PHOTO: Australia’s big banks. FILE

The Commonwealth bank was the first to make a move passing on the RBA’s full quarter of a percent – which is set to come into effect on May 20. ANZ followed suit shortly after announcing it would also pass the full amount on to variable home loan customers from May 13. Westpac will pass the increase on for new and existing customers on May 17.

Melissa Caddick

Melissa Caddick’s home to hit the market | WATCH

MOST POPULAR IN NEW ZEALAND