RBA Hike Pass-Through: Which Lenders Have Raised Variable Home Loan Rates, and When
What a cash rate decision does to your mortgage arrives lender by lender, on different dates. This article tracks only what each lender's own page says, so you can see which announcement applies to you, and when it takes effect.
We covered the decision itself in our report on the RBA November 3 decision. This article does not re-litigate that decision. It follows the pass-through since: to variable home loans, and, where published, to savings and deposit accounts.
The RBA decision in brief
The RBA Board decided to increase the cash rate target by 25 basis points to 4.85 per cent. Six members voted for that increase, and three members voted to leave the cash rate target unchanged at 4.60 per cent. Where a lender below has stated a size for its variable home loan change, it is 0.25% per annum, unless this article says otherwise. The exception is ANZ, where the lender's own page confirms a date but does not state a size, so no size is given for ANZ here.
Who has passed it on, and when
A rate change and a repayment change are not always the same day.
| Lender | Variable home loan change | Effective date | | --- | --- | --- | | Commonwealth Bank (CBA) | Up 0.25% per annum | 13 November 2026 | | National Australia Bank (NAB) | Up 0.25% per annum, standard variable rates | 13 November 2026 | | Bank of Melbourne | Up 0.25% for owner-occupier and investment loans | 13 November 2026 | | Bankwest | Up 0.25% per annum, standard variable rate | 13 November 2026 | | ANZ | Size not stated on the page checked | 13 November 2026 | | Beyond Bank | Up 0.25% for variable owner-occupier, investor and commercial loans | 17 November 2026 | | Macquarie Bank | Up 0.25% per annum, variable home loan reference rates | 19 November 2026 |
The 13 November group
Four stated 0.25% rises take effect Friday 13 November 2026, and ANZ's date-only confirmation is also 13 November. Commonwealth Bank says its variable home loans will increase by 0.25% per annum, effective Friday 13 November 2026, with the new rate visible in the CommBank app and NetBank from Saturday 14 November 2026. National Australia Bank will increase its variable home loan interest rates by 0.25% per annum from 13 November 2026, for standard variable rates.
Bank of Melbourne announced on Wednesday 4 November 2026 that its variable home loan interest rates change effective Friday 13 November 2026, with owner-occupier and investment property loans each rising by 0.25%. Fixed interest rate home loans are not affected by variable interest rate changes during the fixed rate term. Bankwest says its standard variable rate for new and existing home loans will increase by 0.25% per annum from 13 November 2026, on a rates page dated 4 November 2026, with no changes to loan structure or discounts applied.
ANZ: a date confirmed, but no size stated
ANZ's own home loan interest rate changes page states that the rate increase will be effective from 13 November 2026, and that customers will see the new interest rate in ANZ Internet Banking and the ANZ app from 14 November 2026. The size is not stated on the page checked, so this article does not state one for ANZ. Do not assume the ANZ change is 0.25% just because other lenders have announced that figure.
The later dates: Beyond Bank and Macquarie
Beyond Bank is increasing interest rates by 0.25% for variable owner-occupier, investor and commercial loans, after the RBA announced a 0.25% cash rate increase on 3 November 2026. The variable loan rate increase is effective from Tuesday 17 November 2026, and changes to repayments will be effective from 11 January 2027. That gap matters for budgeting: the rate changes in November, but repayments do not follow until January. Beyond Bank also publishes savings changes on the same page, effective Tuesday 17 November 2026: in brief, most savings tiers rise by between 0.15% and 0.30% per annum, while a small number are unchanged.
Macquarie Bank is increasing its variable home loan reference rates by 0.25% per annum, effective 19 November 2026, the latest date verified here. Macquarie is also increasing interest rates across its Transaction, Savings, Business Savings and Cash Management accounts effective 19 November 2026. On that page, the Macquarie Savings Account ongoing variable rate is shown as 5.50% per annum on balances up to $250,000, and the Transaction Account rate as 3.25% per annum.
A note on Westpac, and on savings more broadly
Westpac has a deposits page dated 4 November 2026 announcing deposit account interest rate changes effective 13 November 2026. That is a deposits announcement, not a home loan announcement. No November 2026 home loan pass-through announcement was found on Westpac's own site as checked on 4 November 2026, so no Westpac home loan figure or date is given here. That is narrower than saying Westpac announced nothing at all. Savings and deposit changes are covered here only where the lender's own page sets out a change: Macquarie and Beyond Bank.
What this could mean for a monthly repayment: an illustration only
The figures below are an illustration only, worked from a standard amortisation formula, with fees, offset balances and redraw excluded. They are not a lender rate or a market average. The illustration uses a $700,000 loan balance, with 25 years remaining, and a starting rate of 6.50% per annum rising to 6.75% per annum. The 6.50% starting rate is an illustrative assumption chosen only to make the arithmetic checkable, not a rate published by any lender named here. On those assumptions, the monthly repayment is $4,726.45 at 6.50% per annum, rising to $4,836.38 at 6.75% per annum, an increase of about $110 a month.
That about $110 figure must not be treated as universal. Your actual increase depends on your balance, starting rate and remaining term, on whether your lender passes on the full 0.25%, and on when your repayment changes. Check your lender's notice, rather than relying on this illustration.
What to check now
Check which date applies to you, and whether you are on a variable or a fixed rate. Fixed interest rate home loans are not affected by variable interest rate changes during the fixed rate term, as Bank of Melbourne states. Then check your own notice once the new rate is visible in your banking app. If that notice differs from the general announcements summarised here, your notice applies to your loan. If the new amount will be difficult to meet, speak to your lender early, before a payment is missed.
Frequently Asked Questions
Which lenders have announced a 0.25% variable home loan rise?
From the lenders' own pages checked on 4 November 2026: CBA, NAB, Bank of Melbourne, Bankwest, Beyond Bank and Macquarie Bank, on the dates in the table above. ANZ has confirmed an effective date of 13 November 2026, but the size of its increase was not stated on the page checked, so no size is given for ANZ here.
Has Westpac announced a home loan pass-through?
No November 2026 home loan pass-through announcement was found on Westpac's own site as checked on 4 November 2026. Westpac does have a separate deposits page dated 4 November 2026, effective 13 November 2026, but that is a deposits announcement, not a home loan announcement.
How much will my repayment rise?
That depends on your balance, your starting rate, and your remaining term. As an illustration only, a $700,000 loan with 25 years remaining, at an illustrative starting rate of 6.50% per annum rising to 6.75% per annum, would move from $4,726.45 a month to $4,836.38 a month, about $110 a month more. The 6.50% starting rate is an illustration, not a lender rate. Your actual change will differ.
Are fixed rate loans affected?
Fixed interest rate home loans are not affected by variable interest rate changes during the fixed rate term, as Bank of Melbourne states. Check your own loan terms for the position that applies to you.
This article summarises lender announcements and the RBA statement as checked on 4 November 2026. Lender notices to individual customers take precedence over general announcements. This is general information only, not financial advice.
