ANZ the last of the Big 4 to slash fixed rates

By Niko Iliakis · · 3 min read
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Today, ANZ slashed rates across a range of its fixed rate home loans, making it the latest in a long list of lenders to make cuts.

With the Commonwealth Bank, NAB and Westpac all having made cuts of their own last month, it was only a matter of time before ANZ followed suit.

The cuts range from 20 to 60 basis points, and apply to both owner occupier and investor loans.

ANZ Owner occupier home loan rate changes

ProductOld rateChangeNew rate
ANZ 3 Year Fixed Home Loan (P&I)3.99%-0.30%3.69% (4.94% comparison rate*)
ANZ 5 Year Fixed Home Loan (P&I)4.19%-0.20%3.99% (4.89% comparison rate*)
ANZ 2 Year Fixed Home Loan (Interest Only)4.49%-0.20%4.29% (5.13% comparison rate*)
ANZ 3 Year Fixed Home Loan (Interest Only)4.59%-0.60%3.99% (5.00% comparison rate*)
ANZ 5 Year Fixed Home Loan (Interest Only)5.09%-0.59%4.50% (5.07% comparison rate*)

Cuts to investment loans range from 6 to 30 basis points. Interest rates for a 3 year investor loan (principal and interest) now sit at 3.99% p.a. (5.44% p.a. comparison rate*) following a 20 basis point cut.

This follows Tuesday’s announcement that the RBA would hold the cash rate steady for another month. Anticipation of an upcoming cut is now stronger than ever, and we’re seeing many banks already pricing the decision into their interest rates.

Along with ANZ, Macquarie also made changes across its fixed rate sheet today. Its Basic Home Loan, available for owner occupiers paying principal and interest, saw cuts of between 10 and 15 basis points.

Owner occupiers looking to lock in a one year term will now be able to take advantage of a low 3.59% p.a. interest rate (3.69% p.a. comparison rate*).

This week also saw sizeable cuts from RAMS. Rates for its Fixed Rate Home Loan, available for owner occupiers paying principal and interest, dropped by between 10 and 40 basis points. Its two year fixed rate option now sits at 3.59% p.a. (5.36% p.a. comparison rate*).

So if you’ve been on the market for a home loan, the latest batch of cuts might have you feeling optimistic. Before you make your next move, be sure to check out our fixed rate home loan comparison page, or check out some quality options below.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 1 October 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing

  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    Interest rate
    4.65 % p.a.
    Fixed 1 year
    Comparison rate
    5.43 % p.a.
    Initial monthly repayment
    $2,578
    Go to site
    • No ongoing annual fees
    • Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
    • Lock in for up to 5 years.

  • Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • Interest only
    • 20% min deposit
    Interest rate
    4.65 % p.a.
    Fixed 1 year
    Comparison rate
    5.48 % p.a.
    Initial monthly repayment
    $2,578
    Go to site
    • Free extra repayments of up to $25,000 during the fixed rate period.
    • Split loan available
    • Weekly, fortnightly, or monthly repayment options

  • Optimum Fixed Rate Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    4.69 % p.a.
    Fixed 1 year
    Comparison rate
    5.73 % p.a.
    Initial monthly repayment
    $2,590
    Go to site
    • No application, establishment or monthly fees
    • Make extra repayments up to $20,000 per year
    • Free redraw facility to access additional funds

  • 2-Year Fixed Simple Home Loan Special

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Refinance only
    • Redraw available
    Interest rate
    4.70 % p.a.
    Fixed 2 years
    Comparison rate
    5.14 % p.a.
    Initial monthly repayment
    $2,593
    Go to site
    • No application, ongoing or monthly fees
    • Make unlimited extra repayments and access funds with free redraw
    • Get up to $1,000 towards legal and valuation costs (T&Cs apply)

  • 2-Year Fixed Complete Home Loan Special

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Refinance only
    • Offset available
    • Redraw available
    Interest rate
    4.70 % p.a.
    Fixed 2 years
    Comparison rate
    5.62 % p.a.
    Initial monthly repayment
    $2,593
    Go to site
    • Offset account can help you save on interest
    • Make unlimited extra repayments and access funds with free redraw
    • Get up to $1,000 towards legal and valuation costs (T&Cs apply)

  • 1-Year Fixed Simple Home Loan Special

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Refinance only
    • Redraw available
    Interest rate
    4.99 % p.a.
    Fixed 1 year
    Comparison rate
    5.22 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • No application, ongoing or monthly fees
    • Make unlimited extra repayments and access funds with free redraw
    • Get up to $1,000 towards legal and valuation costs (T&Cs apply)

  • Fixed Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • Redraw available
    • Cashback
    Interest rate
    4.99 % p.a.
    Fixed 2 years
    Comparison rate
    5.47 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Get up to $4,000 cashback (T&Cs apply)
    • Up to 12 months repayments in advance without penalties
    • Split loan available

  • 1-Year Fixed Complete Home Loan Special

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Refinance only
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Fixed 1 year
    Comparison rate
    5.71 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Offset account can help you save on interest
    • Make unlimited extra repayments and access funds with free redraw
    • Get up to $1,000 towards legal and valuation costs (T&Cs apply)
Showing 8 results from 375 home loans. Use the filters to see more

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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