Just hours after the RBA announced its expected rate hike of +25 bps, market leader and price setter Commbank has said it will pass on the increases in full to its customers on variable rates.
All home loan variable rate changes announced today (Tuesday) will be effective Friday, February 13, 2026.
Commenting on the changes, a Commbank spokesperson said: “We know that interest rate changes can create additional pressure for our home loan customers, which is why we’re focused on providing support and helping them stay in control of their finances.”
"Support" and 'help" appears to just be about selecting different payment options, not reduced rates.
Our home loan rate table here already has the new Commbank variable rates applied.
You can use this table to assess your effective rate, after package fees and costs are applied.
You can also check whether converting to a fixed rate would be worth it. You do have that option.
Variable rates are priced based on LVR levels, so it is wise to check you are on the correct rate.
Switching to another bank is also a live option at this time, although may involve more work than switching to a fixed rate option.
The chances of another rate hike on March 17, 2026 when the RBA next reviews rates isn't particularly high, but then it isn't zero either. A lot will depend on the ABS report of January CPI inflation which is released February 25, 2026. (The February CPI isn't released until March 25, after the RBA decision.) If the January CPI is also up 3.8% you wouldn't be unwise to worry about how the RBA might respond in March.
Other bank variable rate changes will be updated in our table as they come through.
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