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Media Release

St.George cuts variable home loan interest rates

2 July 2019

St.George today announced a range of mortgage rate decreases for variable home loan customers, including a reduction of .20% per annum (p.a) for owner occupier customers and a reduction of .30% p.a. for investor customers with interest only repayments.

The following interest rate changes will come into effect on Tuesday 16 July 2019.

  • Variable home loan (owner occupier) rate has been reduced by .20% p.a. to 4.96% p.a. for customers with principal and interest repayments.
  • Variable residential investment property loan reduced by .20% p.a. to 5.52% p.a. for customers with principal and interest repayments.
  • Variable home loan (owner occupier) rate reduced by .20% p.a. to 5.55% p.a. for customers with interest only repayments.
  • Variable residential investment property loan rate reduced by .30% p.a. to 5.81% p.a. for customers with interest only repayments.

For an owner-occupier customer with a standard variable home loan of $400,000 on principal and interest repayments, the .20% p.a. rate reduction will result in a saving of $800 each year.

Customers who would like information on this rate change are encouraged to contact their local branch or call St.George Customer Care on 13 33 30.

Customers who have concerns with their home loan repayments can contact St.George Assist on 1800 629 795.

Media enquiries:

Mary-Louise Dare

M: 0434 699 605
E: westpacmediarelations@westpac.com.au