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Last Updated: 14/08/2025
Great news for borrowers: following the RBA’s decision to cut the official cash rate by 0.25% on August 12, 2025, bringing it down to 3.60%, a number of lenders have already confirmed they’ll be passing the full reduction on to variable home loan customers.
Here’s a quick summary of some lenders who are moving and when:
| Lender | Rate Change | Effective Date |
|---|---|---|
| Macquarie Bank | 0.25% decrease | Fri 15 Aug 2025 |
| Yellow Brick Road | 0.25% decrease | Thu 14 Aug 2025 |
| ANZ | 0.25% decrease | Fri 22 Aug 2025 |
| Bankwest | 0.25% decrease | Fri 22 Aug 2025 |
| Commonwealth Bank | 0.25% decrease | Fri 22 Aug 2025 |
| NAB | 0.25% decrease | Mon 25 Aug 2025 |
| Suncorp Bank | 0.25% decrease | Fri 22 Aug 2025 |
| AMP | 0.25% decrease | Mon 25 Aug 2025 |
| ING | 0.25% decrease | Tue 26 Aug 2025 |
| St.George Bank | 0.25% decrease | Tue 26 Aug 2025 |
| Westpac | 0.25% decrease | Tue 26 Aug 2025 |
| Pepper Money | 0.25% decrease | Thu 28 Aug 2025 |
Some Lenders Require Action: Here’s Why That Matters
While many lenders automatically reduce rates for variable home loan customers, some require you to get in touch to request the change, especially if you’re on a loan product that isn’t directly linked to the lender’s advertised rate or was set up on older terms.
If your lender has announced a cut but your repayment amount or rate hasn’t changed, you may need to take action to benefit from the rate drop.
And this is where having a mortgage broker on your side can make a big difference.
Why Work With a Broker Right Now?
A mortgage broker doesn’t just help you secure a loan at the start, they can help you stay on top of changes like this over time.
Here’s what we can do for you:
- Follow up with lenders on your behalf to ensure rate changes are applied
- Explain what the rate cut means for your specific loan
- Review your current rate and structure to see if a better option exists
- Compare across lenders if your current provider hasn’t passed on the cut in full
- Negotiate with your lender on your behalf
If you’re unsure whether your loan has changed or want help understanding what this rate cut means for you, get in touch, we’re here to help you make the most of this rate cutting environment.
