ANZ raises home loan interest rates

By |
Interest rates at all of Australia’s big four banks will be higher this time next month after ANZ announced it too will increase interest rates on investor and owner-occupied home loans.
 
ANZ announced late last week that from 20 November, the standard variable rate for owner-occupier home loans will increase by 0.18% to 5.56%, while the standard variable rate for residential investment loans will also increase by 0.18% to 5.83%.   
 
ANZ chief executive officer Mark Whelan echoed the other majors, saying changed capital requirements were the reason for the increase.
 
“This decision reflects the significant additional cost of capital banks are now required to hold against home lending,” Whelan said.
 
“Despite these additional costs, we are committed to working hard to keep lending rates as low as possible for customers and we’re pleased to have been able to maintain the lowest standard rate of the major banks for owner occupiers,” he said.
 
According to ANZ, the 0.18% increase will add $36 per month to the average home loan of $242,000.
 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : queens park , alexandra hills , tuart hill , alderley , newcastle

go back

Get help with your investment property



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here