Variable Rate Mortgages

Need some help?
Check out our Home Loans Guide

Variable Rate Mortgages

Variable rate mortgages are a popular home loan choice for Australian borrowers. By searching and comparing variable rate mortgages online you can feel confident you have found some of the best deals in the market.

Variable rate home loans offer interest rates defined by the Australian industry cash rate. When interest rates are low, lenders can pass on these rates to borrowers, making it an excellent time to secure a variable rate mortgage and reap the potential savings.

Variable rate mortgages are an attractive loan option for borrowers as it offers more flexibility than a fixed rate mortgage. As well as giving Australians some of the most competitive interest rates in the market, a variable rate home loan has a huge range of features which include redraw facilities and the option to make extra repayments at the frequency of your choosing.

Unlike a fixed rate mortgage, your repayments will change along with the market rate fluctuation, making it harder to budget. On the plus side, this will allow you to benefit from any interest rates falls. But this also means that you need to accommodate for interest rate rises. It’s a great idea to try and factor in a two percent buffer to allow for interest rate movements so you are prepared for an increase in your home loan repayments.

If you are unsure about whether to choose a fixed or variable interest rate you could consider splitting your loan across both rate options, or fixing your loan for just a set period of time.

Before taking the leap it’s a great idea to arm yourself with as much information as possible by searching and comparing a range of Australian variable and fixed rate home loan options.

Start searching through thousands of home loan options below and define your search to suit your specific requirements and preferences.

Updating your preferences
We've found 33 products that match your search

Show: 10 25 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
State Custodians Breathe Easy Offset 4.84% Variable 4.74% $0 $1,438.27
Go to Site
HSBC Home Value 4.75% Variable 4.75% $0 $1,425.3
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
Gateway Credit Union Premium Variable 150k+ 4.83% Variable 5.06% $0 $1,685.83
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
Newcastle Permanent Premium Plus Package Premium Variable 250-499k 4.87% Variable 5.22% $0 $1,817.61
Go to Site
AMP Bank Basic Variable Loan 5.2% Variable 5.24% $0 $1,490.76
Go to Site
CUA Rate Breaker 4.91% Variable 5.25% $0 $1,798.4
Go to Site
CUA Rate Breaker Rate Breaker 10k+ 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
AMP Bank Professional Package Classic Variable 250-749k 5% Variable 5.32% $0 $1,461.48
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
bankmecu Construction 10-499k 5.04% Variable 5.42% $0 $1,817.31 Not Rated Go to Site
Suncorp Bank Back To Basics 5.41% Variable 5.46% $600 $1,521.82
Go to Site
Newcastle Permanent Premium Plus Package Real Deal 50k+ 5.15% Variable 5.5% $0 $1,858.41
Go to Site
Newcastle Permanent Intro Variable 1 yr 5.55% Variable 5.52% $550 $1,439.72
Go to Site
Newcastle Permanent Real Options 5.55% Variable 5.59% $550 $1,542.7
Go to Site
AMP Bank Professional Package Intro 1yr Variable 1 yr 100k+ 5.5% Variable 5.77% $0 $1,461.48
Go to Site

Showing 1 - 25 of 33 results

Show: 10 25 All Results

Data last updated April 24th, 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.