Many of Australia’s banks and other mortgage lenders have already announced that they’re raising their home loan interest rates following the Reserve Bank of Australia (RBA) board’s November 2023 meeting. Homeowners and investors hoping to get a better mortgage deal may need to look beyond a home loan’s cost and consider the overall value offered by different lenders.
RateCity’s Real Time Ratings™ combine the cost and flexibility of each home loan offer into a single simple star rating, allowing you to quickly compare the overall value of different mortgage options side by side. These ratings are updated regularly, so you can make a more accurate mortgage comparison even as lenders raise and lower interest rates or add and remove features and benefits.
For an even simpler home loan comparison, you can use RateCity’s Home Loan Leaderboards, which rank mortgage deals in different categories by their Real Time Ratings™. Some of the consistently top-ranked home loans in different categories may become eligible for the RateCity Gold Awards.
(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)