Greater Bank decided to end its ultra-low one-year fixed rate for owner-occupiers, raising it across its home loan products by up to 30bps.
This change was on top of the increases across fixed-rate terms, with hikes of up to 45bps. Here are some of the most significant changes:
|
Greater Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Great Rate Discount Fixed 1 yr $150k+ |
+30 bps |
1.89% p.a. |
2.17% p.a. |
|
Great Rate Discount Fixed 3 yrs $150k+ |
+20bps |
2.74% p.a. |
2.34% p.a. |
|
Ultimate Discount Investment P&I Fixed 3 yrs 150k+ |
+45bps |
2.99% p.a. |
3.27% p.a. |
|
Great Rate Investment Fixed P&I 3 yrs |
+20bps |
2.99% p.a |
2.47% p.a. |
Unity Bank
Unity Bank made several changes to its fixed-year offers for first-home buyers.
|
Unity Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
First Home Buyer Fixed Rate 1 yr P&I |
+15bps |
2.39% p.a. |
4.16% p.a. |
|
First Home Buyer Fixed Rate 3 yrs P&I |
+15bps |
2.95% p.a. |
3.99% p.a. |
|
First Home Buyer Fixed Rate 5 yrs P&I |
+29bps |
3.49% p.a. |
4.02% p.a. |
Regional Australia Bank
Regional Australia Bank followed the hike trend for fixed rates, offering higher rates for both owner-occupiers under their standard and Partnership Advantage loan products.
|
Regional Australia Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Owner Occ Fixed Home Loan P&I 3 yrs |
+30 bps |
2.89% p.a. |
3.91% p.a. |
|
Inv Fixed Home Loan P&I 3 yrs |
+30bps |
3.09% p.a. |
4.33% p.a. |
|
Partnership Advantage Fixed P&I 5 yrs |
+40bps |
3.49% p.a. |
3.587% p.a. |
|
Inv Partnership Advantage Fixed P&I 5 yrs |
+40bps |
3.89% p.a |
4.03% p.a. |
Credit Union SA
Credit Union SA made the biggest hikes over the past two weeks, raising its special offer four- and five-year fixed rates by up to 55bps.
|
Credit Union SA Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Fixed Home Loan Package P&I 5 yrs Special Offer |
+55 bps |
3.39% p.a. |
3.74% p.a. |
|
Investment Fixed Home Loan Package P&I 5 yrs Special Offer |
+39bps |
3.39% p.a. |
4.00% p.a. |
|
Fixed Home Loan Package P&I 3 yrs |
+25bps |
3.04% p.a. |
3.64% p.a. |
|
Investment Fixed Rate Home Loan P&I 3 yrs |
+25bps |
3.44% p.a |
4.60% p.a. |
—
Photo by @an_ku_sh on Unsplash.
Collections: Mortgage News Interest Rates Greater Bank Post Collections
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