The competitive home lending market forces bank and non-bank lenders alike to pass on any increase or reduction in official interest rates to their own variable home loan rates. The table below shows how quickly and to what extent the most recent change in official rates is being passed on.
| Institution |
Effective For New Borrowers |
Effective For Existing Borrowers |
Old Rate |
New Rate |
Change |
| A M O | 14/11/2007
| 14/11/2007
| 7.58 | 7.83 | 0.25 |
| Adelaide Bank | 14/11/2007
| 14/11/2007
| 8.32 | 8.57 | 0.25 |
| AIMS Home Loans | 9/11/2007
| 9/11/2007
| 7.90 | 8.55 | 0.25 |
| AMP Banking | 9/11/2007
| 11/11/2007
| 7.62 | 7.87 | 0.25 |
| ANZ | 13/11/2007
| 13/11/2007
| 8.32 | 8.57 | 0.25 |
| Arab Bank | 12/11/2007
| 12/11/2007
| 8.30 | 8.55 | 0.25 |
| Aussie Home Loans | 12/11/2007
| 12/11/2007
| 8.20 | 8.45 | 0.25 |
| Austral Credit Union | 13/11/2007
| 13/11/2007
| 7.60 | 7.85 | 0.25 |
| Australian Central Credit Union | 15/11/2007
| 15/11/2007
| 8.32 | 8.57 | 0.25 |
| Award Mortgage Solutions |
|
| 7.42 | - | - |
| B&E Ltd | 16/11/2007
| 16/11/2007
| 8.27 | 8.52 | 0.25 |
| Banana Coast Community Credit Union | 13/11/2007
| 13/11/2007
| 7.92 | 8.17 | 0.25 |
| Bank of Queensland | 9/11/2007
| 9/11/2007
| 8.32 | 8.57 | 0.25 |
| Bank of South Australia | 9/11/2007
| 9/11/2007
| 8.32 | 8.57 | 0.25 |
| Bankstown City Credit Union | 3/12/2007
| 3/12/2007
| 7.69 | 7.94 | 0.25 |
| Bankwest | 13/11/2007
| 13/11/2007
| 8.32 | 8.52 | 0.20 |
| Bendigo Bank | 13/11/2007
| 13/11/2007
| 8.35 | 8.60 | 0.25 |
| Benefits Australia |
|
| 7.17 | - | - |
| Big Sky Credit Union | 19/11/2007
| 19/11/2007
| 7.20 | 8.45 | 0.25 |
| Blackberry Finance | 26/11/2007
| 26/11/2007
| 7.75 | 8.07 | 0.35 |
| BMC Mortgage Corp | 13/11/2007
| 13/11/2007
| 7.94 | 8.19 | 0.25 |
| Cairns Penny Savings & Loans | 15/11/2007
| 15/11/2007
| 8.25 | 8.50 | 0.25 |
| Capricornia Credit Union | 15/11/2007
| 15/11/2007
| 8.24 | 8.49 | 0.25 |
| Citibank Limited | 13/11/2007
| 13/11/2007
| 8.31 | 8.56 | 0.25 |
| Collins Home Loans | 20/11/2007
| 20/11/2007
| 7.79 | 8.04 | 0.25 |
| Colonial State Bank | 12/11/2007
| 12/11/2007
| 8.32 | 8.57 | 0.25 |
| Commonwealth Bank | 12/11/2007
| 12/11/2007
| 8.32 | 8.57 | 0.25 |
| Community CPS Australia | 19/11/2007
| 19/11/2007
| 8.30 | 8.55 | 0.25 |
| Community First Credit Union | 11/12/2007
| 11/12/2007
| 8.30 | 8.55 | 0.25 |
| Comtax Credit Union | 3/12/2007
| 3/12/2007
| 7.74 | 7.99 | 0.25 |
| Creative Mortgages | 16/11/2007
| 16/11/2007
| 7.84 | 7.16 | -0.68 |
| Credit Union Australia | 16/11/2007
| 16/11/2007
| 8.24 | 8.49 | 0.25 |
| Crystal Clear Home Loans |
|
| 7.32 | - | - |
| Delany Financial | 8/11/2007
| 8/11/2007
| 7.95 | 8.20 | 0.25 |
| Easy Street Financial Services | 11/12/2007
| 11/12/2007
| 7.55 | 7.80 | 0.25 |
| EasyChoice Home Loans |
|
| 7.79 | - | - |
| eChoice |
|
| 7.68 | - | - |
| Economy Home Loans | 13/11/2007
| 13/11/2007
| 7.55 | 7.80 | 0.25 |
| ELC Finance | 22/11/2007
| 22/11/2007
| 7.32 | 7.57 | 0.25 |
| EMortgage | 8/11/2007
| 8/11/2007
| 7.34 | 7.64 | 0.30 |
| Encompass Credit Union | 30/11/2007
| 30/11/2007
| 8.24 | 8.49 | 0.25 |
| First Permanent | 10/11/2007
| 10/11/2007
| 8.20 | 9.05 | 0.85 |
| Five Star Home Loans |
|
| 7.54 | - | - |
| Gateway Credit Union | 12/11/2007
| 12/11/2007
| 7.74 | 7.99 | 0.25 |
| GE Money | 8/11/2007
| 8/11/2007
| 7.72 | 7.97 | 0.25 |
| Heritage Building Society | 16/11/2007
| 16/11/2007
| 8.08 | 8.33 | 0.25 |
| HOME Building Society | 13/11/2007
| 13/11/2007
| 8.32 | 8.57 | 0.25 |
| Homeloans Ltd | 20/11/2007
| 20/11/2007
| 7.94 | 8.74 | 0.80 |
| HomePath | 12/11/2007
| 12/11/2007
| 7.46 | 7.71 | 0.25 |
| HomeSide Lending | 9/11/2007
| 9/11/2007
| 8.02 | 8.27 | 0.25 |
| HSBC | 12/11/2007
| 12/11/2007
| 8.27 | 5.57 | 0.30 |
| Iden Loan Services | 27/11/2007
| 27/11/2007
| 7.49 | 7.74 | 0.25 |
| Illawarra Credit Union |
|
| 8.30 | - | - |
| Image Finance | 13/11/2007
| 13/11/2007
| 7.80 | 7.95 | 0.15 |
| IMB | 12/11/2007
| 12/11/2007
| 8.32 | 8.57 | 0.25 |
| ING Bank | 9/11/2007
| 9/11/2007
| 8.24 | 8.49 | 0.25 |
| Intech Credit Union | 3/12/2007
| 3/12/2007
| 7.95 | 8.20 | 0.25 |
| Keystart Loans |
|
| 8.24 | - | - |
| La Trobe Home Loans of Australia | 20/11/2007
| 20/11/2007
| 8.39 | 8.64 | 0.25 |
| Liberty Financial | 21/11/2007
| 21/11/2007
| 7.94 | 8.65 | 0.71 |
| LoanAustralia | 27/11/2007
| 27/11/2007
| 7.45 | 7.70 | 0.25 |
| Macquarie Bank | 15/11/2007
| 15/11/2007
| 7.80 | 8.05 | 0.25 |
| Maroondah Credit Union |
|
| 8.05 | - | - |
| Maxis Loans | 30/11/2007
| 30/11/2007
| 7.99 | 8.24 | 0.25 |
| mecu | 12/11/2007
| 12/11/2007
| 8.30 | 8.55 | 0.25 |
| Members Equity | 25/11/2007
| 25/11/2007
| 7.74 | 7.99 | 0.25 |
| Meridian Mortgage | 18/12/2007
| 18/12/2007
| 8.49 | 8.74 | 0.25 |
| Morgan Brooks DIRECT | 7/11/2007
| 7/11/2007
| 7.50 | 7.75 | 0.25 |
| Mortgage Ezy | 12/11/2007
| 12/11/2007
| 7.54 | 7.99 | 0.25 |
| Mortgage House | 20/11/2007
| 20/11/2007
| 7.84 | 7.94 | 0.10 |
| My Rate | 20/11/2007
| 20/11/2007
| 7.45 | 7.70 | 0.25 |
| MyLoan MyWay | 19/11/2007
| 19/11/2007
| 7.46 | 7.71 | 0.25 |
| National Australia Bank | 9/11/2007
| 9/11/2007
| 8.32 | 8.57 | 0.25 |
| Nationwide Mortgage | 14/11/2007
| 14/11/2007
| 7.89 | 8.14 | 0.25 |
| Newcastle Permanent Building Society | 1/12/2007
| 1/12/2007
| 8.31 | 8.56 | 0.25 |
| Nova Star Home Loans | 20/11/2007
| 20/11/2007
| 7.79 | 8.14 | 0.35 |
| NSW Teachers Credit Union | 21/11/2007
| 21/11/2007
| 8.10 | 8.35 | 0.25 |
| one direct | 13/11/2007
| 13/11/2007
| 7.46 | 7.71 | 0.25 |
| Police and Nurses Credit Society | 16/11/2007
| 16/11/2007
| 8.30 | 8.55 | 0.25 |
| Police Credit | 12/11/2007
| 12/11/2007
| 8.15 | 8.39 | 0.24 |
| Power Credit Union | 19/11/2007
| 19/11/2007
| 7.95 | 8.20 | 0.25 |
| Professional Lending Corporation | 11/12/2007
| 11/12/2007
| 7.79 | 8.19 | 0.40 |
| Queensland Professional Credit Union | 10/12/2007
| 10/12/2007
| 7.80 | 8.05 | 0.25 |
| Queensland Teachers Credit Union | 19/11/2007
| 19/11/2007
| 8.32 | 8.57 | 0.25 |
| Queenslanders Credit Union |
|
| 7.79 | - | - |
| Quick Direct | 14/11/2007
| 14/11/2007
| 7.39 | 7.64 | 0.25 |
| Railways Credit Union | 1/12/2007
| 1/12/2007
| 7.55 | 7.80 | 0.25 |
| RAMS Home Loans | 8/11/2007
| 8/11/2007
| 8.57 | 8.82 | 0.25 |
| RateBusters | 29/11/2007
| 29/11/2007
| 7.40 | 7.65 | 0.25 |
| Real Estate Home Loans | 5/12/2007
| 5/12/2007
| 7.45 | 7.95 | 0.50 |
| RegionalOne Credit Union | 19/11/2007
| 19/11/2007
| 8.04 | 8.29 | 0.25 |
| RESI Mortgage Corporation | 14/11/2007
| 14/11/2007
| 7.84 | 8.09 | 0.25 |
| Royal Guardian Mortgage Corp |
|
| 7.54 | - | - |
| RTA Staff Credit Union | 20/11/2007
| 20/11/2007
| 7.54 | 7.79 | 0.25 |
| Sapphire Mortgage Services | 16/11/2007
| 16/11/2007
| 7.45 | 7.70 | 0.25 |
| Save Direct Home Loans |
|
| 7.40 | - | - |
| Savings & Loans Credit Union | 15/11/2007
| 15/11/2007
| 8.32 | 8.57 | 0.25 |
| Select Credit Union |
|
| 7.69 | - | - |
| SERVICE ONE Members Banking |
|
| 8.25 | 8.50 | 0.25 |
| South West Credit Union | 15/11/2007
| 15/11/2007
| 7.90 | 8.15 | 0.25 |
| St George Bank | 9/11/2007
| 9/11/2007
| 8.32 | 8.57 | 0.25 |
| Star Fund |
|
| 7.48 | - | - |
| Suncorp | 9/11/2007
| 9/11/2007
| 8.32 | 8.57 | 0.25 |
| Sydney Credit Union | 19/11/2007
| 19/11/2007
| 8.24 | 8.49 | 0.25 |
| Sydney Home Loans |
|
| 7.60 | - | - |
| Tasmania Finance | 12/11/2007
| 12/11/2007
| 7.95 | 8.20 | 0.25 |
| The Rock Building Society | 15/11/2007
| 15/11/2007
| 8.32 | 8.57 | 0.25 |
| Transcomm Credit Union | 1/12/2007
| 1/12/2007
| 8.25 | 8.50 | 0.25 |
| Trustar Mortgage |
|
| 7.99 | - | - |
| Unicom Credit Union |
|
| 8.30 | - | - |
| United Credit Union | 13/11/2007
| 13/11/2007
| 7.65 | 7.90 | 0.25 |
| Victoria Teachers Credit Union | 26/11/2007
| 26/11/2007
| 8.22 | 8.47 | 0.25 |
| Virgin Money | 15/11/2007
| 15/11/2007
| 7.59 | 7.84 | 0.25 |
| Wagga Mutual Credit Union | 20/11/2007
| 20/11/2007
| 8.20 | 8.45 | 0.25 |
| Westpac | 12/11/2007
| 12/11/2007
| 8.32 | 8.57 | 0.25 |
| Wizard Home Loans | 13/11/2007
| 13/11/2007
| 7.97 | 8.22 | 0.25 |
| Yes Home Loans |
|
| 7.79 | - | - |