Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
Building or renovating? By adding solar panels, window glazing, insulation and more, you could qualify for a 5-year variable rate discount on your home loan. Likewise if you build a 7+ star rated home.
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