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Canstar.com.au data has found 35 lenders have hiked interest rates in the past month.<\/p>\n
Homeowners have been hit as 35 lenders hike interest rates before Christmas \u2013 with a shock twist as seven others quietly cut theirs. See the list.<\/p>\n
The surge in hikes has been driven by fixed home loans, with Canstar.com.au data showing lenders have been pricing in higher interest rates for weeks, well before the Reserve Bank Governor Michele Bullock all but ruled out further cuts. <\/p>\n
MORE: Rates bombshell: hike timeline drops days before Xmas<\/a><\/p>\n Posh suburb melts over Aussie pensioner\u2019s lonely dog plea<\/a><\/p>\n 19 lenders have moved on fixed rates in the past week alone.<\/p>\n In the past week alone, the number of lenders hiking fixed rates jumped from 15 to 19, piling pressure on households already stretched by the cost of living.<\/p>\n The wave of fixed-rate hikes that swept the market between December 9 and 17 included Aussie, Australian Mutual Bank, Bank Australia, Bank First, Bank of China, Bank of Melbourne, BankSA, Great Southern Bank, Heritage Bank, ING, NAB, People\u2019s Choice, Police Credit Union, Qudos Bank, St. George Bank, Summerland Bank, Suncorp Bank, Ubank and Westpac. See the full list below.<\/p>\n It came as a surprise pocket of competition emerged on the variable loan front, where seven lenders cut at least one product in the past month \u2013 with just one lifting it. <\/p>\n The rare market divide has left borrowers scrambling to work out what their next move should be given predictions RBA will hike the cash rate target in February.<\/p>\n MORE: Shock move \u2018forcing out\u2019 these Aus workers<\/a><\/p>\n Up $136k in a year: House price surges as Qld booms<\/a><\/p>\n Canstar Data Insights director Sally Tindall, has warned homeowners that a competitive interest rate should be under 5.25 per cent in the current climate.<\/p>\n SCROLL DOWN TO SEE FULL LIST<\/p>\n Canstar data insights director Sally Tindall said the late-year rate chaos was a clear warning sign for 2026.<\/p>\n \u201cA week out from Christmas, the mortgage market shows little sign of slowing down,\u201d she told The Courier-Mail. \u201cFixed rates are rising on the tide of economic forecasts, many of which are now predicting rate hikes instead of cuts.\u201d<\/p>\n \u201cCanstar data shows 35 lenders have hiked at least one fixed rate in the last 30 days \u2013 a clear sign banks have been pricing in hikes for a number of weeks now, well before the RBA Governor stood up and all but ruled out the possibility of further cuts.\u201d<\/p>\n Ms Tindall said while fixed loans were surging, variable rates were largely holding \u2013 and in some cases falling \u2013 driven by fierce competition. <\/p>\n Those who have cut variables this month include Aussie, Auswide Bank, Bank of China, Bank of Us. MyState Bank, P&N Bank and Unloan.<\/p>\n \u201cThe catch is these cuts are for new customers only,\u201d she said. \u201cIf you want to benefit, you may have to consider jumping ship.\u201d<\/p>\n MORE: 178pc rise: Lady Gaga sparks Aus frenzy <\/a><\/p>\n<\/p>\n
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