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Home Loan News

ANZ says bank backlash is subsiding

ANZ Bank's head of Australian banking, Phil Chronican, says he suspects the backlash against the big banks over interest rates is subsiding after the subdued response to ANZ's decision last week to cut mortgage rates by only 37 basis points after the Rese Read full article

Rush to fix rates came too soon

The Australian Bureau of Statistics reported that about 14.5 per cent of all home loans in March were fixed - the highest proportion since May 2008. Read full article

Average new home loan falls to $284,500

Australian Bureau of Statistics housing finance figures published yesterday show that there has been solid growth in the number of dwelling commitments and a significant reduction in the size of the average home loan. Read full article

Westpac cuts fixed rates to 5.99%

Westpac has slashed fixed home loan rates to the lowest level in three years. Read full article

NAB commits to having lowest SVR

National Australia Bank (NAB) chief executive Cameron Clyne said more rate cuts are expected. We're likely to see another 50 basis points of cuts over the course of the year. Read full article

More Home Loan News >

Home Loan Guides

Don’t get caught out with interest rates increases

Your bank just increased your home loan rate by 0.25% (or did they?) How to keep your lender honest Read full article

Prepare for Rate Rise or Risk Needing a Second Job

Leading banking comparison site Infochoice.com.au has warned many Australians are inadequately prepared to cover the rising costs of home loan repayments following the anticipated return to more normal interest rate levels in the coming months. Read full article

How to reduce your bank fees

With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. Read full article

What is a non-conforming loan?

It is important to be aware of the distinction between low-doc and non-conforming loan products. Read full article

What are low-doc loans?

Low-documentation or low-doc loans are for people generally the self-employed - who have difficulty getting the documentation together that is required to get a traditional home loan. Read full article

What to ask your low-doc lender

Low-doc loans are designed for people who wish to borrow to buy a property but cannot provide the documentation that is generally required for a standard loan. Read full article

Watch out for hidden early exit fees

Check the exit fees and consider how long you're likely to stick with a loan. Read full article

Don't be misled by 'standard variable rates' - use the IBVR

The average rate paid for standard loans at variable rates, and taking into account all types of lenders and discount packages, is 5.36 per cent, Infochoice's Benchmark Variable Rate analysis shows. Read full article

Reverse mortgages explained

A number of lenders now offer "reverse mortgage" loans for retired people who own their own home but have little cash to live on. Read full article

What to look for in a reverse mortgage

While reverse mortgages are being touted as the answer to a cash-strapped, home-owning retirees prayers, there are always potential pitfalls to consider. Read full article

More Home Loan Guides >

Choosing a Home Loan

Whether you are a first-time buyer looking for a home loan or looking to refinance your existing home loan, you'll find it easier to find the loan that meets your needs right here.

Finding the right home loan isn't an easy task with thousands of products from hundreds of lenders it can be overwhelming just thinking about. Instead of searching through thousands of websites and sifting through mountains of information we've compiled the important details in a nice easy to digest table format.

To help you find the home loan we've created a search selector which helps narrow down the list of home loans simply by entering loan amount required, fixed or variable, loan purpose you can quickly narrow down your options. If your looking for a specific type of loan on offer you can use our quick links above the selector to go straight to the home loan results pages. With home loans being such a complicated product there are 3 tables for you to look through detailing rates, fees and features of those loans, you can view each of these tables by clicking on the tabs above the tables. If you've found some home loans that you think will suit your requirements you can compare each of these loans side-by-side by selecting the tick box next to each of the loans and click the compare selected button, in this view you will be able to view each of the loans with a full list of details in a side-by-side comparison.

We also offer a direct link to the home loan providers website where you can click through and get in touch with them directly, or if you would like to ask us a question simply fill out our "help me choose" form and one of our home loan experts will get in touch with you to discuss any questions you may have.


Today's Top Home Loan Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.49
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.