HOME LOANS

News, info and tips to help you save smarter

Fixed vs. Variable rate loans

Whether you are buying your first home, refinancing or purchasing an investment property, make sure you compare the best home loans on the market to see if home ownership is a good financial step for you.

Product options for fixed and standard variable rates are endless, so narrow down the search by doing your homework to find the one which meets your budget and needs.

Look for an interest rate lower than the bank’s standard variable rate (SVR) and don’t hesitate to check out other lenders, credit unions and building societies.

Not sure what rate option to go with? Here are some tips to help you decide:

Go with a fixed rate loan if

  • You believe interest rates will rise
  • Finances have tightened your belt and you need to know your expenses
  • You don’t need extra features such as a redraw facility

Go with a variable rate loan if

  • Interest rates are expected to drop
  • You have financial surplus to ride the fluctuations in the interest rate cycle
  • You want to be able to make extra repayments

To compare a large range of variable and fixed rate loans visit our online comparison page and work out your finances with the home loan repayment calculator. For all the latest home loan related tips and information read our news articles and home loan guides


This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a home-loan, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.