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First home buyer splurge: cheaper now but paying for it later!

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HSBC
NAB
Commonwealth Bank
ANZ
Westpac
Macquarie Bank
HSBC
NAB
Commonwealth Bank
ANZ
Westpac
Macquarie Bank

RateCity’s First Home Buyer Affordability Index shows more affordable than 12 months ago. But new borrowers taking on more debt. Cost escalates with higher rates: $400,000 mortgage costs extra $108,716 in interest than $300,000 loan over 30 years. National and state-by-state breakdown

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.