ANZ leaves variable mortgage rates unchanged following independent monthly review

Larry SchlesingerSeptember 13, 2012

ANZ has left its variable mortgage rates unchanged today following its monthly independent interest rates review.

This follows the RBA leaving the cash rate unchanged at 3.50% on September 5.

The bank's standard variable mortgage rate remains at 6.8% per annum.

It's the fifth month in a row that the bank has not adjusted its variable mortgage rates since moving out of the step with the RBA in January.

On April 13 the bank lifted variable mortgage rates by 0.06 percentage points after the RBA left rates unchanged at its April 4 meeting.

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Editor's Picks

Above Zero to launch Glyndon in Camberwell
Sunkin takes luxury to new heights at Highett Common
The K2K Plan to transform Kensington and Anzac Parade corridor
Bathla launches Hillview Terrace, North Kellyville townhouse development
“A lifestyle destination rather than a holiday destination” Why the Gold Coast is now more boom than bust