These lenders have hiked fixed-rate home loans in July

House rising

The RBA’s decision to pause rate hikes earlier this month has seen most lenders hold variable rate loans—or, in some cases, actually cut home loan rates. But banks have been a bit more cautious with fixed interest loans and, in some cases, have decided to lift rates.

While a lot of fixed rate home loans are currently sitting at the 6% and 7% range, the averages across all terms in the Mozo database are actually lower than the average variable home loan rate. For example, the average for a 2 year fixed interest loan is 6.20% while the average variable rate loan is 6.59%. 

Fixed Rate Average
Variable Average
1 Year
2 Year
3 Year
4 Year
5 Year
6.25%
6.22%
6.19%
6.44%
6.43%
6.59%

* Correct as of 25 July

Who has hiked fixed rate loans in July?

So far in July a couple of providers have raised their fixed rate loans, including some of the big four and a variety of major banks in the past week. 

The list below will be updated in case any other banks decide to raise fixed rate loans throughout July.   

The Big Four

  • Commonwealth Bank increased a wide range of fixed home loans with its 2 year fixed loan going from 6.69%, to 6.99% a hike of 30 basis points.  
  • ANZ hiked its fixed interest owner-occupier home loans with their 2 year rate rising from 5.99% up to 6.54%—an increase of 55 basis points. 
  • Westpac lifted a few of its fixed rate home loans with the Fixed Options Home Loan rising by 40 basis points for a two year term.
  • NAB hiked rates with the 2 year fixed term for the Tailored Home Loan increasing by 30 basis points

Major Banks & Challengers

  • Macquarie pushed up its fixed rate for owner-occupiers by 36 basis points.
  • HSBC hiked its 2 year fixed term for owner occupiers up by 20 basis points.
  • Suncorp raised rates for owner-occupiers (<80% LVR) across its standard and special offer fixed home loans.
  • Bank of Queensland lifted rates across multiple fixed rate loans with its 2 year Discounted Fixed Rate rising by 40 basis points. 
  • Virgin Money raised rates on the Reward Me Fixed Rate Home Loan by 60 basis points for both owner occupiers and investors across all terms.
  • ME Bank hiked the Flexible Home Loan rate by 40 basis points for its owner occupier loans.
  • Bank Australia increased  most of its owner-occupier rates by 10 basis points, with the 2 year Basic Home Loan for owner-occupiers rising from 5.74% to 5.84%.
  • BankSA hiked its 2 year Fixed Home Loan by 40 basis points for both investors and owner-occupiers
  • St George lifted the rate on its Fixed Home Loan with its 2 year loan rising by 40 basis points

Thinking of switching home loans? At Mozo, our database tracks a  wide range of home loan products from many of Australia’s lenders and banks so you can compare and find a suitable home loan for you. 

Last updated 5 May 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
    • Interest only
    • 20% min deposit
    Interest rate
    5.49 % p.a.
    Fixed 2 years
    Comparison rate
    5.96 % p.a.
    Initial monthly repayment
    $2,836
    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
  • Fixed Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.69 % p.a.
    Fixed 2 years
    Comparison rate
    6.00 % p.a.
    Initial monthly repayment
    $2,899
    Go to site
    • Get up to $4,000 cashback (T&Cs apply)
    • Up to 12 months repayments in advance without penalties
    • Split loan available
  • Fixed Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    5.81 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
    • $0 application fee to pay
    • Additional repayments up to $20,000/year
    • Apply in as little as 15 minutes
  • Flex Home Loan

    • Fixed rate
    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.79 % p.a.
    Fixed 2 years
    Comparison rate
    6.07 % p.a.
    Initial monthly repayment
    $2,931
    Go to site
    • Multiple offset accounts available
    • Free extra repayments
    • Easy redraw facility
Showing 4 results from 415 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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