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Compare home loan rates across Australia
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As of 31 Aug 2026, 6:05 am AEST, the lowest variable owner-occupier home loan rate Ratesniffers compares is 5.94% p.a., refreshed daily and ranked by comparison rate. Compare 16,511 products free, with no sign-up.
Reviewed by the Ratesniffers Editorial Team, 31 Aug 2026
Live rates across the Australian panel✦No affiliate shading, every lender shown if its rate qualifies✦80+ lenders tracked✦16,511 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✦80+ lenders tracked✦16,511 products in our index✦Refreshed daily✦No fees to you✦
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The Top 10 · Owner Occupier · Updated 31 Aug 2026, 6:05 am AEST
Rank
Lender & product
Rate p.a.
Comparison
LVR
Standout feature
01
Newcastle Permanent Building Society
Real Deal Home Loan Principal and Interest
5.94%
5.98%
≤80% LVR
Redraw · Extra repays
Sniff this rate 04
Firefighters Mutual
Firefighters Mutual Bank
Your Way Plus Home Loan
5.99%
6.03%
≤80% LVR
Offset · Redraw
Sniff this rate 05
Health Professionals
Health Professionals Bank
Your Way Home Loan
5.99%
6.03%
≤80% LVR
Redraw · Extra repays
Sniff this rate 08
Bank of Queensland Limited
Economy Variable Home Loan
6.03%
6.07%
≤80% LVR
Redraw · Extra repays
Sniff this rate Rates accurate as of 31 Aug 2026, 6:05 am AEST. Comparison rate based on a $150,000 loan over 25 years.See all 16,511 products →
Cashback and rebate offers, live now
Offer register as at 2026-08-30$3,000ANZ · First Home Buyer BoostConditions apply
$3,000ME · Refinance cashbackMinimum loan $700,000
$2,500+Bank of China · Refinance or purchase cashbackMinimum loan $400,000
$2,000Credit Union SA · Eligible member cashbackMinimum loan $300,000
$2,000ME · LMI cashbackMinimum loan $400,000
$1,500BCU · Essential Services rebateMinimum loan $250,000
Amounts shown are rounded down. Eligibility criteria, minimum loan sizes and conditions apply, and lenders can change or withdraw offers without notice.
All cashback offers →The Weekly Standouts · Issue №35
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 pickNewcastle Permanent Building SocietyNewcastle Permanent Building Society sits at 5.94%, the lowest in our index this week
Newcastle Permanent Building Society continues to undercut the field with its real deal home loan principal and interest. We've checked the comparison rate and the fee structure, it stacks up.
Rate
5.94%
You could save
$3,800/yr*
Updated 31 Aug 2026, 6:05 am AESTTalk to a broker →
Sleeper
Bank AustraliaBank Australia quietly trims to 5.95%, without the noise
Bank Australia's offset home loan is the second-cheapest tracked rate this week, with no application fee.
Rate
5.95%
You could save
$2,200/yr*
Updated 31 Aug 2026, 6:05 am AESTTalk to a broker →
Worth a look
Australian Military BankAustralian Military Bank matches at 5.99%, and includes offset
Round out the top 3 with Australian Military Bank's dhoas value home loan. Honest features, no annual fee surprises.
Rate
5.99%
You could save
$1,900/yr*
Updated 31 Aug 2026, 6:05 am AESTTalk to a broker →
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Latest from the desk
What moved the market this week.
Non-Bank Lenders Fight for Loans as Arrears Data Improves
BNK Banking Corporation's FY26 results show residential serious arrears falling sharply and fierce lender competition — useful signals for borrowers shopping for a better deal.
31 Aug
Three Major Banks Now Forecasting a Rate Rise in 2026
Three of Australia's four major banks are forecasting a 25-basis-point rate hike before year's end, with NAB expecting September and CBA and ANZ tipping November.
31 Aug
Why Smart Borrowers Look Beyond Rate Shopping
Finance strategist Rachael Howlett says AI is making rate comparisons a commodity — the brokers who survive will offer genuine financial strategy.
30 Aug
Non-Bank Lenders Surge: What Borrowers Need to Know
Non-bank lenders grew home loans by 65 per cent last financial year as major banks stalled — and that shift is creating real choices for borrowers.
30 Aug
Cite this desk
A dated rate report you can quote.
Live tables on this page move as lenders update. When you need a stable, dated 80% LVR snapshot of owner-occupier home loans, use the Ratesniffers Rate Index Report. It is free to cite with a link. The report carries the figures, the source date, and the comparison-rate warning.
This comparison rate applies only to the example or examples 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. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
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 5.94%, refreshed within the last 24 hours. The lowest 3-year fixed rate is 6.09%.
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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