What’s happening to interest rates?
After several challenging years of rising interest rates, the Reserve Bank of Australia (RBA) made its first rate cut since 2020 on 18 February 2025. That was followed by a 0.25% cut on 20 May and another 0.25% reduction on 12 August.
On 3 February 2026, the RBA decided to increase the cash rate again by 0.25%. Two more +0.25% rate increases were announced in March 2026 and again in May 2026.
The cash rate now sits at 4.35%.
Market expectations suggest the possibility of another increase in 2026.
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What led up to this point?
Let’s rewind to Tuesday, 3 May 2022.
That’s when the Reserve Bank of Australia (RBA) lifted the cash rate from a historic low of 0.10% to 0.35% (their first rate rise since November 2010).
What followed was a fast-moving tightening cycle. The RBA announced 12 more increases (four 0.50% hikes and eight 0.25% moves), taking the cash rate to 4.35% as it worked to bring inflation under control.
So it’s easy to see why the rate cuts in 2025 were such welcome news for Australian homeowners, giving a bit of breathing room after a tough few years of rising repayments.
But as we move into 2026, the story has shifted again.
With inflation proving sticky, the economy holding up better than expected and the prospect of higher oil prices potentially increasing costs further, markets are now factoring in the possibility that the RBA may continue to need to lift rates.
Will rates keep going up in 2026?
More rate rises in 2026 are still on the table, with the market currently pricing in the possibility of one more increase this year.
But, even if rates do shift, there’s still plenty you can do to stay in control of your home loan.
Understanding your options, locking in a plan that works for you, and getting expert guidance means you don’t have to wait or stress — you can make confident decisions for your next move.
So, how do interest rate changes work?
Not-so-fun fact – the interest rate on your home loan isn’t set by the RBA, it’s set by the specific bank or lender you’ve borrowed money from to purchase your property.
This is where things get interesting (‘scuse the pun)…
Historically speaking, banks and lenders have typically changed their variable home loan interest rates after an RBA announcement, but when and by how much is always a talking point.
Hot tip: It’s not always the same as the RBA.
To add another layer, sometimes lenders don’t personally let you know how much your home loan interest rate has changed by. In fact, many lenders are only obligated to print an ad in a national newspaper to inform customers on their rate changes. Crazy huh!
So keeping track of changes to your interest rate can be tricky, which is why we have created the list below to help you understand which banks and lenders have moved and by how much.
We will continue to keep this list up to date as lenders respond to the RBA announcements.
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2026 RBA interest rate tracker
The RBA is scheduled to meet 8 times in 2026.
- 3 February 2026+0.25%
- 17 March 2026+0.25%
- 5 May 2026+0.25%
- 16 June 2026TBA – 16 Jun
- 11 August 2026TBA – 11 Aug
- 29 September 2026TBA – 29 Sep
- 3 November 2026TBA – 3 Nov
- 8 December 2026TBA – 8 Dec
Which banks changed their interest rates in 2026?
- Lender has not decided a rate yet
- Passed on the same rate as the RBA
- Passed on less than the RBA
- Passed on more than the RBA
- The RBA and lenders did not change the interest rates
Annual interest rate increases for existing customers – current as at 18 March, 2026.
| Lender | Feb | Mar | May | Jun | Aug | Sep | Nov | Dec |
|---|---|---|---|---|---|---|---|---|
| RBA | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| ANZ | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Commonwealth Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| NAB | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Westpac | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| AMP Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Athena Home Loans | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Australian Military Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Auswide Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bank Australia | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bank First | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bank of Melbourne | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bank of Queensland | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bank of Sydney | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| BankSA | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bankwest | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bendigo Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Beyond Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Bluestone | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Firefighters Mutual Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Firstmac | +0.25% | +0.25% | – | – | – | – | – | – |
| Gateway Bank | +0.25% | +0.25% | – | – | – | – | – | – |
| Granite Home Loans | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Great Southern Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Health Professionals Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Heritage Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| HSBC | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| ING | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Macquarie Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| ME Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| MyState Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Newcastle Permanent | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| P&N Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| People First Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Pepper Money | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| RACQ Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| RedZed | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Resimac | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| St. George Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Suncorp Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Teachers Mutual Bank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Ubank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Unibank | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
| Virgin Money | +0.25% | +0.25% | +0.25% | – | – | – | – | – |
Note: This table highlights the lenders’ announced changes to their variable rate home loans. However, your own interest rate will depend on your specific home loan product.
Interest rate tracker – May 2026
The RBA met on Tuesday, 5 May 2026, and decided to increase the cash rate +0.25%.
Lenders will now decide if they change their rates, and when they pass it on to their customers.
But remember – not all lenders move at the same pace. It’s up to each lender if and when they change their rates.
Once they’ve decided, each lender will set a start date for their rate changes, but your repayments may not increase immediately after (eg. if they’re already above the minimum, or only set to change after a certain time period).
Fixed-rate loans, on the other hand, aren’t affected until the fixed period ends.
Either way, we want you to feel informed and in control – because when it comes to your home loan, knowledge really is power.
Major lenders:
All major lenders have passed on the full +0.25% rate increase, effective 15 May 2026.
- ANZ 15 May 2026
- Commonwealth Bank 15 May 2026
- NAB 15 May 2026
- Westpac15 May 2026
Non-major lenders:
- AMP (+0.25%)11 May 2025
- Athena (+0.25%)5 May 2026
- Australian Military Bank (+0.25%)21 May 2026
- Auswide (+0.25%)14 May 2026
- Bank Australia (+0.25%)20 May 2026
- Bank First 22 May 2026
- Bank of Melbourne (+0.25%)15 May 2026
- Bank of Queensland (+0.25%)8 May 2026
- Bank of Sydney (+0.25%)22 May 2026
- BankSA (+0.25%)15 May 2026
- Bankwest (+0.25%)15 May 2026
- Bendigo Bank (+0.25%)13 May 2026
- Beyond Bank (+0.25%)10 June 2026
- Bluestone (+0.25%)13 May 2026
- Firefighters Mutual Bank (+0.25%)1 June 2026
- Firstmac
- Gateway Bank
- Granite Home Loans (+0.25%)11 May 2026
- Great Southern Bank (+0.25%)15 May 2026
- Health Professionals Bank (+0.25%)1 June 2026
- Heritage Bank (+0.25%)19 May 2026
- HSBC (+0.25%)18 May 2025
- ING (+0.25%)15 May 2026
- Macquarie Bank (+0.25%)22 May 2026
- ME Bank (+0.25%)16 May 2026
- MyState Bank (+0.25%)14 May 2026
- Newcastle Permanent (+0.25%)15 May 2026
- P&N Bank (+0.25%)19 May 2026
- People First Bank (+0.25%)19 May 2026
- Pepper Money (+0.25%)15 May 2026
- RACQ Bank (+0.25%)19 May 2026
- Redzed (+0.25%)6 May 2026
- Resimac (+0.25%)15 May 2026
- St George (+0.25%)15 May 2026
- Suncorp (+0.25%)15 May 2026
- Teachers Mutual Bank (+0.25%)1 June 2026
- Ubank (+0.25%)14 May 2026
- Unibank (+0.25%)1 June 2026
- Virgin Money (+0.25%)8 & 16 May 2026
Interest rate tracker – March 2026
The RBA increased the cash rate +0.25% on 17 March 2026.
Interest rate tracker – February 2026
The RBA increased the cash rate +0.25% on 3 February 2026.
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What happened to interest rates in 2025?
Last year, the RBA shifted gears, moving from a long stretch of rate hikes to easing things a bit. They cut the cash rate three times, taking it from 4.35% down to 3.60% – a nice little breather for borrowers.
Annual interest rate changes 2025
- The RBA and lenders did not change the interest rates
- Same rate as the RBA
- Passed on more than the RBA
- Passed on less than the RBA
- Lender has not decided a rate yet
|
Lender
|
Feb
|
Apr
|
May
|
Jul
|
Aug
|
Sep
|
Nov
|
Dec
|
|---|---|---|---|---|---|---|---|---|
|
RBA
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
ANZ
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Commonwealth Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
NAB
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Westpac
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Adelaide Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
AMP Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Athena Home
Loans |
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Australian
Military Bank |
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Auswide Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bank Australia
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bank First
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bank of Melbourne
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bank of Queensland
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bank of Sydney
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
BankSA
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bankwest
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bendigo Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Beyond Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Bluestone
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Connective Essentials (Advantedge)
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Firstmac
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Gateway Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Granite Home Loans
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Great Southern
Bank |
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Heritage Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
HSBC
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
ING
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Macquarie Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
ME Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
MyState Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Newcastle
Permanent |
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
P&N Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
People’s Choice
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Pepper Money
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
RACQ Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
RedZed
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Resimac
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
St. George
Bank |
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Suncorp Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Teachers Mutual Bank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
ubank
|
-0.25%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
|
Virgin Money
|
0.00%
|
–
|
-0.25%
|
–
|
-0.25%
|
–
|
–
|
–
|
Note: This table highlights the lenders’ announced changes to their variable rate home loans. However, your own interest rate will depend on your specific home loan product.
Interest rate tracker – August 2025
The RBA reduced the cash rate by 0.25% on August 12th, lowering the official cash rate from 3.85% to 3.60%.
Interest rate tracker – May 2025
The RBA reduced the cash rate by 0.25% on May 20th, lowering the official cash rate from 4.10% to 3.85%.
Interest rate tracker – February 2025
The RBA has now delivered two rate cuts in 2025.
On 18 February, the RBA reduced the cash rate by 0.25%, taking it from 4.35% to 4.10%.
Among the majors, ANZ, Commonwealth Bank and NAB passed on the rate cut effective 28 February, while Westpac held out until 4 March.
On 20 May, the RBA cut the rate again by another 0.25%, bringing it down to 3.85%.
We’ll keep this page updated as more anticipated rate cuts come to lightrs
Annual interest rate changes 2024
jThe RBA did not announce any changes to the official cash rate in 2024.
- Lender has not decided a rate yet
- Passed on the same rate as the RBA
- Passed on less than the RBA
- Passed on more than the RBA
- The RBA and lenders did not change the interest rates
| Lender | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RBA | – | – | – | – | – | – | – | – | – | – | – | – |
| Adelaide Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| AMP Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| ANZ | – | – | – | – | – | – | – | – | – | – | – | – |
| Athena Home Loans |
– | – | – | – | – | – | – | – | – | – | – | – |
| Australian Military Bank |
– | – | – | – | – | – | – | – | – | – | – | – |
| Auswide Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| Bank Australia | – | – | – | – | – | – | – | – | – | – | – | – |
| Bank First | – | – | – | – | – | – | – | – | – | – | – | – |
| Bank of Melbourne | – | – | – | – | – | – | – | – | – | – | – | – |
| Bank of Queensland | – | – | – | – | – | – | – | – | – | – | – | – |
| Bank of Sydney | – | – | – | – | – | – | – | – | – | – | – | – |
| BankSA | – | – | – | – | – | – | – | – | – | – | – | – |
| Bankwest | – | – | – | – | – | – | – | – | – | – | – | – |
| Bendigo Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| Beyond Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| Bluestone | – | – | – | – | – | – | – | – | – | – | – | – |
| Citi | – | – | – | – | – | – | – | – | – | – | – | – |
| Commonwealth Bank |
– | – | – | – | – | – | – | – | – | – | – | – |
| Firstmac | – | – | – | – | – | – | – | – | – | – | – | – |
| Great Southern Bank |
– | – | – | – | – | – | – | – | – | – | – | – |
| HSBC | – | – | – | – | – | – | – | – | – | – | – | – |
| ING | – | – | – | – | – | – | – | – | – | – | – | – |
| Macquarie Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| ME Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| MyState Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| NAB | – | – | – | – | – | – | – | – | – | – | – | – |
| Newcastle Permanent |
– | – | – | – | – | – | – | – | – | – | – | – |
| RACQ Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| RAMS | – | – | – | – | – | – | – | – | – | – | – | – |
| Resimac | – | – | – | – | – | – | – | – | – | – | – | – |
| St. George Bank |
– | – | – | – | – | – | – | – | – | – | – | – |
| Suncorp Bank | – | – | – | – | – | – | – | – | – | – | – | – |
| UBank | – | – | – | – | – | – | – | – | – | – | – | – |
| Virgin Money | – | – | – | – | – | – | – | – | – | – | – | – |
| Westpac | – | – | – | – | – | – | – | – | – | – | – | – |
Annual interest rate increases for existing customers – current as at 13 February, 2025.
Interest rate tracker – December 2024
We did not see a cash rate increase in December 2024.
Interest rate tracker – November 2024
We did not see a cash rate increase in November 2024.
Interest rate tracker – October 2024
We did not see a cash rate increase in October 2024.
Interest rate tracker – September 2024
We did not see a cash rate increase in September 2024.
Interest rate tracker – August 2024
We did not see a cash rate increase in August 2024.
Interest rate tracker – July 2024
We did not see a cash rate increase in July 2024.
Interest rate tracker – May 2024
We did not see a cash rate increase in May 2024.
Interest rate tracker – March 2024
We did not see a cash rate increase in March 2024.
Interest rate tracker – February 2024
We did not see a cash rate increase in February 2024
Annual interest rate changes 2023
oThe total rate increase for 2023 was 1.25% per annum, with the RBA deciding to increase the cash rate by 0.25% per annum in February, March, May, June and November (no changes announced in January, April, July, August, September, October and December).
Most lenders followed suit, which you can see in the table below.
- Lender has not decided a rate yet
- Passed on the same rate as the RBA
- Passed on less than the RBA
- Passed on more than the RBA
- The RBA and lenders did not change the interest rates
| Lender | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBA | 0.25% | 0.25% | – | 0.25% | 0.25% | – | – | – | – | 0.25% | – |
| Adelaide Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| AMP Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| ANZ | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Athena Home Loans |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Australian Military Bank |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Auswide Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bank Australia | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bank First | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bank of Melbourne | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bank of Queensland | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bank of Sydney | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| BankSA | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bankwest | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bendigo Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Beyond Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Bluestone | 0.25-0.29 | 0.25-0.29 | – | 0.25-0.40 | 0.25-0.30 | – | – | – | – | 0.25-0.35 | – |
| Citi | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Commonwealth Bank |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Firstmac | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Great Southern Bank |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| HSBC | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| ING | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Macquarie Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| ME Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| MyState Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| NAB | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Newcastle Permanent |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| RACQ Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| RAMS | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Resimac | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| St. George Bank |
0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Suncorp Bank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| UBank | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Virgin Money | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
| Westpac | 0.25 | 0.25 | – | 0.25 | 0.25 | – | – | – | – | 0.25 | – |
Annual interest rate increases for existing customers.
-:
Annual interest rate changes 2022
r lenderThe cash rate set by the RBA rose by 3.00% per annum in 2022.
- Lender has not decided a rate yet
- Passed on the same rate as the RBA
- Passed on less than the RBA
- Passed on more than the RBA
- The RBA and lenders did not change the interest rates
| Lender | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|
| RBA | 0.25% | 0.50% | 0.50% | 0.50% | 0.50% | 0.25% | 0.25% | 0.25% |
| Adelaide Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| AMP Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| ANZ | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Athena Home Loans |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Australian Military Bank |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Auswide Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bank Australia | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bank First | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bank of Melbourne | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bank of Queensland | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bank of Sydney | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| BankSA | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bankwest | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bendigo Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Beyond Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Bluestone | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Citi | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Commonwealth Bank |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Firstmac | 0.25 | 0.50 | 0.50 | 0.50 | 0.60 | 0.25 | 0.25 | 0.25 |
| Great Southern Bank |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| HSBC | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| ING | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Macquarie Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| ME Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| MyState Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| NAB | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Newcastle Permanent |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| RACQ Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| RAMS | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Resimac | 0.25 | 0.50 | 0.50 | 0.50 | 0.65 | 0.25 | 0.25 | 0.25 |
| St. George Bank |
0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Suncorp Bank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| UBank | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Virgin Money | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
| Westpac | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 |
Annual interest rate increases for existing customers.
Interest rate changes in 2025 brought a sigh of relief to many homeowners.
But, with rate increases now back to where they were before the 2025 rate cuts, it’s a good time to check in on your home loan and make sure it’s still working for you.
Information last updated 7 May 2026.
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