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The strong Australian home loan market
The home loan market in Australia is very competitive between banks and non-bank lenders as they try to get your business. All lenders compete for your home loan by offering a range of home loans such as fixed and variable rate home loans, as well as a variety of home loan options such as redraw and offset facilities. Because of the size of the home loan market and the competition from lenders, you are more likely to have a better chance of finding a home loan with a lower interest rate and a type of mortgage that will suit your budget and lifestyle.
Types of Australian home loans
- Fixed
- Variable
- Low Doc
- Introductory Rate
Search and compare thousands of Australian home loans from some of Australia’s best lenders at RateCity. Find the most competitive rates and crunch the figures using the home loan comparison tool and repayments calculator.
Disclaimer
This article is over two years old, last updated on July 6, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
Compare home loans in Australia
Product database updated 10 Jan, 2025
Fact Checked
Promoted home loans
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.10%
Australian Credit Licence 234527
Fees & charges apply
Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.04%
Comparison rate* p.a.
6.08%
Australian Credit Licence 395219
Fees & charges apply
Solar Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.48%
Australian Credit Licence 395219
Fees & charges apply
Product data updated on 10 Jan 2025
