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Australia’s best value home loans

June 19, 2011

Your Investment Property magazine has announced their list of the best mortgage deals now available. The research takes into account not only the comparison rate but also major costs such as deferred establishment fees, upfront and ongoing fees.

Best standard variable loan:

Bank Based on true cost after three years

  1. NAB Choice Package Tailored HL Variable Rate > $250
  2. ING Direct Orange Advantage
  3. Adelaide Bank Variable SmartFit

Based on true cost after five years

  1. NAB Choice Package Tailored
  2. ING Direct Orange Advantage
  3. Adelaide Bank Variable SmartFit

Non-bank

Based on true cost after three years

  1. Reduce Home Loans Standard Variable
  2. Homeloan HQ HLHQ Home Loan
  3. RAMS Rate Relief Home Loan

Based on true cost after five years

  1. RAMS Rate Relief Home Loan
  2. Homeloan HQ HLHQ Home Loan
  3. Reduce Home Loans Standard Variable

Three-year fixed loan:

Bank

Based on true cost after three years

  1. Suncorp 3-year Fixed Interest in Advance Home Loan
  2. HSBC Bank 3-year Fixed Rate Home Loan
  3. ANZ Bank Fixed Rate 3-year

Based on true cost after five years

  1. HSBC Bank 3-year Fixed Rate Home Loan
  2. AMP Banking 3-year Fixed Rate ($250k-$749,999)
  3. Suncorp 3-year Fixed Interest in Advance Home Loan

Non-bank

Based on true cost after three years

  1. Unicredit (WA) Fixed 3-year
  2. Heritage BS 3-year Fixed
  3. Community CPS 3-year Fixed $200,000

Based on true cost after five years

  1. Unicredit (WA) Fixed 3-year
  2. Heritage BS 3-year Fixed
  3. Community CPS 3-year Fixed $200,000+

 

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