Interest Rate Update & Home Loans | Newsletters | December 2021

A Note From Martin Walmsley, Principal Broker

As another busy year draws to a close, I’d like to wish all our clients and friends a happy and safe Christmas and New Year period.

After spending so much time apart again this year, I hope many of you finally have the opportunity to relax and celebrate with your loved ones.

I’d also like to take this opportunity to thank everyone for your support again this year.

As a small business, every kind word, positive review, or word-of-mouth referral means the world to us, which is why we are continuing to offer a token of our appreciation for helping to spread the word about our services.

If you have an existing loan with NBS Home Loans and you refer a new friend or family member to us, and your friend or family member successfully settles a loan of $250,000 or more with us by 31 January 2022, we’ll send you a $500 gift card to say thanks for the referral. (Please contact us for more information and conditions relating to this offer.)

As always, if I can be of any assistance I can be contacted on 0434 103 326 or by email at

Read below for our December Interest Rate Update

Image Portrait photo of Martin (Marty) Walmsley, CEO, NBS Home Loans, Best Home Loans Finance Broker, Seven Hills, Sydney
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Interest Rate Update Snapshot For Australia As At 20 December 2021, From NBS Home Loans

Owner Occupied Loans from:
Fixed: 1.94% (comparison 2.56%)
Variable: 1.96% (comparison 1.98%)

Residential Investment Loans from:
Fixed: 2.14% (comparison 2.66%)
Variable: 2.24% (comparison 2.26%)

There are also several lenders offering cashback on eligible refinances, with offers of up to $3000 cashback currently available. (T&Cs, eligibility criteria and normal lender assessments apply.)

Please contact us on 0434 103 326 if you’d like to chat further about options.

Thanks For Recommending NBS Home Loans!

As a small business, we rely largely on word of mouth referrals. In fact, around 70% of the new clients we see each year were referred to NBS Home Loans by our existing clients.

If you have an existing loan with NBS Home Loans and you refer a new friend or family member to us, and your friend or family member successfully settles a loan of $250,000 or more with us by 31 January 2022we’ll send you a $500 gift card to say thanks for the referral. (Additional conditions apply, including a limit of one gift card per referrer per new client, so please contact us for more info.)

Christmas and New Year Trading Hours

NBS Home Loans will remain open each working day throughout the Christmas and New Year Period.

We will be closed for the following public holidays only:

  • 25th –  28th December 2021 (inclusive)
  • 3rd January 2021

As always, I can also be contacted on 0434 103 326 or by email at if you require any assistance during this period.

Please note that our office hours may vary during this time, so it’s best to phone ahead before visiting the office.

Interest Rate Alert – Fixed-Rate Changes

With the RBA cash rate remaining stable since November 2020, we have not yet seen much change in the range of variable interest rates on offer from our panel of lenders. However, there have been substantial changes to fixed interest rates across the market. As widely expected, many lenders have increased their fixed rates over the past few months, particularly in terms of two years and longer.

In fact, several major lenders have each increased their fixed rates four times in the space of just eight weeks.

Despite these increases, fixed rates have remained very popular among borrowers wanting to guard against the possibility of additional future rate increases, or ensure their monthly repayments remain unchanged for a fixed period for budgeting purposes.

If you currently have a variable rate loan and are thinking of switching to a fixed rate, it’s worth having a chat with us as soon as possible so we can go through your options. Switching or refinancing your loan during a fixed-rate period can be expensive, so we can help you consider a range of scenarios before making the commitment.

If you are applying for a new fixed-rate loan, most lenders will give you the option of paying a fixed rate lock fee. When you apply for a loan, it can be several weeks or even months until the loan ‘settles’ (i.e. the time your purchase or refinance is finalised). With most lenders, the interest rate that applies to your loan is the rate as it stands on the date of settlement, NOT the date you applied for the loan. This means if rates increase between application and settlement, the higher rate will usually apply.

To guard against this risk, a fixed rate lock fee allows you to ‘lock in’ the rate as it stands at the time you apply for the loan. The cost of this fee varies between lenders, so if you are applying for a fixed-rate loan, we will go through the costs and other relevant information with you to help you make an informed decision about whether this option is right for you.

Spotlight on Local Business: Ashfield Removals

Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business owned by one of our clients. In this newsletter, we’d like to introduce Franic Legal.

Each quarter, NBS Home Loans is proud to shine a spotlight on another great local business. In this newsletter, we’d like to introduce Ashfield Removals.

A family-owned and operated business covering all areas of Sydney, Ashfield Removals pride themselves on their attention to detail, their wide range of services, and their high level of certifications, accreditations and skills.

They specialise in home and office relocation, packing, event bump in/out, and the handling and transportation of sensitive equipment and specialty items, among other services.

For more information, visit or phone 02 9825 1984.

Get Social With Us

If you have some downtime over Christmas, be sure to visit us on social media to keep up to date with current interest rates, useful information, and finance articles.
Click on our social icons top right of this article for more information.
If you have any burning questions about loans, don’t forget to reach out via our Ask a Finance Broker Facebook group where you can receive a fast, obligation-free response from our resident team of experts.


“I cannot say enough about Marty and his support staff. We had excellent customer service throughout the whole process. My transport company took asset finance through Marty who managed to get it through when no one else could due to COVID – 19. If you are looking for a loan of any kind, speak to Marty.”

Benjamin O'Donnell

NBS Home Loans Client

Financial Hardship Resources And Contacts

We understand this is a difficult time for many of our clients, friends and family. We have compiled the below list of financial hardship contacts and resources for anyone who may find them helpful.

Lenders’ Hardship Contacts

For additional information and to be directed to the relevant section of each lender’s website, please visit this page on our website:


ANZ: 1800 351 548

Bank of China: 1800 095566

Bank of Queensland: 1800 079 866 or

Bankwest: 1300 787 144

Bluestone: 13 25 83

CBA: 1300 720 814 or

Connective HL: 1300 543 558

Connective Solutions: 13 73 77

ING: 1300 349 166

Latrobe: 13 80 10 or

Macquarie: 1300 363 330

ME Bank: 13 15 63

MyState: 138 001

NAB: 1800 701 599

Pepper: 1800 356 383

St George: 1300 303 110

Suncorp: 1800 225 223

Virgin Money: 1800 701 997

Westpac: 1800 067 497


Additional Support Resources

Lifeline: 13 11 14

Suicide Call Back Service: 1300 659 467

Beyond Blue: 1300 224 636

Mental Health Line: 1800 011 511

Kids Helpline: 1800 551 800

MensLine Australia: 1300 789 978

GriefLine: 1300 845 745

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