Australian banksAustralian interest ratesAustralian Property

Westpac hikes rates on all mortgages

David Llewellyn-Smith
Friday, 17 March 2017
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Hello Westpac:

The bank said it would lift rates on variable rate loans for owner-occupiers with principal and interest payments by 3 basis points and for owner-occupiers with interest-only loans by 8 bps.

For property investors the variable loan rate for customers with principal and interest payments will rise by 23 basis points and for investors with interest-only loans they will rise 28 basis points.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.