Australian Home Loan Interest Rates in June 2019.
The RBA reduced the Reserve Bank Cash Rate down to 1.25% at the beginning of June 2019, and most banks followed by reducing their Interest rates on Home Loans.
Some examples are shown below:
(Note: One bank that only reduced by 0.22% actually shows a final lower interest rate than the others. This shows you must check all actual rates, not just the reduction.)
HSBC Home Loan Interest Rates.
With effect from 17 June 2019, HSBC reduced their variable home loan interest rates for owner occupier and investors by 0.22% p.a.
HSBC Home Value Loan from 3.47% pa (www.hsbc.com.au/…/home-value)
NAB Home Loan Interest Rates.
NAB announced it will reduce all variable home loan interest rates by 0.25% per annum., effective from June 14th 2019.
NAB Special offer for owner occupiers, principal & interest from 3.54% p.a (www.nab.com.au/…/home-loan-interest-rates)
Ubank Home Loan Interest Rates.
Ubank are passing on the full 0.25% p.a. RBA rate cut to all new and existing variable rate home loan customers, effective from June 28th 2019.
Ubank – UHomeLoan rates from 3.59% pa. (www.ubank.com.au/home-loans)
Ubank currently offer a 2.99% p.a. Fixed rate for one year, or 3.24% for three years.
CBA Home Loan Interest Rates.
With effect from 25 June 2019, Commonwealth Bank will reduce interest rates on Standard Variable Rate (SVR) home loans by 0.25% per annum.
CBA Low Variable Rate from 3.89% pa (www.commbank.com.au/home-loans.html)
ANZ Home Loan Interest Rates.
ANZ announced it will decrease variable interest home loan rates in Australia by 0.18% as of 14 June 2019.
4.53% ANZ Simplicity PLUS Home Loan Rate (www.anz.com.au/…/rate-changes)
Westpac Home Loan Interest Rates.
Westpac announced it will decrease variable interest home loan rates in Australia by 0.20% as of 18 June 2019.
Westpac has introduced a new first home buyer special for owner occupier principal and interest customers with a fixed rate of 3.49% p.a. for five years. (www.westpac.com.au/a…/2019/4-june)
New June 2019 Standard Variable Home Loan Rate.
Ubank’s Standard Variable Rate home loan is ?% per annum. (is it 3.59%?)
NAB’s Standard Variable Rate home loan is 5.11% per annum.
HSBC’s Standard Variable Rate home loan is 5.11% per annum.
CBA’s Standard Variable Rate home loan is 5.12% per annum.
ANZ’s Standard Variable Rate home loan is 5.18% per annum.
Westpac’s Standard Variable Rate home loan is 5.18% per annum.