Macquarie to raise rates by 20 bps

Macquarie to raise rates by 20 bps
Jonathan ChancellorOctober 27, 2015

Macquarie has joined the big four and St George Bank in increasing their variable rates for owner-occupiers and investors.

With a 20 basis points rise, Macquarie’s standard variable rate will be 5.70% for home owners, and 5.97% for investors.

St George opted for a 15bp rise, which will bring their owner-occupied variable rate to 5.69% and investment rate to 5.94%.

Their rate increases come into effect November 20.

Macquarie operates on the same APRA controlled internal risk-weighting model as Australia’s four major banks.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

Far East Consortium launches new Melbourne CBD apartment tower, 640 Bourke Street
PERIFA takes over Balmain Leagues Club site for Rozelle Village development
Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025