ANZ shakes up the winter home loan market with new lower fixed rates. But these cuts are being 'paid for' by matching or larger cuts in term deposit rates

ANZ is shaking up the winter home loan market with new, lower fixed-term rates.

Its new six, 12, 18 and 24 month fixed rates are now all lower than any of ANZ's main rivals.

In fact they are all lower than any other bank except the Bank of China.

ANZ's six month 'special' has been lowered by -15 basis points to 5.14%.

Its one year fixed rate has been lowered by -16 bps to 4.79%.

The new 18 month fixed rate has been lowered by -10 bps to 4.79%.

And ANZ's 24 month rate has had a -6 bps trim to 4.89%.

These new rates are effective from Tuesday, August 12.

Sadly for savers, ANZ's term deposit rates have been cut across the board by  -15 bps (except the one year rate which is down -10 bps). For more on the ANZ TD rate cuts, see here.

Over the past week, wholesale swap rates have fallen on global risk aversion. (see chart below).

Here is the snapshot of the lowest advertised fixed-term mortgage rates on offer from the key retail banks at the moment.

Fixed, below 80% LVR	6 mths	1 yr	18 mth	2 yrs	3 yrs	4 yrs	5 yrs
as at August 12, 2025	%	%	%	%	%	%	%
ANZ	5.14 -0.15	4.79 -0.16	4.79 -0.10	4.89 -0.06	5.09	5.79	5.79
	5.29	4.89	4.89	4.95	5.09	5.49	5.69
	5.29	4.89	4.89	4.95	5.09	5.39	5.59
	5.29	4.89		4.95	5.15	5.59	5.79
	5.29	4.89	4.95	4.95	4.99	5.39	5.39
Bank of China	5.08	4.78	4.78	4.88	4.95	5.35	5.35
China Construction Bank	5.15	4.85	4.85	4.95	4.95	5.99	5.99
Co-operative Bank (*=FHB only)	5.25	4.75*	4.95	4.99	5.15	5.49	5.59
ICBC	5.15	4.85	4.85	4.95	5.05	5.35	5.39
	5.36	4.89	4.89	4.95	5.09	5.39	5.39
	5.49	4.89	5.09	4.95	5.29	5.79	5.89