Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
We lend to community housing providers to help them build affordable and social housing for people who need it, and specialist disability accommodation providers that build homes suited to people with complex care needs.
Highlights
We’ve been lending to the community housing sector for over 15 years, lending over $400m since 2006
We were one of the first banks in Australia to lend for specialist disability accommodation
We lend to community housing providers to help them build affordable and social housing for people who need it, and specialist disability accommodation providers that build homes suited to people with complex care needs.
Highlights
We’ve been lending to the community housing sector for over 15 years, lending over $400m since 2006
We were one of the first banks in Australia to lend for specialist disability accommodation
Bank Australia was the first bank in the country to lend to customers for specialist disability accommodation (SDA), and to date has funded loans for housing projects in Victoria, New South Wales, the Northern Territory and Queensland.
At Bank Australia we respectfully acknowledge the Traditional Custodians of all the lands on which we work and pay our respects to the elders past present and emerging. Our head office is located on the land of the Wurundjeri people of the Kulin nation. We recognise their continued connection to the land, waters and culture and we acknowledge their sovereignty has never been ceded. We acknowledge the constant resistance and resilience of First Nations people in their fight for self-determination.
We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people and a referendum to enshrine a First Nations Voice in the Constitution. We see reconciliation as a fundamental responsibility for Bank Australia and we are committed to advancing reconciliation with Australia’s First Peoples.
