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Home loan reportAs of 30 September 2026September 2026

Since tracking began on 12 September, fixed rates rose 0.12 on average and variable rates held, as 14 lenders raised rates and 4 cut them.

RBA cash rate 4.60% · raised on 30 September · the average variable loan is advertised 1.67 above it

Lowest rates

As of 30 September 2026
  1. 1st
    5.80%Unloan Home LoanUnloanVariable · P&I · Owner-occupier · ≤80% LVR · 5.89% advertisedGo to site
  2. 2ndVirgin Money Lite Home LoanVirgin Money5.86%
  3. 3rdUp Home LoanUp5.95%
  1. 4=loans.com.au Bare Home Loan5.98%
  2. 4=Mortgage House Chameleon - Executive Home Loan 805.98%
  3. 4=Newcastle Permanent Real Deal Home Loan Principal and Interest5.98%
  4. 7Bendigo Bendigo Express Home Loan6.02%
  5. 8Tiimely Home Tiimely Basic Home Loan6.05%
  6. 9ME Bank ME Bank EconoME Home Loan6.06%
  7. 10=BCU OMG Home Loan (P&I) LVR>60-806.07%
Compare home loans from 41 lenders

Owner-occupier, principal and interest, each loan at its rate for 80% LVR, one row per loan. Variable loans are ranked by comparison rate; fixed loans by the fixed rate, since their comparison rate is mostly the rate they revert to.

Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fixed against variable

Average advertised rate
RateAverageSince 12 Sep
  1. Variable80 loans6.27%0.00
  2. 1-year fixed46 loans · +0.30 against variable6.57%+0.11
  3. 2-year fixed47 loans · +0.31 against variable6.58%+0.13
  4. 3-year fixed46 loans · +0.33 against variable6.60%+0.12
  5. 4-year fixed35 loans · +0.45 against variable6.72%+0.11
  6. 5-year fixed45 loans · +0.48 against variable6.75%+0.12

Owner-occupier, principal and interest, one row per loan at its rate for 80% LVR. The last column compares the loans tracked on both dates; our own corrections aren't counted.

Rate changes in September

Since 12 September
  1. Macquarie Fixed rates, 1 to 5 years100 variants, the largest on 2yr Fixed · P&I · Owner-occupier · ≤70% LVR6.39 → 6.59 · 24 Sepup to +0.20
  2. Bank Australia Fixed rates, 1 to 5 years99 variants, the largest on 1yr Fixed · P&I · Owner-occupier · ≤80% LVR6.34 → 6.74 · 19 Sepup to +0.40
  3. ING Variable and fixed rates68 variants, the largest on 2yr Fixed · P&I · Investor · ≤80% LVR6.39 → 6.79 · 23–29 Sepup to +0.40
  4. NAB Fixed rates, 1 to 5 years60 variants, the largest on 2yr Fixed · P&I · Owner-occupier · ≤80% LVR6.34 → 6.49 · 18 Sepup to +0.15
  5. BankSA Fixed rates, 1 to 5 years55 variants, the largest on 5yr Fixed · P&I · Investor · ≤70% LVR6.84 → 7.34 · 19 Sepup to +0.50
  6. St George Fixed rates, 1 to 5 years55 variants, the largest on 5yr Fixed · P&I · Investor · ≤70% LVR6.84 → 7.34 · 19 Sepup to +0.50
  7. Bank of Melbourne Fixed rates, 1 to 5 years55 variants, the largest on 4yr Fixed · P&I · Investor · ≤70% LVR6.84 → 7.34 · 19 Sepup to +0.50
  8. Westpac Fixed rates, 1 to 5 years40 variants, the largest on 5yr Fixed · P&I · Investor · ≤70% LVR6.84 → 7.34 · 19 Sepup to +0.50
  9. ubank Fixed rates, 1 to 5 years32 variants, the largest on 1yr Fixed · P&I · Investor · ≤90% LVR6.89 → 7.19 · 25 Sepup to +0.30
  10. Newcastle Permanent Fixed rates, 1 to 2 years32 variants, the largest on 1yr Fixed · P&I · Owner-occupier · ≤80% LVR6.39 → 6.49 · 29 Sepup to +0.10
  11. Commonwealth Bank Variable rates29 variants, the largest on Variable · P&I · Investor · ≤60% LVR6.79 → 6.67 · 1 Octup to −0.12
  12. Commonwealth Bank Fixed rates, 1 to 5 years15 variants, the largest on 2yr Fixed · P&I · Owner-occupier · ≤95% LVR6.34 → 6.82 · 22 Sepup to +0.48
  13. People First Bank Fixed rates, 1 to 5 years15 variants, the largest on 2yr Fixed · P&I · Owner-occupier · ≤95% LVR6.64 → 6.94 · 23 Sepup to +0.30
  14. P&N Fixed rates, 1 to 2 years13 variants, the largest on 2yr Fixed · Interest Only · Investor · ≤80% LVR · 1 days after the RBA rise to 4.60%6.39 → 6.64 · 1 Octup to +0.25
  15. BCU Fixed rates, 1 to 2 years8 variants, the largest on 2yr Fixed · P&I · Investor · ≤90% LVR · 1 days after the RBA rise to 4.60%6.39 → 6.64 · 1 Octup to +0.25

One row per lender and direction, counting every variant and LVR band that moved; the rate shown is the variant that moved most. Not counted as changes: 696 corrections of our own reading of a lender's feed and 630 variants we started tracking after 12 September.

Data
Each lender's Consumer Data Right (open banking) product feed, re-read nightly. A reading is recorded when a variant's published rate differs from the last one stored. The cash rate is the RBA's published target.
Like for like
Averages and changes compare the loans tracked on both dates. Our own corrections are taken back to the start and never counted as a lender's move. Variable moves are measured on the comparison rate, fixed moves on the fixed rate.
Scope
Home loans a member of the public can apply for directly, as listed on BankMate, across 41 lenders. Factual comparison, not financial advice. Methodology · Today's full ranking

As of 30 September 2026, the lowest owner-occupier variable home loan comparison rate tracked by BankMate (principal and interest, 80% LVR) was 5.80% from Unloan (Unloan Home Loan). The average across 80 such loans was 6.36%. Advertised variable rates averaged 6.27%, 1.67 points above the RBA cash rate of 4.60%. The lowest 2-year fixed rate was 6.09% from Southern Cross Credit Union. Since tracking began on 12 September, 14 lenders raised rates and 4 lenders cut them, across 686 variants.