Our Interest Rates are changing

WHAT IS CHANGING?

In response to the recent RBA decision to increase cash rates and with a need to accommodate the constant market changes we are making some adjustments to our home loan interest rates. The increase to new lending has a portion of the 25 basis point RBA increase delivered in May now factored in. At the time Auswide had elected not to pass it on to new lending interest rates.

Effective from Wednesday 20th July 2022 the following changes to our interest rates will take effect:

Increases in Rates for New Lending

• Owner Occupied & Investment Basic Variable increasing by 0.70%
• Owner Occupied & Investment Freedom Package Variable and Revert Variable increasing by 0.70%
• Owner Occupied & Investment Lines of Credit increasing by 0.70%
• Owner Occupied Home Loan Plus (Bridging Loan) Standard Variable IO increasing by 0.50%
• Owner Occupied and Investment Fixed Interest Rates increasing as per rate schedule tables below
• Owner Occupied and Investment Fixed Rates available to existing customers switching to fixed rate or re-fixing

Existing Home Loan Reference Rates

• Owner Occupied Variable Home Loans increasing by 0.50%
• Investment Variable Home Loans increasing by 0.50%
• Lines of Credit increasing by 0.50%

WHAT IS NOT CHANGING?

• Investor Campaign Bonus Offer  – Investment loan receives 0.20% bonus discount when Owner Occupied loan is also brought to Auswide

Please refer to our current Interest Rate Guides available here on our Broker Website.