ME Bank just announced they're lifting their variable rates by 0.20%, essentially following the major banks. BankWest also made a similar announcement earlier today 0.18% increase. At this point I think that there's not really much to run too. Plenty of smaller lenders have done nothing so far, but sooner or later they'll adjust their rates upwards. Even if they don't make a dramatic announcement, any lender can adjust new lending rates at any time simply by reducing the amount you can negotiate off. For what it's worth though, I've found that quite a few lenders who announced 4 months ago they were no longer negotiating on investment loans are coming back to the party. It's more dependant on volume and structure than before, but the banks are willing to give a little again. There's also been some signs that some lenders have realised they've overcompensated for APRA and are now tweaking their policies again, but more in favour of borrowers.