For the second month in a row, Australia’s cash rate has been cut, but fewer banks and lenders are expected to fully pass on this month’s cut to home loan interest rates. Savings.com.au will keep you updated with the latest rate cut announcements.

The Reserve Bank of Australia (RBA) followed up last month’s cut (the first in nearly three years) with another 25 basis point (0.25% point) reduction this month from 1.25% to 1.00%.

Savings.com.au will provide regular updates below of which lenders are announcing they are passing on this July rate cut to home loans.

Current low rate home loans

You can also see how your loan’s interest rate compares with some of the current sharpest home loan rates Savings.com.au has found on offer across the big four banks, the top 10 customer-owned institutions and the larger non-banks:

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Which banks will cut interest rates?

All cuts below refer to lenders’ responses to the RBA’s July rate cut.

Check out the October RBA Rate Cut page to see the latest rate cut announcements.

Last updated: 01/08/19

Note: P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers

Please also note that the “new lowest advertised variable rates” listed for each lender excludes introductory & honeymoon rates and package rates. Rates are correct at the time of the last update to this page. Lowest rates will only be listed if they are new (i.e. the rate became that lender’s lowest rate after some or all of the RBA’s June cash rate cut were passed on) and currently available.

Adelaide Bank interest rate cut

AMP interest rate cut

ANZ Bank interest rate cut

Athena interest rate cut

Australian Unity interest rate cut

Auswide Bank interest rate cut

Bank Australia interest rate cut

BankFirst interest rate cut

Bank of Melbourne interest rate cut

Bank of Sydney interest rate cut

BankSA interest rate cut

BankVic interest rate cut

Bankwest interest rate cut

BCU interest rate cut

Bendigo Bank interest rate cut

Beyond Bank interest rate cut

Bank of Queensland interest rate cut

Citi interest rate cut

Commonwealth Bank interest rate cut

Credit Union SA interest rate cut

CUA interest rate cut

Defence Bank interest rate cut

G&C Mutual Bank interest rate cut

Gateway Bank interest rate cut

Greater Bank interest rate cut

Heritage Bank interest rate cut

Homestar Finance interest rate cut

HomeStart Finance interest rate cut

Horizon Credit Union interest rate cut

HSBC interest rate cut

Hume Bank interest rate cut

Hunter United interest rate cut

IMB Bank interest rate cut

ING interest rate cut

Liberty interest rate cut

Loans.com.au interest rate cut

Macquarie Bank interest rate cut

ME Bank interest rate cut

Mortgage House interest rate cut

MOVE Bank interest rate cut

MyState interest rate cut

NAB interest rate cut

Newcastle Permanent interest rate cut

P&N Bank interest rate cut

People’s Choice CU interest rate cut

Pepper Money interest rate cut

Police Bank interest rate cut

Police Credit Union interest rate cut

QBank interest rate cut

Qudos Bank interest rate cut

RACQ Bank interest rate cut

RAMS interest rate cut

Reduce Home Loans interest rate cut

Resimac interest rate cut

SCU interest rate cut

State Custodians interest rate cut

St. George Bank interest rate cut

Suncorp interest rate cut

Teachers Mutual Bank interest rate cut

The Mutual Bank interest rate cut

TicToc interest rate cut

UBank interest rate cut

Unibank interest rate cut

Unity Bank interest rate cut

Virgin Money interest rate cut

Westpac interest rate cut

Adelaide Bank interest rate cut

Rate cut : 15-20 basis points (0.15-0.20% points)

: 15-20 basis points (0.15-0.20% points) Applies to : New and existing home loan customers including Variable OO P&I home loan rates (20 points) Variable OO IO home loan rates (20 points) Variable investor P&I home loan rates (15 points) Variable investor IO home loan rates (15 points)

: New and existing home loan customers including Announcement date : 05 July 2019

: 05 July 2019 Effective date: 29 July 2019 (27 days after RBA decision)

29 July 2019 (27 days after RBA decision) June rate cut: 15-20 basis points (0.15-0.20% points)

15-20 basis points (0.15-0.20% points) New lowest advertised variable rate: 3.32% (3.36% comparison rate*) for OO P&I borrowers with LVR under 90%

3.32% (3.36% comparison rate*) for OO P&I borrowers with LVR under 90% Other info:

AMP Bank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All variable rate home loans

All variable rate home loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 22 July 2019 (20 days after RBA decision)

22 July 2019 (20 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.74% (3.77% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.74% (3.77% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info: AMP will also cut two and three-year fixed rate home loans by up to 53 points

ANZ Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable interest rates for Australian home and residential investment loans

All variable interest rates for Australian home and residential investment loans Announcement date : 2 July 2019

: 2 July 2019 Effective date: 12 July 2019 (10 days after RBA decision)

12 July 2019 (10 days after RBA decision) June rate cut : 18 basis points (0.18% points)

: 18 basis points (0.18% points) New lowest advertised variable rate: 3.38%pa (3.42%pa comp rate*) for OO P&I borrowers with up to 80% LVR

3.38%pa (3.42%pa comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Athena interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Both existing and new customers.

Both existing and new customers. Announcement date : 02 July 2019

: 02 July 2019 Effective date: 02 July 2019 (0 days after RBA decision)

02 July 2019 (0 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.09% p.a. (3.05%pa comp rate*) for OO P&I with up to 80% LVR

3.09% p.a. (3.05%pa comp rate*) for OO P&I with up to 80% LVR Other info:

Australian Unity interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Existing variable owner occupier home loan and Wealth Builder investor loan rates

Existing variable owner occupier home loan and Wealth Builder investor loan rates Announcement date : 05 July 2019

: 05 July 2019 Effective date: 30 July 2019 (28 days after RBA decision)

30 July 2019 (28 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.24% p.a. (3.27% p.a. comparison rate*) for OO P&I customers with up to 80% LVR

3.24% p.a. (3.27% p.a. comparison rate*) for OO P&I customers with up to 80% LVR Other info:

Auswide Bank interest rate cut

Rate cut : 10-25 basis points (0.10-0.25% points)

: 10-25 basis points (0.10-0.25% points) Applies to: New and existing customers: ‘RBA Rate Tracker Home Loan’ (25 basis points) Owner occupiers and investors with P&I repayments (18 basis points) IO home loans (10 basis points)

New and existing customers: Announcement date : 02 July 2019 (‘Rate Tracker Home Loan’ rate cut), 08 July 2019 (other cuts)

: 02 July 2019 (‘Rate Tracker Home Loan’ rate cut), 08 July 2019 (other cuts) Effective date: 02 July 2019 (‘Rate Tracker Home Loan’ rate cut), 30 July 2019 (other cuts)

02 July 2019 (‘Rate Tracker Home Loan’ rate cut), 30 July 2019 (other cuts) June rate cut : 25 basis points for all variable P&I home loan customers (0.25% points)

: 25 basis points for all variable P&I home loan customers (0.25% points) New lowest advertised variable rate: 3.49% p.a. (3.51%pa comp rate*) for OO P&I borrowers with up to 80% LVR

3.49% p.a. (3.51%pa comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Bank Australia interest rate cut

Rate cut : 16 basis points (0.16% points)

: 16 basis points (0.16% points) Applies to: All owner occupier home loan and investment loan customers

All owner occupier home loan and investment loan customers Announcement date : 04 July 2019

: 04 July 2019 Effective date: 22 July 2019 (20 days after RBA decision)

22 July 2019 (20 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.35% (3.36% comparison rate*) for OO P&I borrowers with LVR under 80%

3.35% (3.36% comparison rate*) for OO P&I borrowers with LVR under 80% Other info:

BankFirst interest rate cut

Rate cut : 13-25 basis points (0.13-0.25% points)

: 13-25 basis points (0.13-0.25% points) Applies to: Various OO and Investor home loans: 0.25% p.a. reduction on Standard Home Loan. 0.13% p.a. reduction on Premier Package Home Loan. 0.13% p.a. reduction on Complete Home Loan. 0.13% p.a. reduction on First Rate Home Loan. Up to 0.25% p.a. reductions on other variable Home Loan rates. Up to 0.25% p.a. reductions on fixed Home Loan rates.

Various OO and Investor home loans: Announcement date : 10 July 2019

: 10 July 2019 Effective date: 26 July 2019 (24 days after RBA decision)

26 July 2019 (24 days after RBA decision) June rate cut : 7-30 basis points (0.07-0.30% points)

: 7-30 basis points (0.07-0.30% points) New lowest advertised variable rate: 3.52% (3.57% comp. rate) for owner occupiers with LVR of 80% or less

3.52% (3.57% comp. rate) for owner occupiers with LVR of 80% or less Other info:

Bank of Melbourne interest rate cut

Rate cut : 20-30 basis points (0.20-0.30% points)

: 20-30 basis points (0.20-0.30% points) Applies to : New and existing home loan customers: Variable OO P&I home loans (20 points) Variable residential investment property loan P&I (20 points) Variable OO IO home loans (20 points) Variable residential investment property loan IO (30 points)

: New and existing home loan customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut: 20-35 basis points (0.20-0.35% points)

20-35 basis points (0.20-0.35% points) New lowest advertised variable rate: 3.39% (3.41% comparison rate*) for Basic Promo Variable P&I 60%.

3.39% (3.41% comparison rate*) for Basic Promo Variable P&I 60%. Other info:

Bank of Sydney interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: Standard variable rate for all home loans (OO and Investor, P&I and IO)

Standard variable rate for all home loans (OO and Investor, P&I and IO) Announcement date : 05 July 2019

: 05 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut : 20-25 basis points (0.20-0.25% points)

: 20-25 basis points (0.20-0.25% points) New lowest advertised variable rate: 3.11% p.a. (3.13% p.a. comparison rate*) for OO P&I customers with up to 90% LVR

3.11% p.a. (3.13% p.a. comparison rate*) for OO P&I customers with up to 90% LVR Other info:

Bank of Queensland interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All variable home loan interest rates

All variable home loan interest rates Announcement date : 04 July 2019

: 04 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.59% p.a. (3.75% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR.

3.59% p.a. (3.75% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR. Other info: Also offering 2-year introductory rate of 3.39% p.a. (3.91% p.a. comparison rate*)

BankSA interest rate cut

Rate cut : 20-30 basis points (0.20-0.30% points)

: 20-30 basis points (0.20-0.30% points) Applies to: New and existing home loan customers: Variable OO P&I home loans (20 points) Variable residential investment property loan P&I (20 points), Variable OO IO home loans (20 points) Variable residential investment property loan IO (30 points)

New and existing home loan customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut: 20-35 basis points (0.20-0.35% points)

20-35 basis points (0.20-0.35% points) New lowest advertised variable rate: 3.39% (3.41% comparison rate*) for Basic Promo Variable P&I with 95% LVR or less.

3.39% (3.41% comparison rate*) for Basic Promo Variable P&I with 95% LVR or less. Other info:

BankVic interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All owner-occupied and investor home loans

All owner-occupied and investor home loans Announcement date : 09 July 2019

: 09 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.48% (3.52% comparison rate*) for OO P&I borrowers

3.48% (3.52% comparison rate*) for OO P&I borrowers Other info:

Bankwest interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: All standard variable and Investor variable mortgages

All standard variable and Investor variable mortgages Announcement date : 04 July 2019

: 04 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.80% p.a. (3.82% p.a. comparison rate*) for OO P&I borrowers with up to 90% LVR

3.80% p.a. (3.82% p.a. comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

BCU interest rate cut

Rate cut : 20-25 basis points (0.20-0.25% points)

: 20-25 basis points (0.20-0.25% points) Applies to: New and existing variable home loan customers: Owner Occupied Standard Variable Rate (25 points) Owner Occupied Maximum Discounted Variable Rate (25 points) Investment Standard Variable Rate (25 points) Investment Maximum Discounted Variable Rate (25 points) OO OMG loan (20 points) Investment OMG loan (20 points)

New and existing variable home loan customers: Announcement date : 04 July 2019

: 04 July 2019 Effective date: 01 August 2019 (30 days after RBA decision)

01 August 2019 (30 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.34% (3.38% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.34% (3.38% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Bendigo Bank interest rate cut

Rate cut : 15-20 basis points (0.15-0.20% points)

: 15-20 basis points (0.15-0.20% points) Applies to : New and existing home loan customers including Variable OO P&I home loan rates (20 points) Variable OO IO home loan rates (20 points) Variable investor P&I home loan rates (15 points) Variable investor IO home loan rates (15 points)

: New and existing home loan customers including Announcement date : 05 July 2019

: 05 July 2019 Effective date: 29 July 2019 (27 days after RBA decision)

29 July 2019 (27 days after RBA decision) June rate cut: 15-20 basis points (0.15-0.20% points)

15-20 basis points (0.15-0.20% points) New lowest advertised variable rate: 3.29% p.a. (3.45% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR

3.29% p.a. (3.45% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Beyond Bank interest rate cut

Rate cut : 17 basis points (0.17% points)

: 17 basis points (0.17% points) Applies to: Variable rate home loans (new and existing)

Variable rate home loans (new and existing) Announcement date : 10 July 2019

: 10 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 15-25 basis points (0.15-0.25% points)

15-25 basis points (0.15-0.25% points) New lowest advertised variable rate: 3.47% p.a. (3.47% p.a. comparison rate*) for OO P&I customers with up to 80% LVR

3.47% p.a. (3.47% p.a. comparison rate*) for OO P&I customers with up to 80% LVR Other info:

Citi interest rate cut

Rate cut : 18 basis points (0.18% points)

: 18 basis points (0.18% points) Applies to: All residential variable rate home loan products, excluding Lines of Credit facilities which will reduce by 0.15%

All residential variable rate home loan products, excluding Lines of Credit facilities which will reduce by 0.15% Announcement date : 08 July 2019

: 08 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.21% p.a. (3.24% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR

3.21% p.a. (3.24% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Commonwealth Bank interest rate cut

Rate cut : 19-25 basis points (0.19-0.25% points)

: 19-25 basis points (0.19-0.25% points) Applies to: New and existing home loan customers: OO P&I standard variable rate home loans (19 points) Investor P&I standard variable rate home loans (19 points) OO IO standard variable rate home loans (25 points) Investor IO standard variable rate home loans (25 points)

New and existing home loan customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.35% p.a. (3.36% p.a. comparison rate*) for OO P&I borrowers with up to 70% LVR

3.35% p.a. (3.36% p.a. comparison rate*) for OO P&I borrowers with up to 70% LVR Other info:

Credit Union SA interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All new and existing variable rate home loans with the exceptions of: New and existing OO IO home loans (10 points) Existing lines of credit and home equity accounts (10 points) Variable Package Special Offer rates (not yet announced)

All new and existing variable rate home loans with the exceptions of: Announcement date : 12 July 2019

: 12 July 2019 Effective date: 24 July 2019 (22 days after RBA decision)

24 July 2019 (22 days after RBA decision) June rate cut: 20 basis points (0.20% points)

20 basis points (0.20% points) New lowest advertised variable rate: 3.59% (3.61% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.59% (3.61% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: No existing rates for home loans will be reduced below the new Variable Package Special Offer rate.

CUA interest rate cut

Rate cut : 17 basis points (0.17% points)

: 17 basis points (0.17% points) Applies to: All variable CUA home loan products, excluding CUA Rate Breaker

All variable CUA home loan products, excluding CUA Rate Breaker Announcement date : 04 July 2019

: 04 July 2019 Effective date: 10 July 2019 (8 days after RBA decision)

10 July 2019 (8 days after RBA decision) June rate cut : 10-25 basis points (0.10-0.25% points)

: 10-25 basis points (0.10-0.25% points) New lowest advertised variable rate: 3.33%pa (3.38%pa comp rate) for OO P&I borrowers with up to 90% LVR

3.33%pa (3.38%pa comp rate) for OO P&I borrowers with up to 90% LVR Other info: CUA Rate Breaker members will receive rate reductions in line with the relevant terms and conditions for that product.

Defence Bank interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: All and new variable rate home loans

All and new variable rate home loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 17 July 2019 (15 days after RBA decision)

17 July 2019 (15 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.51% (3.51% comparison rate*) for OO P&I customers

3.51% (3.51% comparison rate*) for OO P&I customers Other info:

G&C Mutual Bank interest rate cut

Rate cut : 10-20 basis points (0.10-0.20% points)

: 10-20 basis points (0.10-0.20% points) Applies to: Variable and investment home loans for new and existing customers

Variable and investment home loans for new and existing customers Effective date: 01 August 2019 for existing customers (30 days after RBA decision), 15 July 2019 for new customers (13 days after RBA decision)

01 August 2019 for existing customers (30 days after RBA decision), 15 July 2019 for new customers (13 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.49% (3.52% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.49% (3.52% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Gateway Bank interest rate cut

Rate cut : Up to 20 basis points (0.20% points)

: Up to 20 basis points (0.20% points) Applies to: Variable and investment home loans

Variable and investment home loans Effective date: 23 July 2019 (27 days after RBA decision)

23 July 2019 (27 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.19% p.a. (3.22% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR

3.19% p.a. (3.22% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Greater Bank interest rate cut

Rate cut : 15-25 basis points (0.15-0.25% points)

: 15-25 basis points (0.15-0.25% points) Applies to: Existing variable OO home loans (25 points) and Investor home loans (15 points)

Existing variable OO home loans (25 points) and Investor home loans (15 points) Announcement date : 03 July 2019

: 03 July 2019 Effective date: 29 July 2019 (27 days after RBA decision)

29 July 2019 (27 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.47% p.a. (3.48% p.a. comparison rate*) for OO P&I customers with up to 90% LVR

3.47% p.a. (3.48% p.a. comparison rate*) for OO P&I customers with up to 90% LVR Other info:

Heritage Bank interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: Variable home loan rates

Variable home loan rates Announcement date : 05 July 2019

: 05 July 2019 Effective date: 18 July 2019 (16 days after RBA decision)

18 July 2019 (16 days after RBA decision) June rate cut: 20 basis points (0.20% points)

20 basis points (0.20% points) New lowest advertised variable rate: 3.42% (3.47% comparison rate*) for OO P&I customers with up to 80% LVR

3.42% (3.47% comparison rate*) for OO P&I customers with up to 80% LVR Other info: Heritage will also cut its fixed rate home loans by up to 30 points, variable personal loans by 25 points and credit cards by 25 points

Homestar Finance interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Standard variable home loan rates for all customers

Standard variable home loan rates for all customers Announcement date : 02 July 2019

: 02 July 2019 Effective date: 02 July 2019 (0 days after RBA decision)

02 July 2019 (0 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 2.99% (2.99% comp rate*) for OO P&I new customers with up to 80% LVR

2.99% (2.99% comp rate*) for OO P&I new customers with up to 80% LVR Other info:

Homestart Finance interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Standard variable interest rate

Standard variable interest rate Announcement date : 05 July 2019

: 05 July 2019 Effective date: 18 July 2019 (16 days after RBA decision)

18 July 2019 (16 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 4.94% (5.01% comparison rate*) for OO P&I borrowers with up to 95% LVR

4.94% (5.01% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Horizon Credit Union interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All variable rate mortgages

All variable rate mortgages Announcement date : 12 July 2019

: 12 July 2019 Effective date: 15 July 2019 (13 days after RBA decision)

15 July 2019 (13 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.84% p.a. (4.01% p.a. comparison rate*) for OO P&I customers with up to 95% LVR.

3.84% p.a. (4.01% p.a. comparison rate*) for OO P&I customers with up to 95% LVR. Other info:

HSBC interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All variable home loan rates for new and existing customers (OO and investors)

All variable home loan rates for new and existing customers (OO and investors) Announcement date : 04 July 2019

: 04 July 2019 Effective date: 22 July 2019 (20 days after RBA decision)

22 July 2019 (20 days after RBA decision) June rate cut: 22 basis points (0.22% points)

22 basis points (0.22% points) New lowest advertised variable rate: 3.27% (3.28% comparison rate*) for OO P&I customers with up to 80% LVR.

3.27% (3.28% comparison rate*) for OO P&I customers with up to 80% LVR. Other info:

Hume Bank interest rate cut

Rate cut : 10-15basis points (0.10-0.15% points)

: 10-15basis points (0.10-0.15% points) Applies to: Variable rate home loans including Standard and basic variable rate OO P&I products (15 points) Flex Low Rate home loan (10 points) Variable rate investment P&I products (10 points)

Variable rate home loans including Announcement date : 15 July 2019

: 15 July 2019 Effective date: 01 August 2019 (30 days after RBA decision)

01 August 2019 (30 days after RBA decision) June rate cut: 10-20 basis points (0.10-0.20% points)

10-20 basis points (0.10-0.20% points) New lowest advertised variable rate: 3.39% (3.39% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.39% (3.39% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Hunter United interest rate cut

Rate cut : 5-20 basis points (0.05-0.20% points)

: 5-20 basis points (0.05-0.20% points) Applies to: Variable home loans: No Regrets 1st Home Buyers Loan (20 points) No Regrets Home Loan (20 points) Platinum Home Loan (10 points) Platinum Investment Home Loan (7 points) Green Home Loan Special (10 points) Basic Home Loan (5 points)

Variable home loans: Announcement date : 05 July 2019

: 05 July 2019 Effective date: 12 July 2019 (10 days after RBA decision)

12 July 2019 (10 days after RBA decision) June rate cut: 25 basis points on variable home loans (0.25% points)

25 basis points on variable home loans (0.25% points) New lowest advertised variable rate: 3.27%pa (3.37%pa comp rate*) for OO P&I first home buyers with up to 90% LVR

3.27%pa (3.37%pa comp rate*) for OO P&I first home buyers with up to 90% LVR Other info:

IMB Bank interest rate cut

Rate cut : 18 basis points (0.18% points)

: 18 basis points (0.18% points) Applies to: Variable home loan interest rates for both OO and investor borrowers

Variable home loan interest rates for both OO and investor borrowers Announcement date : 05 July 2019

: 05 July 2019 Effective date: 25 July 2019 (23 days after RBA decision)

25 July 2019 (23 days after RBA decision) June rate cut: 25 basis points on residential and business lending products

25 basis points on residential and business lending products New lowest advertised variable rate: 3.36% p.a. (3.39% p.a. comparison rate*) for OO P&I customers with up to 90% LVR

3.36% p.a. (3.39% p.a. comparison rate*) for OO P&I customers with up to 90% LVR Other info:

ING interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: All variable home loan rates for new and existing customers

All variable home loan rates for new and existing customers Announcement date : 03 July 2019

: 03 July 2019 Effective date: 18 July 2019 (16 days after RBA decision)

18 July 2019 (16 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.14% (3.17% comparison rate) for OO P&I customers borrowing $1million+ with up to 80% LVR

3.14% (3.17% comparison rate) for OO P&I customers borrowing $1million+ with up to 80% LVR Other info:

Liberty interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: Existing variable home loan customers

Existing variable home loan customers Announcement date : 04 July 2019

: 04 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points for existing customers (0.25% points)

25 basis points for existing customers (0.25% points) New lowest advertised variable rate: 3.50% p.a (3.57% p.a. comparison rate*) for OO P&I borrowers with up to 65% LVR

3.50% p.a (3.57% p.a. comparison rate*) for OO P&I borrowers with up to 65% LVR Other info:

Loans.com.au interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All existing and new variable home loan customers

All existing and new variable home loan customers Announcement date : 03 July 2019

: 03 July 2019 Effective date: 26 July 2019 for all existing customers (24 days after RBA decision)

26 July 2019 for all existing customers (24 days after RBA decision) June rate cut: 20 basis points (0.20% points)

20 basis points (0.20% points) New lowest advertised variable rate: 3.03%pa (3.05%pa comp rate*) for OO P&I borrowers with up to 80% LVR

3.03%pa (3.05%pa comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Macquarie Bank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: “Standard variable home loan rates”

“Standard variable home loan rates” Announcement date : 2 July 2019

: 2 July 2019 Effective date: 18 July 2019 for existing loans (16 days after RBA decision), 05 July for new loans (3 days after RBA decision)

18 July 2019 for existing loans (16 days after RBA decision), 05 July for new loans (3 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.24%pa (3.24%pa comp rate*) for OO P&I borrowers with up to 70% LVR

3.24%pa (3.24%pa comp rate*) for OO P&I borrowers with up to 70% LVR Other info: Macquarie will also cut fixed home loan rates by 40 basis points from 05 July 2019

ME Bank interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All existing variable home loan customers

All existing variable home loan customers Announcement date : 03 July 2019

: 03 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.57% p.a. (3.59% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR

3.57% p.a. (3.59% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Mortgage House interest rate cut

Rate cut : 15-50 basis points (0.15-0.50% points)

: 15-50 basis points (0.15-0.50% points) Applies to: Various loans for new customers: OO P&I variable loans (20-50 points) Investor P&I (40 points) Investor IO (15 points)

Various loans for new customers: Announcement date : n/a

: n/a Effective date: 19 July 2019 (17 days after RBA decision)

19 July 2019 (17 days after RBA decision) June rate cut: 10-70 basis points (0.10-0.70% points)

10-70 basis points (0.10-0.70% points) Lowest advertised variable rate: 2.99% (3.22% comparison rate*) for OO P&I customers with up to 60% LVR.

2.99% (3.22% comparison rate*) for OO P&I customers with up to 60% LVR. Other info: Existing customer rate cuts were not publicly disclosed

Move Bank interest rate cut

Rate cut : 20-30 basis points (0.15% points)

: 20-30 basis points (0.15% points) Applies to: A number of home loans for new and existing customers: Standard Variable Home Loan, myHome Package, Economy Home Loan and First Home Loan Variable interest rates will be reduced by 0.20% points Straightforward Home Loan will be reduced by 0.25% points First Home Loan- Special 1Y Introductory Fixed Rate will be reduced by 0.30% points Wealth Builder Loan, Standard Variable Investment Loan and myWealth Package will be reduced by 0.20% points

A number of home loans for new and existing customers:

Announcement date : 15 July 2019

: 15 July 2019 Effective date: 01 August 2019 for existing customers (30 days after RBA decision), 17 July 2019 for new customers (15 days after RBA decision)

01 August 2019 for existing customers (30 days after RBA decision), 17 July 2019 for new customers (15 days after RBA decision) June rate cut: up to 25 basis points (0.25% points)

up to 25 basis points (0.25% points) New lowest advertised variable rate: 3.24% (3.28% comparison rate*) for new OO P&I customers with up to 95% LVR.

3.24% (3.28% comparison rate*) for new OO P&I customers with up to 95% LVR. Other info:

MyState interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: New and existing loans

New and existing loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 15 July 2019 for new loans (13 days after RBA decision) and 29 July 2019 for existing loans (27 days after RBA decision)

15 July 2019 for new loans (13 days after RBA decision) and 29 July 2019 for existing loans (27 days after RBA decision) June rate cut: 20 basis points (0.20% points)

20 basis points (0.20% points) New lowest advertised variable rate: 3.58% (3.61% comp. rate) on Basic Variable home loan for new customers

3.58% (3.61% comp. rate) on Basic Variable home loan for new customers Other info: Interest-only loans will decrease by 10 points for both new and existing loans.

NAB interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: New and existing customers on variable loans (OO and Investor, P&I and IO)

New and existing customers on variable loans (OO and Investor, P&I and IO) Announcement date : 2 July 2019

: 2 July 2019 Effective date: 12 July 2019 (10 days after RBA decision)

12 July 2019 (10 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.35% pa (3.39% pa comp rate*) for OO P&I borrowers with up to 80% LVR

3.35% pa (3.39% pa comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Newcastle Permanent interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All home loan products including OO, IO and Investment home loans.

All home loan products including OO, IO and Investment home loans. Announcement date : 3 July 2019

: 3 July 2019 Effective date: 29 July 2019 (27 days after RBA decision)

29 July 2019 (27 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.49% p.a. (3.53% p.a. comp rate*) for OO P&I borrowers with up to 90% LVR

3.49% p.a. (3.53% p.a. comp rate*) for OO P&I borrowers with up to 90% LVR Other info:

P&N Bank interest rate cut

Rate cut : Up to 18 basis points (0.18% points)

: Up to 18 basis points (0.18% points) Applies to: Variable rate home loans

Variable rate home loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 18 basis points on most variable home loans (0.18% points)

18 basis points on most variable home loans (0.18% points) New lowest advertised variable rate: 3.63% p.a. (3.63% p.a. comparison rate*) for OO P&I borrowers with LVR under 90%

3.63% p.a. (3.63% p.a. comparison rate*) for OO P&I borrowers with LVR under 90% Other info:

People’s Choice CU interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: Standard variable home loan rates for existing members

Standard variable home loan rates for existing members Announcement date : 05 July 2019

: 05 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut: 25 basis points on standard variable home loan rates for existing members and variable business loan rates

25 basis points on standard variable home loan rates for existing members and variable business loan rates New lowest advertised variable rate: 4.07% p.a. (4.12% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR

4.07% p.a. (4.12% p.a. comparison rate*) for OO P&I borrowers with up to 80% LVR Other info: Various business loan rates will also be cut by 15 basis points.

Pepper Money interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Existing customers on variable rate home loans

Existing customers on variable rate home loans Announcement date : 09 July 2019

: 09 July 2019 Effective date: 22 July 2019

22 July 2019 June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.36% (3.56% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.36% (3.56% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

Police Bank interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All variable rate OO home loans except the Goldrate Home Loans.

All variable rate OO home loans except the Goldrate Home Loans. Announcement date : 10 July 2019

: 10 July 2019 Effective date: Not announced

Not announced June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate:

Other info:

Police Credit Union interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All variable home and investment term loan interest rates.

All variable home and investment term loan interest rates. Announcement date : 12 July 2019

: 12 July 2019 Effective date: 12 August 2019 (41 days after RBA’s decision)

12 August 2019 (41 days after RBA’s decision) June rate cut: 15-25 basis points (0.15-0.25% points)

15-25 basis points (0.15-0.25% points) New lowest advertised variable rate:

Other info:

QBank interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: Variable rate home loan products for owner occupiers and investors.

Variable rate home loan products for owner occupiers and investors. Announcement date : 11 July 2019

: 11 July 2019 Effective date: 25 July 2019 (23 days after RBA’s decision)

25 July 2019 (23 days after RBA’s decision) June rate cut: 18 basis points (0.18% points)

18 basis points (0.18% points) New lowest advertised variable rate: 3.46% (3.49% comparison rate*) for OO P&I borrowers with up to 95% LVR

3.46% (3.49% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Qudos Bank interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All existing and new variable rate home loans

All existing and new variable rate home loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.29% (3.29% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.29% (3.29% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

RACQ Bank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable home loans

All variable home loans Announcement date : 3 July 2019

: 3 July 2019 Effective date: 10 August 2019 (8 days after RBA decision)

10 August 2019 (8 days after RBA decision) June rate cut: 25 basis points (0.25% points)

25 basis points (0.25% points) New lowest advertised variable rate: 3.19% p.a. (3.19% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR

3.19% p.a. (3.19% p.a. comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

RAMS interest rate cut

Rate cut : 20-30 basis points (0.20-0.30% points)

: 20-30 basis points (0.20-0.30% points) Applies to : New and existing home loan customers: Variable OO P&I home loans (20 points) Variable residential investment property loan P&I (20 points) Variable OO IO home loans (20 points) Variable residential investment property loan IO (30 points)

: New and existing home loan customers: Announcement date : 2 July 2019

: 2 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) New lowest advertised variable rate: 4.11% (4.17% comparison rate*) for OO P&I borrowers with up to 95% LVR

4.11% (4.17% comparison rate*) for OO P&I borrowers with up to 95% LVR Other info:

Reduce Home Loans interest rate cut

Rate cut : Up to 22 basis points (0.22% points)

: Up to 22 basis points (0.22% points) Applies to: Some loans for new and existing customers

Some loans for new and existing customers Announcement date : 02 July 2019 (for new customers), 17 July 2019 (for existing customers)

: 02 July 2019 (for new customers), 17 July 2019 (for existing customers) Effective date: 15 August 2019 for existing customers (44 days after RBA decision), 02 July 2019 for new customers

15 August 2019 for existing customers (44 days after RBA decision), 02 July 2019 for new customers June rate cut : 25 basis points (0.25% points) (effective 22 July for existing customers)

: 25 basis points (0.25% points) (effective 22 July for existing customers) New lowest advertised variable rate: 2.89% (2.89% comp rate*) for OO P&I borrowers with up to 80% LVR

2.89% (2.89% comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Resimac interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Prime and specialist mortgages

Prime and specialist mortgages Announcement date : 02 July 2019

: 02 July 2019 Effective date: 24 July 2019 (22 days after RBA decision)

24 July 2019 (22 days after RBA decision) June rate cut : not publicly disclosed

: not publicly disclosed New lowest advertised variable rate: 3.40% (3.45% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.40% (3.45% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

SCU interest rate cut

Rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) Applies to: “All variable rate mortgage secured loans”

“All variable rate mortgage secured loans” Announcement date : 15 July 2019

: 15 July 2019 Effective date: 01 August 2019 for existing customers (30 days after RBA decision), 10 July 2019 for new customers (8 days after RBA decision)

01 August 2019 for existing customers (30 days after RBA decision), 10 July 2019 for new customers (8 days after RBA decision) June rate cut : 20-25 basis points (0.20-0.25% points)

: 20-25 basis points (0.20-0.25% points) New lowest advertised variable rate: 3.37% p.a. (3.42% p.a. comparison rate*) for OO P&I customers

3.37% p.a. (3.42% p.a. comparison rate*) for OO P&I customers Other info:

State Custodians interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: Most home loan products for new and existing customers: Low Rate Home Loan Breathe Easy Peak Performance Standard Variable Specialist Loans

Most home loan products for new and existing customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 24 July 2019 (22 days after RBA’s decision)

24 July 2019 (22 days after RBA’s decision) New lowest advertised variable rate: 3.15% p.a. (3.17% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR

3.15% p.a. (3.17% p.a. comp rate*) for OO P&I borrowers with up to 80% LVR Other info:

Suncorp Bank interest rate cut

Rate cut : 19 basis points (0.19% points)

: 19 basis points (0.19% points) Applies to: Variable rates for owner-occupiers and investors

Variable rates for owner-occupiers and investors Announcement date : 03 July 2019

: 03 July 2019 Effective date: 19 July 2019 (17 days after RBA decision)

19 July 2019 (17 days after RBA decision) June rate cut : 20 basis points (0.20% points)

: 20 basis points (0.20% points) New lowest advertised variable rate: 3.29% (3.30% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.29% (3.30% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

St. George interest rate cut

Rate cut : 20-30 basis points (0.20-0.30% points)

: 20-30 basis points (0.20-0.30% points) Applies to: New and existing home loan customers: Variable OO P&I home loans (20 points) Variable residential investment property loan P&I (20 points), Variable OO IO home loans (20 points) Variable residential investment property loan IO (30 points)

New and existing home loan customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut : 20-35 basis points (0.20-0.35% points)

: 20-35 basis points (0.20-0.35% points) New lowest advertised variable rate: 3.38% (3.40% comparison rate) for OO P&I borrowers with LVR under 60%

3.38% (3.40% comparison rate) for OO P&I borrowers with LVR under 60% Other info:

Teachers Mutual Bank interest rate cut

Rate cut : Undisclosed

: Undisclosed Applies to: A number of its Owner Occupier and Investor variable interest rates for new and existing borrowers

A number of its Owner Occupier and Investor variable interest rates for new and existing borrowers Announcement date : 19 July 2019

: 19 July 2019 Effective date: 1 August 2019 (30 days after RBA decision)

1 August 2019 (30 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.42% (3.46% comparison rate*) for OO P&I borrowers with up to 85% LVR

3.42% (3.46% comparison rate*) for OO P&I borrowers with up to 85% LVR Other info:

The Mutual Bank interest rate cut

Rate cut : 10-20 basis points (0.10-0.20% points)

: 10-20 basis points (0.10-0.20% points) Applies to: The following variable interest rate loans: Variable OO home loans (10 points) Variable investment home loans (20 points)

The following variable interest rate loans: Announcement date : 03 July 2019

: 03 July 2019 Effective date: 19 July 2019 (17 days after RBA decision)

19 July 2019 (17 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.98% (3.98% comparison rate*) for OO P&I borrowers with up to 90% LVR

3.98% (3.98% comparison rate*) for OO P&I borrowers with up to 90% LVR Other info:

TicToc interest rate cut

Rate cut : Up to 20 basis points (0.20% points)

: Up to 20 basis points (0.20% points) Applies to: New and existing customers

New and existing customers Announcement date : 05 July 2019

: 05 July 2019 Effective date: 05 July for new customers (3 days after RBA decision)

05 July for new customers (3 days after RBA decision) June rate cut : Up to 20 basis points (0.20% points)

: Up to 20 basis points (0.20% points) New lowest advertised variable rate: 3.07%pa (3.08%pa comp rate*) for OO P&I borrowers with up to 80% LVR

3.07%pa (3.08%pa comp rate*) for OO P&I borrowers with up to 80% LVR Other info: Effective date for existing customers not confirmed

UBank interest rate cut

Rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) Applies to: All variable rate home loans

All variable rate home loans Announcement date : 05 July 2019

: 05 July 2019 Effective date: 02 August 2019 (31 days after RBA decision)

02 August 2019 (31 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.09% p.a. (3.09% p.a. comp rate*)

3.09% p.a. (3.09% p.a. comp rate*) Other info:

UniBank interest rate cut

Rate cut : Undisclosed

: Undisclosed Applies to: A number of its Owner Occupier and Investor variable interest rates for new and existing borrowers

A number of its Owner Occupier and Investor variable interest rates for new and existing borrowers Announcement date : 19 July 2019

: 19 July 2019 Effective date: 01 August 2019 (30 days after RBA decision)

01 August 2019 (30 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.42% (3.46% comparison rate*) for OO P&I borrowers with up to 85% LVR

3.42% (3.46% comparison rate*) for OO P&I borrowers with up to 85% LVR Other info:

Unity Bank interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: All new and existing variable OO and investment home loans

All new and existing variable OO and investment home loans Announcement date : 18 July 2019

: 18 July 2019 Effective date: 01 August 2019 (30 days after RBA decision)

01 August 2019 (30 days after RBA decision) June rate cut : 15-18 basis points (0.15-0.18% points)

: 15-18 basis points (0.15-0.18% points) New lowest advertised variable rate: 3.66% (3.71% comparison rate*) for OO P&I borrowers with up to 80% LVR

3.66% (3.71% comparison rate*) for OO P&I borrowers with up to 80% LVR Other info:

Virgin Money interest rate cut

Rate cut : 15 basis points (0.15% points)

: 15 basis points (0.15% points) Applies to: Standard variable home loan rate

Standard variable home loan rate Announcement date : 04 July 2019

: 04 July 2019 Effective date: 23 July 2019 (21 days after RBA decision)

23 July 2019 (21 days after RBA decision) June rate cut : 25 basis points (0.25% points)

: 25 basis points (0.25% points) New lowest advertised variable rate: 3.33% p.a. (3.47% p.a. comparison rate*) for OO P&I borrowers with up to 60% LVR

3.33% p.a. (3.47% p.a. comparison rate*) for OO P&I borrowers with up to 60% LVR Other info:

Westpac interest rate cut

Rate cut : 20-30 basis points (0.20-0.30% points)

: 20-30 basis points (0.20-0.30% points) Applies to: New and existing home loan customers: Variable OO P&I home loans (20 points) Variable residential investment property loan P&I (20 points), Variable OO IO home loans (20 points) Variable residential investment property loan IO (30 points)

New and existing home loan customers: Announcement date : 02 July 2019

: 02 July 2019 Effective date: 16 July 2019 (14 days after RBA decision)

16 July 2019 (14 days after RBA decision) June rate cut : 20-35 basis points (0.20%-0.35% points)

: 20-35 basis points (0.20%-0.35% points) New lowest advertised variable rate: 3.58% (3.59% comparison rate*) for new OO P&I customers

3.58% (3.59% comparison rate*) for new OO P&I customers Other info:

Disclaimers

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

The big four banks are: ANZ, CBA, NAB and Westpac

The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2019. They are (in descending order): Credit Union Australia, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.

The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.

Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site.

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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