Mortgage Rates

Need some help?
Check out our Home Loans Guide

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 found 54 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 Blackboard Special 4.54% Variable 4.58% $0 $1,272.66
Go to Site
UBank UHomeLoan 4.62% Variable 4.62% $0 $1,284.60
Go to Site
CUA Fresh Start Variable 4.65% Variable 4.67% $0 $1,289.09 Not Rated Go to Site
bankmecu Basic Variable Special 4.69% Variable 4.70% $0 $1,295.09 Not Rated Go to Site
Yellow Brick Road Rate Smasher 4.68% Variable 4.71% $0 $1,293.59 Not Rated Go to Site
State Custodians Breathe Easy Offset 4.84% Variable 4.74% $0 $1,317.71
Go to Site
HSBC Home Value 4.80% Variable 4.82% $0 $1,311.66
Go to Site
BOQ Clear Path Variable Home Loan 4.87% Variable 5.00% $0 $1,322.26
Go to Site
UBank UHomeLoan Fixed 5 yrs 5.43% Fixed 5 years 5.08% $395 $1,322.26
Go to Site
bankmecu First Homebuyers 5.09% Variable 5.18% $595 $1,355.84 Not Rated Go to Site
bankmecu Premium 250-499k 5.14% Variable 5.19% $0 $1,363.53
Go to Site
Commonwealth Bank No Fee Variable Rate 5.20% Variable 5.20% $0 $1,372.78
Go to Site
CUA Rate Breaker 4.91% Variable 5.25% $0 $1,386.78
Go to Site
CUA Rate Breaker Rate Breaker 10k+ 4.91% Variable 5.25% $0 $1,386.78
Go to Site
CUA Residential Fixed 3 yrs 4.69% Fixed 3 years 5.26% $600 $1,465.60
Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 3 yrs 4.69% Fixed 3 years 5.28% $500 $1,332.90
Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 2 yrs 4.69% Fixed 2 years 5.30% $500 $1,332.90
Go to Site
Greater Building Society Ultimate Home Loan Package Variable 4.94% Variable 5.30% $0 $1,332.90
Go to Site
Greater Building Society Ultimate Home Loan Package Standard Fixed 1 yr 4.49% Fixed 1 year 5.30% $500 $1,332.90
Go to Site
CUA Residential Premium Fixed 3 yrs 4.84% Fixed 3 years 5.30% $600 $1,465.60
Go to Site
FCCS Credit Union Property Accumulator 5.29% Variable 5.34% $600 $1,386.71
Go to Site
FCCS Credit Union Member Advantage Loan 5.29% Variable 5.34% $600 $1,386.71
Go to Site
bankmecu First Home Buyers Loan Package First Homebuyers 4.99% Variable 5.36% $0 $1,340.53 Not Rated Go to Site
CUA Residential Premium Fixed 2 yrs 4.99% Fixed 2 years 5.38% $600 $1,403.83
Go to Site
CUA Residential Premium Fixed 5 yrs 5.30% Fixed 5 years 5.42% $600 $1,403.83
Go to Site

Showing 1 - 25 of 54 results

Show: 10 25 50 All Results

Data last updated July 31st, 2014

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. The monthly repayment is based on the advertised rate, your chosen loan amount and a 25 year loan term.

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.