Mortgage Rates

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Mortgage Rates

Mortgage rates are the key to determining your regular home loan repayments and total loan amount so it’s important to shop around for the lowest interest rates. At RateCity we make this process easier by allowing you to search and compare some of Australia’s best mortgage rates in one place.

No two lenders are the same so it’s essential to expand your search to include a large range of Australian lenders, not just the top four big banks.

Just like you dedicate hours to finding the perfect home to purchase, it’s equally as important to spend time comparing home loan rates offered by a range of different lenders. Shopping around will not only give you peace of mind that you have found a great deal but could also save you thousands of dollars over the term of the loan.

For instance, if you are considering a mortgage rate of 7.22 percent for a $300,000 loan over 25 years and you shopped around to find a better rate of 6.79 percent then you might save more than $80 each month in repayments. Over 25 years that is a whopping saving of $24,000, and evidence that shopping your mortgage rate has is benefits.

Beware of clever marketing ploys that offer a very low interest rate for an introductory period only. While these mortgage introductory deals are still highly desirable you need to make sure you enquire into the revert interest rate, as once the low rate introductory period ends it will automatically revert back to a higher interest rate.

Australian mortgage lenders are highly competitive so you won’t have to look far for a great mortgage rate deal, and with over 2000 home loans listed on RateCity you might just find one below.

Updating your preferences
We've found 106 products that match your search

Show: 10 25 50 All Results

Company Product Advertised Rate Comparison Rate Application Fees Monthly Repayment Star Rating Go To Site
Select up to 3 products to compare
loans.com.au Dream Home Loan - Hot Summer Rate 4.49% Variable 4.53% $0 $1,388.17
Go to Site
UBank UHomeLoan 4.62% Variable 4.62% $0 $1,406.67
Go to Site
bankmecu Basic Variable Special 4.69% Variable 4.73% $0 $1,416.68 Not Rated Go to Site
HSBC Home Value 4.75% Variable 4.75% $0 $1,425.3
Go to Site
State Custodians Standard Variable Offset 4.69% Variable 4.87% $0 $1,715.68
Go to Site
AMP Bank Essential Home Loan 4.9% Variable 4.92% $0 $1,446.95
Go to Site
BOQ Clear Path Variable Home Loan 4.87% Variable 5% $0 $1,452.61 Not Rated Go to Site
UBank UHomeLoan Fixed 5 yrs 5.56% Fixed 5 years 5.02% $0 $1,544.19
Go to Site
Newcastle Permanent Discounted Real Deal 3 yrs 5.15% Variable 5.12% $550 $1,446.95
Go to Site
bankmecu First Homebuyers 5.09% Variable 5.18% $595 $1,474.62 Not Rated Go to Site
bankmecu Premium 250-499k 5.14% Variable 5.19% $0 $1,481.94
Go to Site
Newcastle Permanent Real Deal 5.15% Variable 5.19% $550 $1,483.41
Go to Site
ME Bank Standard Fixed 3 yrs 4.69% Fixed 3 years 5.22% $0 $1,416.68
Go to Site
Newcastle Permanent Premium Plus Package Premium Variable 250-499k 4.87% Variable 5.22% $0 $1,817.61
Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 1 yr 4.65% Fixed 1 year 5.24% $0 $1,410.96
Go to Site
AMP Bank Basic Variable Loan 5.2% Variable 5.24% $0 $1,490.76
Go to Site
CUA Rate Breaker Rate Breaker 10k+ 4.91% Variable 5.25% $0 $1,798.4
Go to Site
CUA Rate Breaker 4.91% Variable 5.25% $0 $1,798.4
Go to Site
Greater Building Society Ultimate Home Loan Package Variable 4.94% Variable 5.26% $0 $1,452.75
Go to Site
CUA Residential Fixed 3 yrs 4.89% Fixed 3 years 5.32% $600 $1,445.5
Go to Site
AMP Bank Professional Package Classic Variable 250-749k 5% Variable 5.32% $0 $1,461.48
Go to Site
HSBC Residential Fixed 1 yr 4.49% Fixed 1 year 5.33% $600 $1,388.17
Go to Site
HSBC Residential Fixed 3 yrs 5.09% Fixed 3 years 5.34% $600 $1,474.62
Go to Site
Gateway Credit Union Low Rate Plus Variable 150k+ 5.14% Variable 5.39% $0 $1,730.94
Go to Site
bankmecu First Home Buyers Loan Package First Homebuyers 4.99% Variable 5.4% $595 $1,810.02 Not Rated Go to Site

Showing 1 - 25 of 106 results

Show: 10 25 50 All Results

Data last updated April 17th, 2014

Expand your search to include all products without Go to Site links

The comparison rate is based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.