Updated daily · 85+ lenders tracked
Compare home loan rates across Australia
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The lowest variable owner-occupier home loan rate across 85+ Australian lenders is 5.93% p.a., refreshed daily and ranked by comparison rate. Compare 3,724 products free, with no sign-up.
Reviewed by the Ratesniffers Editorial Team, 29 June 2026
Live rates across the Australian panel✦No affiliate shading, every lender shown if its rate qualifies✦85+ lenders tracked✦3,724 products in our index✦Refreshed daily✦No fees to you✦Live rates across the Australian panel✦No affiliate shading, every lender shown if its rate qualifies✦85+ lenders tracked✦3,724 products in our index✦Refreshed daily✦No fees to you✦
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The Top 10 · Owner Occupier · Updated 29 June 2026, 5:45 am AEST
Rank
Lender & product
Rate p.a.
Comparison
LVR
Standout feature
01
Bank of China
Discount Plus Home Loan (with Principal and Interest Repayment)
5.93%
5.97%
—
Offset · Redraw
Sniff this rate 
06
People's Choice and Heritage
Discount Variable - Owner Occupied
5.99%
6.03%
≤80% LVR
Redraw · Extra repays
Sniff this rate 07
Newcastle Permanent Building Society
Premium Plus Package Variable Home Loan Principal and Interest
5.99%
6.03%
≤80% LVR
Offset · Redraw
Sniff this rate 08
Hume Bank
myBlue FHB Non Scheme Variable O/Occ P+I (up to 95% LVR)
5.99%
6.03%
—
Offset · Redraw
Sniff this rate 09
Bank of Queensland Limited
Economy Variable Home Loan
6.03%
6.07%
≤80% LVR
Redraw · Extra repays
Sniff this rate Rates accurate as of 29 June 2026, 5:45 am AEST. Comparison rate based on a $150,000 loan over 25 years.See all 3,724 products →
The Weekly Standouts · Issue №26
Three rates our analysts actually rang lenders about this week.
Every Friday, our editors hand-pick the most interesting moves in the market , not the loudest. Cashbacks, cuts, and quiet sleepers.
Editor's pickBank of ChinaBank of China sits at 5.93%, the lowest in our index this week
Bank of China continues to undercut the field with its discount plus home loan (with principal and interest repayment). We've checked the comparison rate and the fee structure, it stacks up.
Rate
5.93%
You could save
$3,800/yr*
Updated 29 June 2026, 5:45 am AESTTalk to a broker →
Sleeper
ING BANK (Australia) LtdING BANK (Australia) Ltd quietly trims to 5.99%, without the noise
ING BANK (Australia) Ltd's orange advantage is the second-cheapest tracked rate this week, with no application fee.
Rate
5.99%
You could save
$2,200/yr*
Updated 29 June 2026, 5:45 am AESTTalk to a broker →
Worth a look
ME Bank - ME GoME Bank - ME Go matches at 5.99%, and includes redraw
Round out the top 3 with ME Bank - ME Go's me bank econome home loan. Honest features, no annual fee surprises.
Rate
5.99%
You could save
$1,900/yr*
Updated 29 June 2026, 5:45 am AESTTalk to a broker →
Tracking 85+ Australian lenders
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Latest from the desk
What moved the market this week.
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Fewer than half of all homes taken to auction found a buyer last weekend, with Sydney recording its weakest clearance rate since April 2020.
29 June
Negative Gearing Tax Reform Is Now Law: What Borrowers Need to Know
Australia's biggest property investor tax overhaul in a generation has cleared Parliament — here's what changes from 1 July 2027 and how to prepare.
29 June
May Spending Surge Dims Hopes of RBA Rate Cuts in 2026
The ABS Household Spending Indicator jumped 1.3% in May, more than double forecasts, keeping further rate rises firmly on the table.
28 June
Negative Gearing Reform Is Now Law: What Investors Must Do
Labor's negative gearing and CGT overhaul cleared Parliament on 25 June — here's what every Australian property investor needs to know now.
28 June
Home loan rate questions
How does Ratesniffers source its home loan rates?
Rates are refreshed daily from authoritative Australian lender sources and verified against each lender's own published product page before going live. We don't accept paid placement to influence ranking, every lender appears if its rate qualifies, regardless of whether they advertise with us.
What is the cheapest home loan rate in Australia today?
The lowest variable principal-and-interest owner-occupier rate in our index right now is 5.93%, refreshed within the last 24 hours. The lowest 3-year fixed rate is 6.24%.
Why is the comparison rate different from the headline rate?
The headline rate is the interest rate alone; the comparison rate folds in standard upfront and ongoing fees, normalised on a $150,000 / 25-year secured loan. It's a statutory disclosure under the National Consumer Credit Protection Act, designed to make different fee structures comparable on a single number.
Is the lowest rate always the best home loan?
Not necessarily. A loan with a slightly higher rate but a fully featured offset, redraw, no annual fee, and flexible repayments often beats a sharper rate locked behind a basic product. We display features and fees alongside the rate so the comparison is on the whole package.
Does Ratesniffers charge to compare or apply for a home loan?
No. The comparison tools, calculators and editorial content are free to use, and there is no email gate or sign-up required.
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