Home and Investment Loan Update for June
Home loans and Property Investment Loans for June 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates on June 6th 2023. All lenders have increased their interest rates by 0.25%. These will take affect at various times of the month depending on each lenders policy. Most of the major banks will increase their interest rate by mid month.
Fixed rates for shorter term loans of less than 5 years have also increased. Longer term rates above 6% have remained stable.
Below we have listed some interest rates across commercial loan products. Please visit our main website for home loan interest rates.
Residential Loan Interest Rates
$4,000 CASH BACK for home and investment loans refinanced over $250,000. For more information request a Home Loan Quote
| Loan Type | Interest Rate | Loan to Value | Security Type | Quotes |
|---|---|---|---|---|
| Home Loan Interest Rates | ||||
| Variable Interest Rates | 5.31% CPR 5.37% | 95% | Residential | Enquire |
| Variable 100% Offset | 5.44% CPR 5.81% | 95% | Residential | Enquire |
| 1 Year Fixed | 5.49% CPR 5.70% | 95% | Residential | Enquire |
| 2 Year Fixed | 5.44% CPR 5.63% | 95% | Residential | Enquire |
| 3 Year Fixed | 5.39% CPR 5.56% | 95% | Residential | Enquire |
| 5 Year Fixed | 5.59% CPR 5.59% | 95% | Residential | Enquire |
| Investment Interest Rates | ||||
| Variable Interest Rates | 5.69% CPR 5.72% | 95% | Investment | Enquire |
| Self Managed Super Fund – SMSF | 6.69% CPR 7.27% | 95% | Investment | Enquire |
| 1 Year Fixed | 5.59% CPR 5.99% | 95% | Investment | Enquire |
| 2 Year Fixed | 5.64% CPR 5.91% | 95% | Investment | Enquire |
| 3 Year Fixed | 5.44% CPR 7.24% | 95% | Investment | Enquire |
| 5 Year Fixed | 5.74% CPR 5.76% | 95% | Investment | Enquire |
| Low Doc Interest Rates | ||||
| Variable Interest Rates from | 6.62% CPR 6.67% | 80% | Low Doc | Enquire |
| Fixed Rates from | 6.74% CPR 6.91% | 80% | Low Doc | Enquire |
Calculate the cost of home loan and property investment loan lending please feel free to use one of mortgage calculators.
For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.
If you have any questions about these announcements or interest rates, please feel free to contact us.
