Compare Home Loans from 70+ Australian Lenders

Q: What is a comparison rate?

A comparison rate is a single percentage that includes the interest rate plus most fees and charges associated with a home loan. It gives a more accurate picture of the true cost of a loan than the advertised rate alone. Comparison rates are calculated on a $150,000 loan over 25 years, as required by Australian law.

Q: What are home loan comparison rates?

Comparison rates combine the interest rate with most fees into a single percentage. They are a legal requirement in Australia under the National Consumer Credit Protection Act. Always compare loans using the comparison rate rather than the advertised headline rate to understand the true cost.

Q: How much deposit do I need for a home loan?

Most Australian lenders require a minimum 5% deposit, but a 20% deposit avoids Lenders Mortgage Insurance (LMI). For a $600,000 property, that means $30,000 minimum or $120,000 to avoid LMI. First home buyers may qualify for government schemes allowing 2-5% deposits without LMI.

Q: How does LVR affect my rate?

Loan-to-Value Ratio (LVR) is your loan amount divided by the property value. Lower LVR means better rates. Below 60% LVR typically gets the best rates. Above 80% LVR triggers LMI. Above 90% LVR attracts significantly higher rates and stricter lending criteria from most Australian lenders.

Q: Fixed vs variable: which is better?

In 2026, fixed rates on our panel sit around 6.09%-9.54% and variable rates around 5.93%-7.99% (live CDR data). Fix if you want certainty. Choose variable if you want offset accounts and flexibility. A split loan offers both. Historical data shows variable has been cheaper over 70% of the time over 20 years.

Q: What is a split rate loan?

A split loan divides your mortgage into a fixed portion and a variable portion. For example, 60% of the balance fixed and 40% variable. This provides partial certainty on repayments while maintaining flexibility for offset accounts and extra repayments on the variable portion.

Q: What is the APRA serviceability buffer?

APRA requires lenders to assess your ability to repay at the loan rate plus a 3% buffer. If you apply at, say, an illustrative 6.5%, the lender tests whether you can afford repayments at 9.5%. This reduces maximum borrowing capacity but protects borrowers from rate rises. The buffer has been 3% since October 2021.

Q: How do interest rate changes affect my repayments?

On a $600,000 variable loan over 30 years, a 0.25% rate increase adds approximately $95/month ($1,140/year). A 1% increase adds approximately $375/month ($4,500/year). Fixed rate borrowers are unaffected until their fixed term expires. Budget for potential 1-2% increases above your current rate.

Q: How does a mortgage offset account work?

An offset account is a transaction account linked to your home loan. Your balance reduces the loan amount that interest is calculated on. With $50,000 in offset on a $600,000 loan at 6.2%, you only pay interest on $550,000, saving approximately $3,100 per year in interest.

Q: What is the difference between a redraw and an offset?

An offset account is a separate transaction account that reduces interest daily. A redraw facility lets you withdraw extra repayments you have made on the loan itself. Offset accounts offer more flexibility for daily banking, while redraw may have restrictions on minimum withdrawal amounts ($500-$1,000).

Compare variable, fixed and split home loan rates from major banks, credit unions and online lenders. Free, independent, updated daily.

Rates updated 2 November 2026

Loan purpose

Repayment type

Loan amount

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Where home loan rates sit today

Rates rising

4.60%

RBA Cash Rate

Up from 4.35% - 29 Sept 2026

From 6.09%

Lowest Fixed Rate

6.24% comparison rate

100+

Lenders Compared

Via our accredited broker partner

The RBA has lifted the cash rate to 4.60% (up from 4.35%), with fixed rates now sitting below variable for the first time in years. 70+ lenders compete for your business, so comparing rates could save thousands over the life of your loan.

70+ lenders compared Updated daily 100% free service No impact on your credit score

What Are the Best Home Loan Rates in Australia Right Now?

As of November 2026, the lowest variable home loan rates in Australia start from 5.93% p.a. (6.28% comparison rate*) for owner-occupiers paying principal and interest with an LVR below 80%. The RBA cash rate sits at 4.60%, up from 4.35% in August 2026, and major lenders have passed on recent increases unevenly.

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($600K/30yr)	Features
SCCU	EMONEY HOME LOAN	5.93%	6.28%	$3,570	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$3,570	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$3,574	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$3,613	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$3,632	Redraw, Digital banking
Macquarie verified Sep 23	Basic Home Loan	6.09%	6.11%	$3,632	Offset, Redraw
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$3,636	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$3,636	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$3,636	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$3,651	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$3,651	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$3,651	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$3,651	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$3,651	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$3,655	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$3,663	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$3,667	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$3,667	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$3,671	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$3,671	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$3,671	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$3,675	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$3,690	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$3,690	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$3,690	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR < 60%	6.24%	6.30%	$3,690	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$3,690	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$3,690	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$3,690	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$3,690	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$3,690	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$3,690	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$3,690	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$3,690	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$3,710	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$3,710	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$3,710	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$3,710	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$3,710	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$3,710	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$3,710	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$3,726	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$3,729	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$3,729	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$3,729	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$3,729	Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 60-70%	6.34%	6.40%	$3,729	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$3,729	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$3,729	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$3,729	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$3,729	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$3,729	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$3,729	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$3,729	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$3,733
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$3,733
BankVic	Home Loan Variable Rate	6.35%	6.35%	$3,733	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$3,733	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$3,745	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$3,745	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$3,745	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$3,745	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$3,749	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$3,749	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$3,749	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$3,749	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$3,749	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$3,749	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$3,749	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$3,765	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$3,769	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$3,769	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$3,769	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$3,769	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$3,769	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$3,769	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$3,769	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$3,769	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$3,769	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$3,769	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$3,769	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$3,769	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$3,769	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$3,773	Digital banking, Redraw
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR 70-80%	6.49%	6.55%	$3,788	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$3,788	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$3,788	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$3,808	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$3,808	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$3,808	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$3,808	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$3,808	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$3,808	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$3,828	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$3,828	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$3,828	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$3,832	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$3,832	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$3,832	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$3,848	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$3,848	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$3,848	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$3,848	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$3,848	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$3,848	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$3,848	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$3,868	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$3,868	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$3,868	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$3,868	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$3,868	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$3,888	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$3,888	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$3,888	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$3,888	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$3,888	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$3,908	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$3,908
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$3,908	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$3,928	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$3,928	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$3,928	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$3,928	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$3,928	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$3,928	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$3,928	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$3,928	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$3,928	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$3,928	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$3,948	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$3,948	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$3,948	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$3,948
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$3,948	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$3,948	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$3,968	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$3,968	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$3,968	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$3,968	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$3,968	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$3,968	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$3,968	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$3,968	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$3,968	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$3,968	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$3,988	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$3,988	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$3,988
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$3,988	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$4,008	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$4,008	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$4,008	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$4,008	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$4,008	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$4,008	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$4,008	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$4,008	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$4,008	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$4,008	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$4,028	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$4,036	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$4,044	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$4,044	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$4,048	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$4,048	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$4,048	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$4,052	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$4,052	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$4,052	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$4,069	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$4,069	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$4,069	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$4,069	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$4,069	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$4,069	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$4,069	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$4,069	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$4,089	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$4,089	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$4,089	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$4,089	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$4,089	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$4,105	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$4,105	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$4,109	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$4,109	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$4,109	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$4,130	Digital banking, Redraw
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$4,134	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$4,150	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$4,150	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$4,150	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$4,150	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$4,150	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$4,154	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$4,171	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$4,175	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$4,191	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$4,191	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$4,204	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$4,208	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$4,212	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$4,212	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$4,212	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$4,236	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$4,253	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$4,253	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$4,274	Redraw, Offset, Digital banking
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interst - Principal and Interest - LVR > 80%	7.74%	7.81%	$4,294	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$4,294	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$4,294	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$4,294	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$4,311	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$4,328	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$4,348	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$4,365	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$4,390	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$4,398	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$4,398	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$4,411	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$4,415	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$4,432	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$4,440	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$4,440	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$4,449	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$4,474	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$4,474	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$4,487	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$4,516	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$4,567	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$4,575	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$4,609	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$4,665	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$4,673	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$4,673	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$4,780	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$4,780	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$4,785	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$4,862	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$4,888	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$4,919	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$4,927	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$4,975	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$4,980	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$4,984	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$4,993	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$5,045	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$5,063	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$5,063	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$5,102
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$5,102
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$5,107	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$5,107	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$5,107
BankSA	Relocation Loan without end	9.64%	9.46%	$5,107
St. George Bank	Relocation Loan without end	9.65%	9.47%	$5,111
St. George Bank	Relocation Loan with end	9.65%	9.47%	$5,111
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$5,129
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$5,208
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$5,270	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$5,426	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$6,126	Digital banking

Rates based on $600,000 owner-occupier P&I loan, 80% LVR. Rates are indicative and subject to change. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Savings example: On a $600,000 loan over 30 years, cutting your rate by 0.60% saves approximately $230/month.

0 lenders included

Live CDR rates

Save up to $1,358/year* by switching home loan

Compare your current rate against the lowest variable rate on our live Consumer Data Right feed - 5.93% p.a. across 70+ Australian lenders.

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*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.93%, the lowest broadly available variable rate on our CDR feed. Lender eligibility criteria apply and it may not be available to you. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Actual savings depend on your loan details and lender assessment.

Home Loan Calculators

Estimate your borrowing power and repayments before you apply.

Borrowing Power Calculator

Estimate how much you could borrow based on your income and expenses. Factors in APRA's 3% serviceability buffer.

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Repayment Calculator

Calculate your monthly, fortnightly or weekly home loan repayments and total interest paid.

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Offset accounts work harder: Parking $50,000 in a 100% offset against a $600,000 loan at our lowest variable rate of 5.93% (lender eligibility criteria apply) reduces interest charges by roughly $2,965/year while keeping the cash fully accessible - and shaves around 3 years off a 30-year term if left untouched. Try it in the repayment calculator below.

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How Does the RBA Cash Rate Affect Home Loan Rates?

The RBA cash rate is 4.60% as of September 2026. When the RBA cuts or raises the cash rate, lenders typically adjust variable home loan rates within 1-4 weeks, though the pass-through is not always dollar-for-dollar. Fixed rates are influenced by bond market pricing, not the cash rate directly.

Current market snapshot

RBA cash rate: 4.60%
Avg variable rate (owner-occ): 6.78%
Lowest variable rate: 5.93%
Avg fixed 2yr rate: 6.72%
Lender margin over cash rate: ~2.18%

Rates from Consumer Data Right (CDR), RBA cash rate from September 2026 target.

Rate trend (RBA cash rate)

0.10% (2021) → 4.35% (2026) → 4.60% (2026)

Interactive chart coming soon. Source: RBA Table F1

Since the RBA began cutting rates, the average variable rate has fallen to 6.78%. However, lenders have retained an average of 0.15% from each cut. Borrowers on older loans should compare their current rate against new-customer rates - the gap averages 0.50-0.75%, worth $3,000-$4,500 per year on a $600,000 loan.

What Do APRA's Rules Mean for Your Home Loan?

The Australian Prudential Regulation Authority (APRA) sets lending standards that directly affect how much you can borrow. The 3% serviceability buffer means lenders must assess your ability to repay at 3% above the loan rate. New debt-to-income (DTI) limits from February 2026 cap high-DTI lending at 20% of new loans.

3% serviceability buffer

If you apply for a loan at 6.5%, the lender assesses whether you can afford repayments at 9.5%. This significantly reduces your maximum borrowing capacity.

Example: $150,000 household income

Without buffer (at 6.5%) ~$870,000

With 3% buffer (at 9.5%) ~$680,000

Reduced capacity −$190,000

DTI limits (from Feb 2026)

APRA now limits the proportion of new loans with a debt-to-income ratio above 6x to 20% of a lender's new lending. This primarily affects borrowers in expensive markets.

What this means in practice

Household income $150,000

Max loan at 6x DTI $900,000

Sydney median house price $1,180,000

Source: APRA Quarterly ADI Statistics, ABS Total Value of Dwellings

Home Loans for Your Situation

Different borrowers face different challenges. Use the descriptions below to understand each loan type.

First Home Buyers

First home buyers in Australia can access government schemes including the First Home Guarantee (now the 5% Deposit Scheme - unlimited places, no income cap), Help to Buy (shared equity), and state-specific grants of $10,000-$30,000.

State	FHOG	Price Cap
NSW	$10,000	$600,000 (new)
VIC	$10,000	$750,000 (new)
QLD	$30,000	$750,000 (new)
WA	$10,000	$750,000 (new)
SA	$15,000	$650,000 (new)
TAS	$30,000	$750,000 (new)
NT	$10,000	No cap (new)
ACT	Nil	N/A

Read the full First Home Buyers Guide

Self-Employed

Approximately 2.3 million Australians are self-employed. Low-doc home loans accept alternative income verification including BAS statements, accountant declarations, and bank statements instead of payslips. Expect rates 0.5-1% higher than standard loans. ABN must be registered for at least 2 years for most lenders.

Doc type	Typical rate	Max LVR
Full doc	from 5.93% (6.28% comparison rate*)	90%
Alt doc	typically +0.50-1.00% vs full doc	80%
Low doc	typically +1.00-1.50% vs full doc	70%

Sole traders: 2 years tax returns or BAS
Company/trust: financials + company tax returns
Low-doc: self-certified with accountant letter

Property investor home loans in Australia

Property Investors

Investment home loan rates are typically 0.25-0.5% higher than owner-occupier rates. Interest payments on investment loans are tax deductible. APRA's DTI limits have a greater impact on investors who already hold existing debt. Interest-only periods of 1-5 years are popular for maximising tax deductions.

Variable investor rates typically 0.25-0.50% above owner-occupier
Negative gearing offsets taxable income
20% deposit typically required (no LMI)

Digital and online-only home loans in Australia

Digital & Online-Only

Online lenders like Athena, Unloan (by CommBank), and CommBank's digital home loan offer lower rates by operating without branches. Approval can be as fast as 24 hours. Trade-off: limited phone support and no face-to-face service.

Unloan

Competitive variable rates

CommBank-backed

Athena

No ongoing fees

Auto-rate match

CommBank Digi

From 6.39%

6.41% comparison rate

What Are the Different Types of Home Loans?

Variable rate loans are the most popular, held by approximately 70% of Australian borrowers. Each type suits different financial situations and risk appetites.

Type	How It Works	Best For	Typical Rate Range	Risk Level
Variable Rate	Rate moves with the market. Repayments change when the RBA adjusts the cash rate.	Flexibility, offset accounts, extra repayments	5.93%-11.90%	Medium
Fixed Rate	Rate locked for 1-5 years. Repayments stay the same during the fixed term.	Repayment certainty and budgeting	6.09%-9.54%	Low
Split Loan	Part fixed, part variable. Choose your ratio (e.g. 60/40).	Balance of certainty and flexibility	between fixed & variable	Low-Med
Interest-Only	Pay only interest for 1-5 years, then revert to principal & interest.	Investors, short-term cash flow	typically +0.30-0.50% vs P&I	High
Low-Doc	Reduced documentation requirements. Self-certified income accepted.	Self-employed, ABN holders	typically +0.50-1.00% vs full doc	Medium
Line of Credit	Revolving credit facility secured against your property equity.	Accessing equity, renovations	typically +0.60-1.00% vs standard variable	High

Variable Rate

Medium

Rate moves with the market. Repayments change when the RBA adjusts the cash rate.

Best for: Flexibility, offset accounts, extra repayments

5.93%-11.90%

Fixed Rate

Low

Rate locked for 1-5 years. Repayments stay the same during the fixed term.

Best for: Repayment certainty and budgeting

6.09%-9.54%

Split Loan

Low-Med

Part fixed, part variable. Choose your ratio (e.g. 60/40).

Best for: Balance of certainty and flexibility

between fixed & variable

Interest-Only

High

Pay only interest for 1-5 years, then revert to principal & interest.

Best for: Investors, short-term cash flow

typically +0.30-0.50% vs P&I

Low-Doc

Medium

Reduced documentation requirements. Self-certified income accepted.

Best for: Self-employed, ABN holders

typically +0.50-1.00% vs full doc

Line of Credit

High

Revolving credit facility secured against your property equity.

Best for: Accessing equity, renovations

typically +0.60-1.00% vs standard variable

Should You Choose Fixed or Variable in 2026?

In September 2026, fixed rates (from 6.09% (6.24% comparison rate*)) sit above variable rates (from 5.93% (6.28% comparison rate*)), suggesting lenders are pricing in a cash rate that stays higher for longer. Historical data shows variable rates have been cheaper over 70% of the time over the past 20 years. A split loan offers a middle ground.

Choose fixed if...

You want predictable repayments
You are on a tight budget
You believe rates may rise

Choose variable if...

You want an offset account
You plan to make extra repayments
You expect rates to fall further

Choose split if...

You want partial certainty
You want offset on the variable portion
You can't decide between the two

Split loan tip: Fixing 60% of your loan at today’s 6.09% while keeping 40% variable gives you certainty on most repayments plus the flexibility of offset and extra repayments on the rest - a popular hedge when rate direction is uncertain.

$17.6B

New home loan commitments, Q4 2025

Source: ABS Lending Indicators (5601.0)

$607,624

Average first home buyer loan size

Source: ABS Lending Indicators

618,966

Loans refinanced in 12 months to Sept 2025

Source: ABS Lending Indicators

Compare Home Loans by State

Explore state-specific home loan rates, grants and stamp duty concessions across Australia.

New South Wales

NSW

Victoria

VIC

Queensland

QLD

Western Australia

South Australia

Tasmania

TAS

ACT

Australian Capital Territory

Northern Territory

Frequently Asked Questions

Everything you need to know about home loans in Australia.

Home Loan Basics

What is a comparison rate?

What are home loan comparison rates?

How much deposit do I need for a home loan?

How does LVR affect my rate?

Rates & Loan Types

Fixed vs variable: which is better?

What is a split rate loan?

What is the APRA serviceability buffer?

How do interest rate changes affect my repayments?

Features & Costs

How does a mortgage offset account work?

What is the difference between a redraw and an offset?

What is LMI and how do I avoid it?

What fees should I expect with a home loan?

Applying & Eligibility

What documents do I need to apply for a home loan?

How long does home loan approval take?

Can I get a home loan with bad credit?

Can I get a home loan while on maternity leave?

Refinancing & Investment

How do I switch home loans?

What is a guarantor home loan?

What is negative gearing?

What happens if I miss a home loan repayment?

Related Guides & Tools

Home Loan Guide 2026

Complete guide to getting a home loan in Australia.

Refinancing Guide

How to switch and save on your existing home loan.

First Home Buyers

Government grants, schemes, and tips for first-timers.

Green Home Loans

Lower rates for energy-efficient homes.

Personal Loans

Compare personal loan rates from leading lenders.

Car Loans

Compare car loan rates and finance options.

More Comparisons

Green Home Loans

Refinance

First Home Buyers

Personal Loans

Green Loans

Car Loans

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Where home loan rates sit today

What Are the Best Home Loan Rates in Australia Right Now?

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Home Loan Calculators

Borrowing Power Calculator

Repayment Calculator

We compare Australia's biggest lenders

Real stories from real customers

Your home loan shouldn't cost more than it needs to.

How Does the RBA Cash Rate Affect Home Loan Rates?

Current market snapshot

Rate trend (RBA cash rate)

What Do APRA's Rules Mean for Your Home Loan?

3% serviceability buffer

DTI limits (from Feb 2026)

Home Loans for Your Situation

First Home Buyers

Self-Employed

Property Investors

Digital & Online-Only

What Are the Different Types of Home Loans?

Variable Rate

Fixed Rate

Split Loan

Interest-Only

Low-Doc

Line of Credit

Should You Choose Fixed or Variable in 2026?

Choose fixed if...

Choose variable if...

Choose split if...

Compare Home Loans by State

Frequently Asked Questions

Home Loan Basics

Rates & Loan Types

Features & Costs

Applying & Eligibility

Refinancing & Investment

Related Guides & Tools

Home Loan Guide 2026

Refinancing Guide

First Home Buyers

Green Home Loans

Personal Loans

Car Loans

More Comparisons

Ready to compare?