1800 927 927
Contact Us
Find a BrokerIn this article:
Last Updated: 05/02/2026
The Reserve Bank of Australia has lifted the official cash rate by 0.25 percentage points, adding fresh pressure to household budgets already stretched by the cost of living.
As always, the RBA’s decision does not automatically mean every lender will increase home loan rates in lockstep. Each lender makes its own call on whether to pass the increase on in full, in part, or not at all.
Here is what we know so far.
| Lender | Rate increase | Effective date |
|---|---|---|
| Commonwealth Bank | 0.25% | 27 February 2026 |
| ANZ | 0.25% | 13 February 2026 |
| NAB | 0.25% | 13 February 2026 |
| Westpac | 0.25% | 17 February 2026 |
| Bank of Melbourne | 0.25% | 17 February 2026 |
| St George | 0.25% | 17 February 2026 |
| AMP Bank | 0.25% | 9 February 2026 |
| Macquarie Bank | 0.25% | 20 February 2026 |
| ING | 0.25% | 10 February 2026 |
| HSBC | 0.25% | 16 February 2026 |
| Bankwest | 0.25% | 13 February 2026 |
| Suncorp Bank | 0.25% | 13 February 2026 |
| Bendigo Bank | 0.25% | 11 February 2026 |
| UBank | 0.25% | 12 February 2026 |
| ME Bank | 0.25% | 7 February 2026 |
| Pepper Money | 0.25% | 13 February 2026 |
| Auswide Bank | 0.25% | 12 February 2026 |
| Bank Australia | 0.25% | 19 February 2026 |
| Newcastle Permanent | 0.25% | 13 February 2026 |
| Qudos Bank | 0.25% | 19 February 2026 |
| Australian Military Bank | 0.25% | 20 February 2026 |
| Greater Bank | 0.25% | 13 February 2026 |
Lenders passing on the full 0.25% increase
A number of major banks and non bank lenders have confirmed they will pass on the full 0.25% increase to variable rate home loans.
These lenders typically move quickly following an RBA decision and align their variable rates closely with changes to the cash rate.
For borrowers with loans in this category, repayments are likely to rise once the new rates take effect.
If your lender is passing on the full increase, your repayments will rise unless you are on a fixed rate.
If your lender is passing on only part of the increase or holding steady, that does not necessarily mean you are on the best deal available.
In a rising rate environment, small differences in interest rates can add up quickly over time. This is where reviewing your loan becomes critical, as it can help you understand:
- Whether your current rate is still competitive
- How much this rate hike will cost you in real dollar terms
- Whether refinancing could reduce the impact of future increases
Talk to a broker before making a move
Navigating a rate hike environment is not just about chasing the lowest advertised rate. It is about understanding lender policy, long term pricing behaviour, and which lenders are likely to be competitive for your situation.
A local Yellow Brick Road Home Loans broker can help you assess your options and guide you through what makes sense for you now and into the future.
