Australian Banks Adjust Rates Ahead of Cash Rate Decision

The Reserve Bank of Australia's upcoming cash rate decision has prompted banks to adjust their rates, although not all have increased. Connective has launched a new white label range called Athena, offering residential lending options with features such as Prime Max lending up to 85 per cent LVR without LMI and flexible treatment of bonus and overtime income.

ING made variable rate changes across its Orange Advantage and Mortgage Simplifier home loans, effective September 23, 2026. Ubank increased fixed home loan rates across its Flex home loans, with changes taking effect on September 24, 2026.

Bankwest and Bank of Sydney have expanded LMI-free lending options for eligible professional borrowers, including lawyers, accountants, and medical professionals.