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RBA rate hike in July 2022: mortgage rate announcements

Australia’s exchange rate was raised again. Find out if your lender is passing on the rate hike with Savings.com.au’s full list of home loan rate hike announcements.

The Reserve Bank of Australia (RBA) raised the key rate by 50 basis points in July to 1.35%.

Savings.com.au will provide regular updates underneath whose lenders announce that they will pass on this July 2022 rate hike to variable rate mortgages.

Which lenders raise variable interest rates?

All rate changes below refer to lenders’ responses to the RBA’s rate hike on July 5, 2022. To see how these rate moves compare to previous RBA rate changes, see our pages on past rate changes:

Last update: 05/07/2022.

Key notes:

IP = Principal and interest, IO= Interest only, OO=Owner occupants
Basic points explained: 1 basis point = 0.01%

  • Increase in AMP rates (waiting)
  • ANZ interest rate hike (waiting)
  • Athena interest rate hike (waiting)
  • Australian Military Bank interest rate hike (waiting)
  • Australian Unity Bank interest rate hike (waiting)
  • Auswide Bank interest rate hike (waiting)
  • Bank Australia interest rate hike (waiting)
  • Bank of Melbourne interest rate hike (waiting)
  • Bank of Queensland (BOQ) interest rate hike (waiting)
  • Bankfirst interest rate hike (waiting)
  • BankSA interest rate hike (waiting)
  • Bank of Sydney interest rate hike (waiting)
  • BankVic interest rate hike (waiting)
  • Bankwest interest rate hike (waiting)
  • Bank of us interest rate hike (waiting)
  • BCU interest rate hike (waiting)
  • Bendigo Bank interest rate hike (waiting)
  • Beyond the rise in bank interest rates (waiting)
  • Citi interest rate hike (waiting)
  • Commonwealth Bank interest rate hike (waiting)
  • Credit Union SA interest rate hike (waiting)
  • Defense Bank interest rate hike (waiting)
  • G&C Mutual Bank interest rate hike (waiting)
  • Gateway Bank interest rate hike (waiting)
  • Great Southern Bank interest rate hike (waiting)
  • Larger increase in bank interest rates (waiting)
  • Heritage Bank interest rate hike (waiting)
  • Homeloans.com.au interest rate hike (waiting)
  • Homestar Finance interest rate hike (waiting)
  • Horizon Bank interest rate hike (waiting)
  • HSBC interest rate hike (waiting)
  • Hume Bank interest rate hike (waiting)
  • IMB interest rate hike (waiting)
  • ING’s interest rate hike (waiting)
  • Loans.com.au interest rate hike (waiting)
  • Macquarie Bank interest rate hike (waiting)
  • ME Bank interest rate hike (waiting)
  • Rising mortgage interest rates (waiting)
  • MOVE Increase in bank rates (waiting)
  • MyState Bank interest rate hike (waiting)
  • NAB interest rate hike (waiting)
  • Nano interest rate hike (waiting)
  • Newcastle Permanent interest rate hike (waiting)
  • OneTwo Home Loan Interest Rates Rise (waiting)
  • P&N Bank interest rate hike (waiting)
  • People’s Choice interest rate hike (waiting)
  • Police Credit Union Interest Rate Rise (waiting)
  • QBank interest rate hike (waiting)
  • Qudos Bank interest rate hike (waiting)
  • RACQ Bank interest rate hike (waiting)
  • Rise in RAMS interest rates (waiting)
  • Reduce rising mortgage interest rates (waiting)
  • Resimac raises interest rates (waiting)
  • Interest rate hike in St George (waiting)
  • Rise in interest rates for government depositories (waiting)
  • Suncorp Bank interest rate hike (waiting)
  • Teachers Mutual Bank interest rate hike (waiting)
  • The rise in interest rates of the Mutual Bank (waiting)
  • Tic:Toc hike in interest rates (waiting)
  • UBank raises interest rates (waiting)
  • UniBank interest rate hike (waiting)
  • Virgin Money interest rate hike (waiting)
  • Well, home loan interest rates are rising (waiting)
  • Westpac interest rate hike (waiting)
  • With rising interest rates (waiting)
  • Increase in construction interest rates (waiting)

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Current reduced rate mortgages

For quick reference: As it stands, here are some of the lowest rate home loans Savings.com.au has found on the market:



Lender


Variable More details
UNLIMITED WITHDRAWALSSPECIAL OFFER

Smart Booster Home Loan Discounted Variable – 2 years (LVR
  • Fast turnaround times, can meet 30 day settlement
  • For purchase and refinancing, down payment min 20%
  • No ongoing or monthly fees, add 0.10% compensation

Variable More details
ZERO APPLICATION FEESCOMPENSATION WITHOUT COST

Homeowner Accelerates – Celebrate (LVR

  • We lower your rate based on the amount you have repaid on your loan
  • Automatic Rate Matching
  • No upfront or ongoing fees
  • The shorter your loan, the less interest you pay in the long term.

Homeowner Accelerates – Celebrate (LVR
  • We lower your rate based on the amount you have repaid on your loan
  • Automatic Rate Matching
  • No upfront or ongoing fees
  • The shorter your loan, the less interest you pay in the long term.

Variable More details
QLD/NSW/VIC/SA METRO AND INLAND REGIONAL AREAS

Variable real estate loan (capital and interest)

  • $5000 cash back. Terms and conditions apply.
Variable More details
REFINANCING ONLY

Variable Rate Home Loan – Refinance Only

  • A low variable rate home loan from a 100% online lender. Supported by the Commonwealth Bank.


Basic criteria: a loan amount of $400,000, variable, fixed, principal and interest (P&I) real estate loans with an LVR (loan-to-value) ratio of at least 80%. However, the “Compare mortgages” table allows calculations to be made on the variables selected and entered by the user. All products will list the LVR with the product and price list which is clearly published on the product supplier’s website. Monthly repayments, once the basic criteria are modified by the user, will be based on the advertised prices of the selected products and determined by the loan amount, repayment type, loan term and LVR as entered by the user. user/you. *The comparison rate is based on a loan of $150,000 over 25 years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of July 5, 2022. See disclaimer.


ANZ interest rate hike

  • July 2022 rate hike:
  • Applies to:
  • Effective date:
  • announcement date:
  • Other info:

Commonwealth Bank interest rate hike

  • July 2022 rate hike:
  • Applies to:
  • Effective date:
  • announcement date:
  • Other info:

NAB interest rate hike

  • July 2022 rate hike:
  • Applies to:
  • Effective date:
  • announcement date:
  • Other info:

Westpac interest rate hike

  • July 2022 rate hike:
  • Applies to:
  • Effective date:
  • announcement date:
  • Other info:



Disclaimer

The whole market has not been taken into account in the selection of the above products. Instead, a reduced portion of the market was considered. Products from some vendors may not be available in all states. To be considered, the product and price must be clearly published on the product supplier’s website. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au and Performance Drive are part of the Savings Media group. In the interest of full disclosure, Savings Media Group is associated with Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.


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