Distribution of variable rates
Number of loans in each rate band. Change is since 1 July and includes August RBA cuts
1-Oct
Change since 1-Jul
less than 3.4%
5
5
3.4 - 3.6
22
17
3.6 - 3.8
95
56
3.8 - 4
220
83
4 - 4.2
274
53
4.2 - 4.4
293
38
4.4 - 4.6
276
-11
4.6 - 4.8
217
-19
4.8 - 5
157
8
5 - 5.2
125
-17
5.2 - 5.4
85
-8
5.4 - 5.6
58
-2
5.6 - 5.8
32
-10
5.8 - 6
14
2
6 - 6.2
11
3
6.2 - 6.4
3
-1
6.4 - 6.6
5
2
6.6 - 6.8
7
6
6.8 - 7
5
1
7 - 7.2
4
3
7.2 - 7.4
2
0
7.4 - 7.6
2
1
7.6 - 7.8
2
1
Based on all variable rates from approx. 100 lenders. Includes non-standard rates such as low doc and intro rates.