon Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 10 November

IMB Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

ING interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 14 November
Announcement date: 9 November

Loans.com.au interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 November
Announcement date: 10 November

Macquarie Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 9 November

ME Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 11 November
Announcement date: 8 November

MyState Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

Newcastle Permanent interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

RACQ Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 15 November

RAMS interest rate rise

November 2023 rate rise: 45 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 13 November

St George interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 21 November
Announcement date: 10 November

Suncorp Bank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 17 November
Announcement date: 10 November

Tiimely interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 24 November
Announcement date: 22 November

UBank interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 16 November
Announcement date: 16 November

Virgin Money interest rate rise

November 2023 rate rise: 25 basis points
Applies to: Variable rate home loans
Effective date: 10 November
Announcement date: 8 November

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

First published on November 2023

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Harry O'Sullivan

Harry joined Savings in November 2022. With a degree in economics from the University of Queensland, Harry is interested in topics such as inflation and GDP, and is passionate about keeping Australians informed on the external factors that impact their personal finances.

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Home loan rate changes after RBA's 0.25% rise: November 2023

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 Unity interest rate rise

Auswide 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

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

Credit Union SA interest rate rise

G&C Mutual 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

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

MyState Bank interest rate rise

Newcastle Permanent interest rate rise

RACQ Bank interest rate rise

RAMS interest rate rise

St George interest rate rise

Suncorp Bank interest rate rise

Tiimely interest rate rise

UBank interest rate rise

Virgin Money interest rate rise

Ready, Set, Buy!

Harry O'Sullivan

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Advertiser Disclosure

Product Coverage and Sort Order

Comparison Rate Warning and Base Criteria

Monthly Repayment Figures

Related Brands

General Advice Disclosure