Home Loans in New South Wales (NSW) - Compare Rates from 70+ Lenders

Q: What is the average home loan interest rate in New South Wales in 2026?

In New South Wales, the average variable home loan interest rate for owner-occupiers paying principal and interest is approximately 6.78% as of 2 November 2026. The lowest variable rates available to NSW borrowers start from 5.93% p.a. (6.28% comparison rate) from online lenders. Fixed rates start from 6.09% p.a. (6.24% comparison rate). These rates assume an 80% loan-to-value ratio on a standard owner-occupier loan. Rates vary depending on the loan amount, LVR, property location, and whether the property is in Sydney metro or regional NSW.

Q: Which banks offer the best home loan rates in New South Wales?

In New South Wales, the best home loan rates as of 2026 come from a mix of online and traditional lenders. Unloan (backed by CommBank) offers a competitive variable rate with offset and redraw. Athena offers a competitive rate with automatic rate matching. Among the major banks, CommBank leads, followed by ING and Macquarie. For fixed rates, Unloan leads on 3-year fixed. All major banks and most non-bank lenders operate across all NSW postcodes, including Sydney, Newcastle, Wollongong, Central Coast, and regional areas.

Q: How much can I borrow for a home loan in New South Wales?

Your borrowing capacity in New South Wales depends on your income, expenses, existing debts, and the property you are purchasing. APRA requires lenders to assess repayment capacity at the loan rate plus a 3% buffer. On a household income of $150,000, a typical borrower can borrow approximately $680,000 after the buffer is applied. APRA's DTI limits from February 2026 cap high-DTI lending, meaning borrowers with a debt-to-income ratio above 6x face stricter scrutiny. Given Sydney's median house price of $1.2 million, a dual-income household typically needs combined income of $200,000+ to borrow enough for a median-priced Sydney home with a 20% deposit.

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

To purchase a home in Sydney at the median house price of approximately $1.2 million, you would ideally need a 20% deposit of $240,000 to avoid paying Lenders Mortgage Insurance (LMI). The minimum deposit most lenders accept is 5%, which is $60,000 for a $1.2 million property, but LMI will add $25,000-$45,000 to your costs. First home buyers in NSW can access the First Home Guarantee scheme with just a 5% deposit and no LMI, or the Help to Buy shared equity scheme with a 2% deposit. Regional NSW properties with a median of approximately $580,000 require a 20% deposit of $116,000.

Q: What government grants are available for first home buyers in NSW?

First home buyers in New South Wales can access several government grants and schemes. The NSW First Home Owner Grant (FHOG) provides $10,000 for new homes valued up to $600,000, or for house and land packages up to $750,000. First home buyers are exempt from stamp duty on properties up to $800,000 and receive a concession on properties between $800,000 and $1,000,000. The federal First Home Guarantee allows 5% deposits without LMI (unlimited places and no income cap since October 2025). The Help to Buy shared equity scheme requires just a 2% deposit. The NSW Shared Equity Home Buyer Helper scheme provides additional support for eligible buyers earning up to $90,000 (single) or $120,000 (couple).

Q: What is stamp duty on a $1 million property in New South Wales?

Stamp duty on a $1 million property in New South Wales is approximately $40,490 for a standard purchaser. First home buyers in NSW are exempt from stamp duty on properties up to $800,000, and receive a concessional rate on properties between $800,000 and $1,000,000. For a first home buyer purchasing at $1 million, stamp duty would be significantly reduced under the concessional threshold. Foreign buyers pay an additional 9% surcharge on top of standard stamp duty. NSW also offers a choice between paying stamp duty upfront or an annual property tax for properties under $1.First Home Buyer Choice (the annual property tax option) closed to new purchases on 1 July 2023; the First Home Buyer Assistance Scheme now provides duty relief instead.

Q: What are the hidden costs of buying a home in New South Wales?

Beyond the purchase price and stamp duty, buying a home in NSW involves several additional costs. Conveyancing or legal fees typically run $1,500-$3,000. Building and pest inspections cost $500-$800. Strata reports for apartments cost $200-$350. Loan application fees range from $0-$600. Lenders Mortgage Insurance (LMI) applies if your deposit is below 20% and can cost $8,000-$45,000 on a Sydney property. Title registration with NSW Land Registry Services is approximately $150. Council and water rates are adjusted at settlement. Moving costs average $500-$2,000 depending on distance. Budget an additional 3-5% of the purchase price for these costs.

Q: What is the median house price in Sydney in 2026?

The median house price in Sydney is approximately $1.2 million as of early 2026, according to CoreLogic data. Sydney remains Australia's most expensive capital city market. The median unit price in Sydney is approximately $830,000. Across broader metropolitan Sydney, prices range significantly by suburb - from $600,000-$800,000 in outer western suburbs like Penrith and Campbelltown to over $3 million in eastern suburbs and the Northern Beaches. Sydney property values grew approximately 2.1% over the 12 months to September 2026, slower than the national average, reflecting affordability constraints and higher interest rates.

Q: Can I get a home loan for regional New South Wales?

Yes, most major banks and online lenders approve home loans for regional New South Wales properties. All four major banks (CommBank, Westpac, ANZ, NAB) lend across regional NSW including the Hunter Valley, Illawarra, Central West, Northern Rivers, and New England regions. Some lenders may apply postcode restrictions for very remote areas or properties on large acreage. Regional NSW median property prices sit around $580,000, making these areas more accessible for first home buyers. The Regional First Home Buyer Guarantee provides additional support with 10,000 places reserved for regional buyers across Australia.

Q: Is it better to buy or rent in Sydney in 2026?

The buy vs rent decision in Sydney depends on your individual financial situation and time horizon. As of 2026, Sydney median weekly rent for a house is approximately $650, while mortgage repayments on a median-priced $1.2 million house with a 20% deposit at 6.2% are approximately $5,900 per month. Renting is significantly cheaper in the short term. However, property ownership builds equity over time. The break-even point - where buying becomes cheaper than renting - typically occurs after 7-10 years in Sydney, assuming moderate capital growth of 3-5% per annum. First home buyer incentives and government schemes can shift this calculation significantly.

Compare home loan rates available to New South Wales borrowers. Sydney metro median property price is ~$1.2M, regional NSW ~$580K. Find the best deal for your situation.

Rates updated 2 November 2026

Loan purpose

Repayment type

Loan amount

100% free. No impact on your credit score. Default loan amount based on 80% LVR on Sydney median.

Where NSW home loan rates sit today

Rates rising

4.60%

RBA Cash Rate

Up from 4.35% - 29 Sept 2026

$960K

Median New Loan

Highest in Australia

From 6.09%

Lowest Fixed Rate

6.24% comparison rate

The RBA has lifted the cash rate to 4.60% (up from 4.35%). With Sydney’s median new mortgage around $960K, even a 0.25% lower rate can save NSW borrowers tens of thousands over a 30-year term.

70+ lenders in NSW Updated daily 100% free service Sydney & regional NSW

New South Wales Home Loan Key Facts

NSW at a glance · 2026

6.78%

Avg variable rate

Owner-occ · lowest 5.93%

$1.2M

Sydney median price

Regional NSW ~$580K

$750K

Average loan size

Highest of all states

$48,590

Stamp duty (median)

Standard buyer · $1.2M home

FHB stamp duty exemption

Full exemption up to $800K; concessional rate $800K-$1M.

Key NSW features

Shared-equity Home Buyer Helper scheme, highest stamp-duty thresholds nationally, Torrens vs strata title considerations.

Sources: CoreLogic, RBA Table F6, ABS Lending Indicators, Revenue NSW. Data as of 11 September 2026.

Best Home Loan Rates in New South Wales

Rates shown are available to New South Wales borrowers. Some lenders have postcode restrictions in remote regional areas. Monthly repayments are estimated based on a $1.2M property with 20% deposit ($960,000 loan) over 30 years.

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($960K/30yr)	Features
SCCU	EMONEY HOME LOAN	5.93%	6.28%	$5,713	Offset, Redraw
SCCU	BROKER HOME LOAN	5.93%	6.28%	$5,713	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Value Home Loan - Owner Occupied	5.94%	5.98%	$5,719	Redraw, Digital banking
The Mutual Bank	Budget Home Loan	6.04%	6.04%	$5,780	Digital banking, Redraw
Greater Bank	Discounted Great Rate Home Loan - Variable Owner Occupied	6.09%	6.10%	$5,811	Redraw, Digital banking
Macquarie verified Sep 23	Basic Home Loan	6.09%	6.11%	$5,811	Offset, Redraw
South West Slopes Credit Union	Intro Discounted Standard Variable Home Loan	6.10%	6.10%	$5,818	Digital banking, Redraw, Offset, NPP
South West Slopes Credit Union	Optimum 2 Year Fixed Rate Home Loan	6.10%	6.10%	$5,818	Digital banking, NPP, Redraw
South West Slopes Credit Union	Optimum 3 Year Fixed Rate Home Loan	6.10%	6.10%	$5,818	Digital banking, NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Home Loan Special Offer - Owner Occupied	6.14%	6.18%	$5,842	Digital banking, NPP, PayID, Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	REFI SPECIAL OWNER OCCUPIED	6.14%	6.24%	$5,842	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	2 FIXED RATE HOME LOAN	6.14%	6.14%	$5,842	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	1 YEAR FIXED RATE LOAN	6.14%	6.14%	$5,842	Offset, Redraw
Bendigo Bank	Bendigo Express Home Loan	6.14%	6.27%	$5,842	Redraw, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 80% (Principal and Interest)	6.15%	6.20%	$5,849	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	GOVT LOW DEP VARIABLE OOC PI	6.17%	6.24%	$5,861	Redraw, Digital banking, PayID, NPP
Bank of China	Discount Home Loan (With Principal and Interest Repayment)	6.18%	6.38%	$5,867	Redraw, Digital banking
Bank of China	Discount Plus Home Loan (with Principal and Interest Repayment)	6.18%	6.56%	$5,867	Redraw, Offset, Digital banking
Bank of us	Flexidiscount Home Loan	6.19%	6.19%	$5,873	Redraw, Digital banking, NPP
FIRST OPTION BANK	SIMPLE HOME LOAN	6.19%	6.19%	$5,873	Digital banking, Redraw
Border Bank	Customs Value Home Loan	6.19%	6.26%	$5,873	Redraw, Offset
Up	Up Home Loan	6.20%	6.20%	$5,880	Digital banking, Offset, Redraw
Bank of us	TOPLINE HOME LOAN	6.24%	6.24%	$5,905	NPP, Redraw, Digital banking, Offset
UNITY BANK	Momentum Home Loan 60LVR - Owner Occupier - Variable - P&I SO	6.24%	6.29%	$5,905	Offset, Redraw, PayID, NPP, Digital banking
BankWAW	Back to Basics Owner Occupied	6.24%	6.29%	$5,905	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%	$5,905	Redraw, Offset
Bank First Production	Basic Home Loan Variable LVR<60%	6.24%	6.29%	$5,905	Redraw, PayID, Digital banking
FIRST OPTION BANK	COMPLETE PACKAGE HOME LOAN	6.24%	6.59%	$5,905	Redraw, Digital banking, Offset
Police Bank	Goldrate Home Loan	6.24%	6.31%	$5,905	Redraw, Offset
BankVic	Home Loan Special Variable Rate	6.24%	6.24%	$5,905	Redraw, Offset
Border Bank	Goldrate Home Loan	6.24%	6.31%	$5,905	Offset, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing	6.24%	6.58%	$5,905	Redraw, Offset, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan New Borrowing INV	6.24%	6.58%	$5,905	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (up to 60%LVR)	6.24%	6.25%	$5,905	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Principal and Interest)	6.29%	6.66%	$5,936	Offset, Redraw, Digital banking
ING	Mortgage Simplifier	6.29%	6.32%	$5,936	Digital banking, PayID, NPP, Redraw
Bank First Production	Basic Home Loan Variable LVR 60-70%	6.29%	6.34%	$5,936	Redraw, PayID, Digital banking
A-Auswide Bank	BASIC HOME LOAN	6.29%	6.32%	$5,936	Redraw, NPP, PayID
Tiimely	Tiimely Basic Home Loan	6.29%	6.30%	$5,936	Redraw
Easystreet	STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Principal and Interest)	6.29%	6.34%	$5,936	Offset, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.29%	6.66%	$5,936	Redraw, Offset, Digital banking
NRMA Insurance	NRMA Basic Home Loan	6.33%	6.37%	$5,961	Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - Without Offset	6.34%	6.39%	$5,967	Redraw, PayID, NPP, Digital banking
UNITY BANK	Momentum Home Loan 60-80LVR - Owner Occupier - Variable - P&I SO	6.34%	6.39%	$5,967	Offset, Redraw, PayID, NPP, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR <60%	6.34%	6.72%	$5,967	Offset, PayID, Digital banking, Redraw
BankWAW	Home Equity Loan Owner Occupied	6.34%	6.37%	$5,967	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%	$5,967	Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR <60%	6.34%	6.39%	$5,967	Offset, PayID, Digital banking, Redraw
Bank First Production	Basic Home Loan Variable LVR 70-80%	6.34%	6.39%	$5,967	Redraw, PayID, Digital banking
CENTRAL WEST CREDIT UNION LTD	Premium Smart Home Loan	6.34%	6.40%	$5,967	Redraw, Offset, Digital banking
Credit Union SA	40 Year Home Loan Package	6.34%	6.71%	$5,967	Redraw, Offset, Digital banking
HUME BANK LIMITED	liteBlue O/Occ P+I (60%-80% LVR)	6.34%	6.35%	$5,967	Digital banking, Redraw
Credit Union SA	Variable Home Loan Package Specials	6.34%	6.71%	$5,967	Redraw, Offset, Digital banking
HUME BANK LIMITED	myBlue Variable O/Occ P+I (up to 60% LVR)	6.34%	6.34%	$5,967	Redraw, Digital banking, Offset
BankVic	Fixed Rate Home Loan - 5 years	6.35%	6.35%	$5,973
BankVic	Fixed Rate Home Loan - 4 years	6.35%	6.35%	$5,973
BankVic	Fixed Rate Home Loan - 3 years	6.35%	6.35%	$5,973
BankVic	Fixed Rate Home Loan - 1 year	6.35%	6.35%	$5,973
BankVic	Fixed Rate Home Loan - 2 years	6.35%	6.35%	$5,973
BankVic	Home Loan Variable Rate	6.35%	6.35%	$5,973	Redraw
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Basic Home Loans	6.35%	6.38%	$5,973	Digital banking, Redraw
Qudos Bank	Low Cost Value Package	6.38%	6.56%	$5,992	Offset, Redraw
Qudos Bank	No Frills Home Loan	6.38%	6.38%	$5,992	Digital banking, NPP, PayID, Redraw
Qantas Money	QANTAS Money Basic Home Loan	6.38%	6.45%	$5,992	Redraw
Bendigo Bank	Bendigo Easy Home Loan	6.38%	6.40%	$5,992	Redraw
CommBank	Digi Home Loan (Owner Occupied)	6.39%	6.41%	$5,999	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.77%	$5,999	Digital banking, PayID, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 60-70%	6.39%	6.44%	$5,999	PayID, Digital banking, Redraw, Offset
BankVic	Offset Variable Rate Home Loan	6.39%	6.39%	$5,999	Redraw, Offset
POLICE CREDIT UNION LIMITED	Low Rate Home Loan - Owner Occupied	6.39%	6.46%	$5,999	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Renovation Loan - Owner Occupied	6.39%	6.46%	$5,999	Digital banking, NPP, PayID, Redraw, Offset
ORANGE CREDIT UNION LTD	Basic Variable Rate Home Loan	6.39%	6.44%	$5,999	Redraw
Bendigo Bank	Single Parents (Bendigo Complete Home Loan)	6.43%	6.65%	$6,024	Offset, Redraw
Unloan Prod	Unloan Home Loan	6.44%	6.35%	$6,030	Digital banking, Redraw, NPP
Bank of Queensland	Economy Variable Home Loan	6.44%	6.58%	$6,030	Redraw, Digital banking
THE CAPRICORNIAN	Variable Rate Offset Home Loan	6.44%	6.44%	$6,030	Offset, PayID, Digital banking, NPP, Redraw
UNITY BANK	Advantage Home Loan - Owner Occupied - Variable P&I - With Offset	6.44%	6.49%	$6,030	Redraw, Offset, PayID, Digital banking, NPP
UNITY BANK	Momentum Home Loan 80LVR - Owner Occupier - Variable - P&I SO	6.44%	6.49%	$6,030	Offset, Redraw, PayID, NPP, Digital banking
ING	Orange Advantage	6.44%	6.73%	$6,030	Digital banking, PayID, NPP, Redraw, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.82%	$6,030	PayID, Digital banking, Redraw, Offset
Greater Bank	Discounted Ultimate Packaged Home Loan - Variable Owner Occupied	6.44%	6.80%	$6,030	Offset, Digital banking, Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR 70-80%	6.44%	6.49%	$6,030	Offset, PayID, Digital banking, Redraw
Bank of Sydney	BOS Basic Home Loan Owner Occupied	6.44%	6.48%	$6,030	Redraw, Digital banking
The Mutual Bank	Package Home Loan	6.44%	6.80%	$6,030	Offset, Redraw, Digital banking
NAB	NAB Tailored Home Loan	6.44%	6.57%	$6,030	Offset, Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (60.01 - 80.00% LVR)	6.44%	6.44%	$6,030	Redraw, Digital banking, Offset
Community First Credit Union	Go Basic Variable Home Loan - Owner-occupied LVR 95% (Principal and Interest)	6.45%	6.50%	$6,036	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%	$6,062	Redraw, Offset
TRANSPORT MUTUAL CREDIT UNION LTD	BASIC VARIABLE LOAN	6.49%	6.59%	$6,062	Redraw, Offset
Cairns Bank	CLASSIC HOME LOAN VARIABLE <60 LVR PI	6.49%	5.95%	$6,062	Redraw
Aussie Home Loans	Aussie Elevate Basic Home Loan	6.54%	6.56%	$6,093	Redraw
Connective Select Home Loans	Connective Select Basic Home Loan	6.54%	6.56%	$6,093	Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 12 mths P&I Owner Occupied	6.54%	6.54%	$6,093	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 24 mths P&I Owner Occupied	6.54%	6.54%	$6,093	Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Fixed 36 mths P&I Owner Occupied	6.54%	6.54%	$6,093	Offset, Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 60-80 LVR PI	6.54%	6.00%	$6,093	Redraw
AFG Home Loans Alpha	AFG Alpha Basic Home Loan	6.54%	6.56%	$6,093	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (80%-90% LVR)	6.54%	6.55%	$6,093	Digital banking, Redraw
Community First Credit Union	BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 95% (Principal and Interest)	6.59%	6.96%	$6,125	Offset, Redraw, Digital banking
Unknown lender	Standard Variable Plus	6.59%	6.75%	$6,125	Redraw, Offset
Cairns Bank	PLUS HOME LOAN VARIABLE <60 LVR	6.59%	6.27%	$6,125	Redraw, Offset
LCU	Intelligent Mortgage 1 Year Fixed	6.60%	6.61%	$6,131	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage 2 Years Fixed	6.60%	6.63%	$6,131	Redraw, Digital banking, NPP, PayID
LCU	Intelligent Mortgage Variable	6.60%	6.62%	$6,131	Redraw, Offset, Digital banking, NPP, PayID
THE CAPRICORNIAN	No Frills Owner Occupied Home Loan	6.64%	6.69%	$6,157	PayID, NPP, Digital banking, Redraw
Bank of Sydney	Expect More Home Loan Owner Occupied	6.64%	6.79%	$6,157	Digital banking, Offset, Redraw
ORANGE CREDIT UNION LTD	Premium Home Loan Variable	6.64%	6.69%	$6,157	Offset, Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE 60-80 LVR PI	6.64%	6.32%	$6,157	Redraw, Offset
Bank Australia	Basic Home Loan	6.64%	6.64%	$6,157	Digital banking, Redraw
Bank Australia	Offset Home Loan	6.64%	6.82%	$6,157	Digital banking, Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (80.01-90.00% LVR)	6.64%	6.64%	$6,157	Redraw, Digital banking, Offset
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.85%	$6,188	PayID, Digital banking, Redraw, Offset
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR<80%	6.69%	6.51%	$6,188	Offset, PayID, Digital banking, Redraw
NAB	NAB Base Variable Rate Home Loan	6.69%	6.69%	$6,188	Redraw, Digital banking
NORTHERN INLAND CREDIT UNION LTD.	Dream Home Loan Variable PI Owner Occupied	6.69%	7.03%	$6,188	Redraw, Offset, Digital banking
RACQ Bank	Fair Dinkum Home Loan	6.69%	6.69%	$6,188	Digital banking, NPP
Liberty Financial	Low rate home loan	6.74%	6.82%	$6,220	Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	STANDARD VARIABLE LOAN	6.74%	6.84%	$6,220	Redraw, Offset
Defence Bank Limited	Premier Low Rate	6.74%	6.74%	$6,220	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE 80-90 LVR PI	6.74%	6.20%	$6,220	Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O(up to 60% LVR)	6.74%	6.48%	$6,220	Digital banking, Redraw
Community First Credit Union	Community Advantage Variable Owner Occupied (Principal and Interest)	6.79%	6.84%	$6,252	Redraw
Qudos Bank	Construction Home Loan	6.79%	6.65%	$6,252
RACQ Bank	Mortgage Saver Home Loan	6.79%	6.83%	$6,252	Digital banking, NPP, Redraw
Bank of Queensland	Clear Path Variable Home Loan	6.84%	6.96%	$6,284	Offset, Redraw
Liberty Financial	Debt consolidation home loan	6.84%	7.11%	$6,284	Offset, Redraw
Liberty Financial	Flexible home loan	6.84%	7.11%	$6,284	Offset, Redraw
Bank First Production	Basic Home Loan Variable LVR 80-90%	6.84%	6.89%	$6,284	Redraw, PayID, Digital banking
Defence Bank Limited	Premier Home Loan	6.84%	6.84%	$6,284	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Construction (INV)	6.84%	6.93%	$6,284	Offset, Digital banking, Redraw
AMP - My AMP	Equity Flex	6.84%	7.15%	$6,284	Redraw, Offset, Digital wallet, Digital banking
Cairns Bank	PLUS HOME LOAN VARIABLE 80-90 LVR PI	6.84%	6.51%	$6,284	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (60%-80% LVR)	6.84%	6.58%	$6,284	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (up to 60% LVR)	6.84%	6.56%	$6,284	Redraw, Digital banking, Offset
HORIZON BANK	Home Sweet Home Loan	6.89%	7.12%	$6,316	Redraw, Digital banking, NPP, Offset
IMB Bank	Essentials Home Loan	6.89%	7.00%	$6,316	Offset, Digital banking, Redraw
IMB Bank	Budget Home Loan	6.89%	6.95%	$6,316	Digital banking, Redraw
AMB Bank Product	DHOAS Construction Loan	6.89%	6.92%	$6,316
AMB Bank Product	DHOAS Rate Saver Home Loan	6.89%	6.92%	$6,316	Redraw
RACQ Bank	Mortgage Breaker Owner Occupied	6.89%	6.93%	$6,316	NPP, Digital banking, Offset, Redraw
Bank of us	TOPLINE RES. INV. LOAN	6.94%	7.01%	$6,348	NPP, Redraw, Digital banking, Offset
THE CAPRICORNIAN	Lifestyle Home Loan	6.94%	6.99%	$6,348	Offset, PayID, NPP, Digital banking, Redraw
St. George Bank	Basic Variable Home Loan	6.94%	6.95%	$6,348	Redraw, Digital banking
Bank of Melbourne	Basic Variable Home Loan	6.94%	6.95%	$6,348	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >80% <90%	6.94%	6.99%	$6,348	Offset, PayID, Digital banking, Redraw
BankSA	Basic Variable Home Loan	6.94%	6.95%	$6,348	Redraw, Digital banking
POLICE CREDIT UNION LIMITED	Better Home Loan 80% LVR - Owner Occupied	6.94%	7.01%	$6,348	Digital banking, NPP, PayID, Redraw, Offset
POLICE CREDIT UNION LIMITED	Better Home Loan 90% LVR - Owner Occupied	6.94%	7.01%	$6,348	Digital banking, NPP, PayID, Redraw, Offset
QBANK	Classic Home Loan	6.94%	6.96%	$6,348	Redraw
Cairns Bank	CLASSIC HOME LOAN VARIABLE >90 LVR PI	6.94%	6.40%	$6,348	Redraw
HUME BANK LIMITED	liteBlue O/Occ P+I (90%-95% LVR)	6.94%	6.95%	$6,348	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (60.01 - 80.00% LVR)	6.94%	6.66%	$6,348	Redraw, Digital banking, Offset
Newcastle Permanent	Real Deal Home Loan Principal and Interest	6.99%	7.03%	$6,380	Redraw, Digital banking
MACARTHUR CREDIT UNION LTD	LOW LVR OOC P&I	6.99%	7.06%	$6,380	Redraw
AMB Bank Product	Construction Loan	6.99%	7.02%	$6,380
AMB Bank Product	RateSaver Home Loan	6.99%	7.02%	$6,380	Redraw
CENTRAL WEST CREDIT UNION LTD	Minimiser Home Loan	7.04%	7.10%	$6,413	Redraw, Digital banking
Defence Bank Limited	Ultimate Essentials I/O Con	7.04%	7.13%	$6,413	Offset, Digital banking
QBANK	Classic Plus Home Loan	7.04%	7.31%	$6,413	Offset, Redraw
Defence Bank Limited	Ultimate Essentials Variable	7.04%	7.13%	$6,413	Digital banking, Offset, Redraw
AMB Bank Product	DHOAS Value Home Loan	7.04%	7.07%	$6,413	Offset, Redraw
AMB Bank Product	DHOAS Standard Variable Home Loan	7.04%	7.07%	$6,413	Redraw, Offset
AMP - My AMP	AMP Essential Home Loan	7.04%	7.07%	$6,413	Redraw
Cairns Bank	PLUS HOME LOAN VARIABLE >90 PI	7.04%	6.71%	$6,413	Redraw, Offset
HUME BANK LIMITED	liteBlue O/Occ I/O (80%-90% LVR)	7.04%	6.78%	$6,413	Digital banking, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ P+I (90.01 -95.00% LVR)	7.04%	7.04%	$6,413	Redraw, Digital banking, Offset
Westpac	Flexi First: Our lowest online variable home loan rate (Owner Occupied)	7.09%	7.10%	$6,445	Redraw, Digital banking
Bank of us	FLEXICHOICE HOME LOAN	7.11%	7.32%	$6,458	NPP, Redraw, Digital banking, Offset
NRMA Insurance	NRMA Offset Home Loan	7.13%	7.33%	$6,471	Offset, Redraw
Bendigo Bank	Bendigo Complete Home Loan	7.13%	7.35%	$6,471	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan	7.13%	7.30%	$6,471	Offset, Redraw
Bendigo Bank	Bendigo Flex Home Loan (Retail)	7.13%	7.33%	$6,471	Offset, Redraw
Defence Bank Limited	Ultimate Essentials I/O	7.14%	7.23%	$6,477	Offset, Digital banking
Tiimely	Tiimely Offset Home Loan	7.14%	7.30%	$6,477	Offset, Redraw
HUME BANK LIMITED	myBlue Variable O/Occ I/O (80.01-90.00% LVR)	7.14%	6.86%	$6,477	Redraw, Digital banking, Offset
CENTRAL WEST CREDIT UNION LTD	Smart Home Loan	7.15%	7.21%	$6,484	Redraw, Offset, Digital banking
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 2 year	7.15%	7.15%	$6,484	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Smart Fixed Rate Home Loan 1 year	7.15%	7.15%	$6,484	Digital banking, Redraw
Health Professionals Bank	Your Way Plus Home Loan	7.19%	7.48%	$6,510	Redraw, Digital banking, Offset
Health Professionals Bank	Your Way Home Loan	7.19%	7.26%	$6,510	Redraw, Digital banking
Regional Australia Bank	Regional Australia Bank Home Loan (Non Offset)	7.19%	7.22%	$6,510	Redraw
UniBank	Your Way Plus Home Loan	7.19%	7.48%	$6,510	Redraw, Digital banking, Offset
UniBank	Your Way Home Loan	7.19%	7.26%	$6,510	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR 80-90%	7.19%	7.02%	$6,510	Offset, PayID, Digital banking, Redraw
AMB Bank Product	Standard Variable Home Loan	7.19%	7.23%	$6,510	Redraw, Offset
AMB Bank Product	Value Home Loan	7.19%	7.23%	$6,510	Offset, Redraw
BankWAW	Flexible Choice Owner Occupied	7.24%	7.29%	$6,542	Redraw, Offset
Liberty Financial	Low doc home loan	7.24%	7.51%	$6,542	Redraw, Offset
CENTRAL MURRAY CREDIT UNION LIMITED	HOUSING LOAN (CODE) - Owner Occupied - Variable Interest - Principal and Interest	7.24%	7.30%	$6,542	Offset, Redraw
AMP - My AMP	AMP Superedge Loan	7.24%	7.61%	$6,542	Offset, Digital wallet, Digital banking
Credit Union SA	Variable Home Loan Package Principal and Interest	7.24%	7.59%	$6,542	Redraw, Offset, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >80% <90%	7.28%	7.65%	$6,568	PayID, Redraw, Digital banking, Offset
Qantas Money	QANTAS Money Offset Home Loan	7.28%	7.50%	$6,568	Offset, Redraw
MACARTHUR CREDIT UNION LTD	LOW LVR INV P&I HOME LOAN	7.29%	7.36%	$6,575	Redraw
Bank First Production	Basic Home Loan Variable LVR>90%	7.29%	7.34%	$6,575	Redraw, PayID, Digital banking
Credit Union SA	Discounted Variable Rate Home Loan Principal and Interest	7.29%	7.32%	$6,575	Redraw, Digital banking
ANZ	ANZ Simplicity PLUS	7.34%	7.34%	$6,608	Digital banking, Redraw
Newcastle Permanent	Premium Plus Package Variable Home Loan Principal and Interest	7.35%	7.67%	$6,614	Digital banking, Offset, Redraw
Aussie Home Loans	Aussie Elevate Offset Home Loan	7.39%	7.56%	$6,640	Offset, Redraw
ME Bank	ME Bank CompleteME Home Loan	7.39%	7.75%	$6,640	Offset, Digital banking, Redraw
Liberty Financial	Fresh start home loan	7.39%	7.73%	$6,640	Redraw
Bank First Production	Complete Home Loan Owner Occupied Variable LVR >90%	7.39%	7.44%	$6,640	Digital banking, Redraw, PayID, Offset
Connective Select Home Loans	Connective Select Offset Home Loan	7.39%	7.56%	$6,640	Offset, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc Jumbo (BNK)	7.39%	7.46%	$6,640	Offset, Digital banking, Redraw
AFG Home Loans Alpha	AFG Alpha Offset Home Loan	7.39%	7.56%	$6,640	Offset, Redraw
Regional Australia Bank	Regional Australia Bank Home Loan (Offset)	7.40%	7.43%	$6,647	Offset, Redraw
UniBank	Your Way Home Loan	7.44%	7.36%	$6,673	Redraw, Digital banking
THE CAPRICORNIAN	Premium Choice Home Loan	7.45%	7.50%	$6,680	PayID, NPP, Digital banking, Offset, Redraw
ANZ	ANZ Standard Variable home loan	7.49%	7.49%	$6,706	Digital banking, Redraw, Offset
Credit Union SA	Standard Variable Rate Home Loan Principal and Interest	7.49%	7.54%	$6,706	Offset, Redraw
AMP - My AMP	Professional Package	7.52%	7.92%	$6,726	Redraw, Offset, Digital wallet, Digital banking
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR 80-90%	7.53%	7.68%	$6,732	Offset, PayID, Digital banking, Redraw
My State PM Production	Basic Variable Loan	7.54%	7.57%	$6,739	Redraw, Digital banking
My State PM Production	Special Residential Variable Loan	7.54%	7.59%	$6,739	Digital banking, Offset, Redraw
HUME BANK LIMITED	liteBlue O/Occ I/O (90%-95% LVR)	7.54%	7.23%	$6,739	Digital banking, Redraw
CENTRAL WEST CREDIT UNION LTD	Mortgage Equity Loan	7.60%	9.02%	$6,778	Redraw, Digital banking
Bank First Production	Complete Home Loan Owner Occupied Construction Variable LVR>90%	7.64%	7.47%	$6,805	PayID, Digital banking, Redraw, Offset
HUME BANK LIMITED	myBlue Variable O/Occ I/O (90.01 -95.00% LVR)	7.64%	7.31%	$6,805	Redraw, Digital banking, Offset
NORTHERN INLAND CREDIT UNION LTD.	Smart Home Loan Variable	7.69%	7.86%	$6,838	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%	$6,871	Offset, Redraw
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 80% LVR - Owner Occupied	7.74%	7.81%	$6,871	Offset, Redraw, NPP
POLICE CREDIT UNION LIMITED	Standard Variable Home Loan 90% LVR - Owner Occupied	7.74%	7.81%	$6,871	NPP, Offset, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	HOME EQUITY LOAN	7.74%	7.85%	$6,871	Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Variable LVR >90%	7.78%	8.15%	$6,897	Redraw, Offset, PayID, Digital banking
Bank of Queensland	BOQ Essential Home Loan	7.82%	7.84%	$6,924	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K	7.87%	7.94%	$6,957	Redraw, Digital banking, PayID, NPP
Greater Bank	Ultimate Packaged Home Loan - Variable Owner Occupied	7.91%	8.26%	$6,984	Digital banking, Redraw, Offset
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K	7.97%	8.04%	$7,024	Redraw, Digital banking, PayID, NPP
CommBank	Standard Variable Rate Home Loan (Owner Occupied)	7.99%	8.35%	$7,037	Redraw, Offset, Digital banking
CommBank	Simple Home Loan (Owner Occupied)	7.99%	8.13%	$7,037	Redraw, Offset, Digital banking
Virgin Money Australia	Virgin Money Lite Home Loan	8.02%	8.04%	$7,058	Digital banking, Redraw
Bank First Production	Premier Package Home Loan Owner Occupied Construction Variable LVR>90%	8.03%	8.17%	$7,064	PayID, Redraw, Offset, Digital banking
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K	8.07%	8.14%	$7,091	Redraw, Digital banking, PayID, NPP
THE CAPRICORNIAN	Access Equity Home Loan	8.09%	8.14%	$7,104	PayID, NPP, Digital banking, Redraw
BNK Bank (Goldfields Money/BCHL)	Prime Alt Doc (BNK)	8.09%	8.17%	$7,104	Offset, Digital banking, Redraw
Greater Bank	Great Rate Home Loan - Variable Owner Occupied	8.11%	8.12%	$7,118	Digital banking, Redraw
MACARTHUR CREDIT UNION LTD	BASIC VARIABLE LOAN OWNER OCCUPIED P&I	8.17%	8.24%	$7,158	Redraw, Digital banking, PayID, NPP
MACARTHUR CREDIT UNION LTD	MORTGAGE OFFSET OWNER OCCUPIED P&I	8.17%	8.24%	$7,158	Redraw, Digital banking, NPP, PayID, Offset
AMP - My AMP	Land Loan	8.20%	8.26%	$7,178	Redraw, Digital banking
BOQ Specialist	Basic Home Loan	8.27%	8.45%	$7,226	Redraw
HORIZON BANK	HANDYLOAN	8.39%	8.39%	$7,307	Digital banking, PayID, NPP, Digital wallet
Virgin Money Australia	Virgin Money Loaded Home Loan	8.41%	8.68%	$7,320	Offset, Digital banking, Redraw
Bank of Queensland	BOQ Plus Home Loan	8.49%	8.76%	$7,375	Digital banking, Redraw
My State PM Production	Standard Variable Loan	8.62%	8.68%	$7,463	Digital banking, Offset, Redraw
Bank of China	Standard Variable Rate Home Loan	8.64%	8.71%	$7,477	Redraw, Digital banking
BNK Bank (Goldfields Money/BCHL)	Gold Prime Residential Special Home Loans	8.64%	8.67%	$7,477	Offset, Redraw, Digital banking
The Mutual Bank	Express Credit Facility	8.89%	8.89%	$7,649	PayID, NPP, Digital banking, Digital wallet
ANZ Plus	ANZ Plus Home Loan Variable	8.89%	8.89%	$7,649	Redraw, Offset, Digital banking
Judo Bank	Home Loan	8.90%	8.92%	$7,655	Redraw
Westpac	Premium Options Home Loan	9.08%	9.08%	$7,780	Redraw
Liberty Financial	Low deposit home loan	9.14%	9.89%	$7,821	Offset, Redraw
IMB Bank	Standard Variable Home Loan	9.21%	9.28%	$7,870	Offset, Digital banking, Redraw
THE CAPRICORNIAN	Mortgage Plus Home Loan	9.23%	9.23%	$7,884	Digital banking, Digital wallet, PayID, NPP
Bank of Melbourne	Variable Home Loan with Offset	9.34%	9.48%	$7,960	Offset, Redraw, Digital banking
BankSA	Variable Home Loan with Offset	9.35%	9.49%	$7,967	Offset, Redraw, Digital banking
St. George Bank	Variable Home Loan with Offset	9.36%	9.50%	$7,974	Offset, Redraw, Digital banking
Westpac	Rocket Loan: Variable Home Loan with Offset (Owner Occupied)	9.38%	9.52%	$7,988	Redraw, Offset, Digital banking
UNITY BANK	Retirees Access Home Loan	9.50%	9.60%	$8,072	Redraw, PayID, NPP, Digital banking
Arab Bank Australia Ltd Prod	The Basics Home Loan	9.54%	9.67%	$8,100	Redraw, Digital banking
Arab Bank Australia Ltd Prod	Basics Home Loan Special Offer	9.54%	9.67%	$8,100	Digital banking, Redraw
Bank of Melbourne	Relocation Loan without end	9.63%	9.45%	$8,163
Bank of Melbourne	Relocation Loan with end	9.63%	9.45%	$8,163
Arab Bank Australia Ltd Prod	Essentials Home Loan Special Offer	9.64%	9.69%	$8,170	Digital banking, Redraw, Offset
Arab Bank Australia Ltd Prod	Essentials Home Loan	9.64%	9.69%	$8,170	Redraw, Digital banking, Offset
BankSA	Relocation Loan with end	9.64%	9.46%	$8,170
BankSA	Relocation Loan without end	9.64%	9.46%	$8,170
St. George Bank	Relocation Loan without end	9.65%	9.47%	$8,177
St. George Bank	Relocation Loan with end	9.65%	9.47%	$8,177
BOQ Specialist	Plus Home Loan	9.69%	9.69%	$8,206
BOQ Specialist	Home Loan Banking Package	9.87%	10.33%	$8,333
A-Auswide Bank	HOME LOAN PLUS	10.01%	10.17%	$8,432	Offset, Redraw, NPP, PayID
NAB	NAB FlexiPlus Mortgage	10.36%	10.36%	$8,681	Digital banking
Bank of Sydney	Home Equity Maximiser Owner Occupied	11.90%	11.90%	$9,801	Digital banking

Rates based on $960,000 owner-occupier P&I loan (80% LVR on $1.2M Sydney median), 30-year term. 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 Sydney’s ~$960,000 median new loan over 30 years, cutting your rate by 0.60% saves about $370/month.

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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.

New South Wales Home Loan Calculators

Estimate your borrowing power and repayments. Defaults are tuned to a typical NSW home loan of $960,000.

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 on a NSW home loan.

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Offset accounts work harder in NSW: Parking $50,000 in a 100% offset against a Sydney-sized $960,000 loan at our lowest variable rate of 5.93% (lender eligibility criteria apply) trims interest 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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NSW home loan rates - made simple.

Compare home loan products available to NSW buyers from 70+ Australian lenders. Indicative rates, fees and features in minutes - comparing on this site has no impact on your credit score.

New South Wales Property Market Overview

New South Wales is Australia's largest property market by value, with Sydney being the most expensive capital city. In 2026, the NSW market has shown moderate growth of 2-3% annually, constrained by affordability limits and higher interest rates compared to the pandemic-era lows.

Sydney Metro snapshot

Median house price: ~$1,200,000
Median unit price: ~$830,000
12-month growth: +2.1%
Average days on market: 28 days
Auction clearance rate: ~65%

Source: CoreLogic, Domain, September 2026

Regional NSW snapshot

Median house price: ~$580,000
12-month growth: +3.5%
Key growth areas: Hunter, Illawarra, Central Coast
Average days on market: 35 days
Interstate migration (net): Outflow slowing

Source: CoreLogic, ABS Regional Population, 2026

Key Sydney growth corridors

In 2026, the strongest growth in Greater Sydney is occurring in the South West (Leppington, Oran Park, Marsden Park) driven by new infrastructure and housing supply. The Western Sydney Aerotropolis around the new Nancy-Bird Walton Airport is attracting investor interest. The Central Coast and Wollongong continue to benefit from remote working trends and relative affordability compared to inner Sydney. Newcastle and Lake Macquarie have emerged as strong markets with median prices around $750,000-$850,000.

NSW Stamp Duty Rates and Thresholds

In New South Wales, stamp duty (transfer duty) is calculated on a sliding scale based on the property purchase price. NSW has the highest first home buyer stamp duty exemption thresholds in Australia - exempt up to $800,000, concessional between $800,000 and $1,000,000.

Property Value	Stamp Duty Rate
Up to $17,000	$1.25 per $100
$17,001-$36,000	$212.50 + $1.50 per $100 over $17,000
$36,001-$97,000	$497.50 + $1.75 per $100 over $36,000
$97,001-$364,000	$1,565 + $3.50 per $100 over $97,000
$364,001-$1,214,000	$10,910 + $4.50 per $100 over $364,000
$1,214,001-$3,636,000	$49,160 + $5.50 per $100 over $1,214,000
Over $3,636,000	$182,370 + $7.00 per $100 over $3,636,000

Up to $17,000

$1.25 per $100

$17,001-$36,000

$212.50 + $1.50 per $100 over $17,000

$36,001-$97,000

$497.50 + $1.75 per $100 over $36,000

$97,001-$364,000

$1,565 + $3.50 per $100 over $97,000

$364,001-$1,214,000

$10,910 + $4.50 per $100 over $364,000

$1,214,001-$3,636,000

$49,160 + $5.50 per $100 over $1,214,000

Over $3,636,000

$182,370 + $7.00 per $100 over $3,636,000

First home buyer concessions

Full exemption on properties up to $800,000
Concessional rate on $800,001-$1,000,000
Must be a new or existing home (not vacant land separately)
Must live in the property for at least 6 months

Foreign buyer surcharges

9% surcharge on top of standard stamp duty
Additional 4% annual land tax surcharge
Applies to temporary residents and foreign persons

Source: Revenue NSW, 2026

First home buyer advantage: A standard buyer on an $800K Sydney property pays approximately $31,335 in stamp duty - NSW first home buyers pay $0 under the First Home Buyers Assistance Scheme (exemption up to $800K, concession to $1M).

NSW Government Grants & Schemes for Home Buyers

First Home Owner Grant (FHOG)

In New South Wales, the First Home Owner Grant provides $10,000 to eligible first home buyers purchasing or building a new home valued up to $600,000, or a house and land package valued up to $750,000.

Grant amount: $10,000
New home cap: $600,000
House & land cap: $750,000
Eligibility: New homes only

Shared Equity - Home Buyer Helper

The NSW Shared Equity Home Buyer Helper scheme allows eligible buyers to purchase a home with a smaller deposit and mortgage, with the NSW Government contributing up to 40% of the purchase price for new homes or 30% for existing homes.

Government share (new): Up to 40%
Government share (existing): Up to 30%
Income cap (single): $90,000
Income cap (couple): $120,000

First Home Guarantee (Federal)

The federal First Home Guarantee allows eligible first home buyers in NSW to purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance. The government guarantees up to 15% of the property value.

Places (nationally): 35,000/year
Min deposit: 5%
Price cap (Sydney): $900,000
Price cap (regional NSW): $750,000

Help to Buy (Federal)

The Help to Buy shared equity scheme allows eligible buyers to purchase with as little as a 2% deposit. The government co-owns up to 40% of a new home or 30% of an existing home, reducing mortgage size and repayments.

Places (nationally): 40,000/year
Min deposit: 2%
Income cap (single): $90,000
Income cap (couple): $120,000

Choosing a Home Loan Lender in New South Wales

Major banks in NSW

All four major Australian banks - CommBank, Westpac, ANZ, and NAB - have extensive branch networks across NSW, with Westpac (formerly known as the Bank of New South Wales) having the deepest roots in the state. CommBank has the largest branch network in Sydney, and St. George (owned by Westpac) is also a strong NSW presence.

Full NSW postcode coverage including regional areas
In-branch service, mobile bankers, phone support
Package discounts for bundling products

Online lenders in NSW

Online lenders offer the lowest rates available to NSW borrowers. Unloan and Athena both lend across all NSW postcodes. These lenders typically offer rates 0.20-0.40% below major bank rates, saving $1,900-$3,800 per year on a $960,000 loan.

Unloan

From 6.44% (6.35% comparison rate*)

CommBank-backed

Athena

From 6.04% (6.04% comparison rate*)

Auto-rate match

ING

From 6.29% (6.32% comparison rate*)

Offset + cashback

Regional NSW lending

Most lenders cover all NSW postcodes, but some may apply restrictions for properties in very remote locations, on large acreage (40+ hectares), or in flood-prone areas. Buyers in regional areas like the Far West, Broken Hill, or remote Northern NSW should confirm postcode eligibility with their chosen lender. Credit unions like Greater Bank (now Heritage and People's Choice) and Teachers Mutual Bank are popular in regional NSW.

Broker vs direct in NSW

Approximately 70% of Australian home loans are arranged through mortgage brokers. In NSW, brokers can be especially valuable given the complexity of navigating high-value Sydney loans, stamp duty concessions, and government schemes. Brokers access 30-40 lenders and can negotiate on your behalf. Direct applicants may get slightly lower rates from some online lenders (e.g., Unloan is direct-only). Consider both channels.

$1.2M

Sydney median house price

Source: CoreLogic, September 2026

$750K

Average NSW home loan size

Source: ABS Lending Indicators

$10K

NSW First Home Owner Grant

New homes up to $600K

Frequently Asked Questions - Home Loans in NSW

Common questions about buying a home and getting a home loan in New South Wales.

Rates & Borrowing in NSW

What is the average home loan interest rate in New South Wales in 2026?

Which banks offer the best home loan rates in New South Wales?

How much can I borrow for a home loan in New South Wales?

How much deposit do I need for a home in Sydney?

Grants, Stamp Duty & Costs

What government grants are available for first home buyers in NSW?

What is stamp duty on a $1 million property in New South Wales?

What are the hidden costs of buying a home in New South Wales?

Buying in New South Wales

What is the median house price in Sydney in 2026?

Can I get a home loan for regional New South Wales?

Is it better to buy or rent in Sydney in 2026?

What is the difference between Torrens title and strata in NSW?

Related NSW Guides & Resources

Complete Home Loan Guide

Everything you need to know about Australian home loans.

Home Loans Australia

National home loan comparison.

First Home Buyers NSW

NSW grants, schemes & tips.

Refinance NSW

Switch & save on your NSW loan.

Green Home Loans NSW

Lower rates for energy-efficient homes.

Compare Home Loans in Other States

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