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Comparison rate*Laboratories Credit Union
Owner occupier · Variable · P&I · ≤95% LVR
Monthly repayments
on $600,000 · 30 yrs · P&I
Lowest home loan rates by type
Discover the top rates based on what you need.
*Comparison rates are based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the example fiven and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Owner occupier · Refinance home loans
| Lender & product | Type | Features | Compare | |||
|---|---|---|---|---|---|---|
:format(webp)){kind=small} Laboratories Credit Union Simple Home Loan Owner Occupied · Principal & interest · ≤95% LVR | 5.69%p.a. | 5.71%p.a. | Variable | RedrawExtra repays | $3,479 | Compare Lowest |
:format(webp)){kind=small} South West Slopes Bank Intro Discounted Standard Variable Home Loan · Principal & interest · ≤90% LVR | 5.70%p.a. | 6.06%p.a. | Variable | OffsetRedrawExtra repays | $3,482 | |
:format(webp)){kind=small} BankWAW Back to Basics Home Loan · Principal & interest · ≤59% LVR | 5.79%p.a. | 6.01%p.a. | Variable | Extra repays | $3,517 | |
:format(webp)){kind=small} Pacific Mortgage Group Owner Occupied Variable Home Loan · Principal & interest · ≤80% LVR | 5.84%p.a. | 5.84%p.a. | Variable | Redraw | $3,536 | |
:format(webp)){kind=small} Virgin Money Lite Home Loan Variable · Principal & interest · ≤80% LVR | 5.84%p.a. | 5.86%p.a. | Variable | RedrawExtra repays | $3,536 | |
Virgin Money Lite Home Loan Variable · Principal & interest · ≤70% LVR | 5.84%p.a. | 5.86%p.a. | Variable | RedrawExtra repays | $3,536 | |
Virgin Money Lite Home Loan Variable · Principal & interest · ≤60% LVR | 5.84%p.a. | 5.86%p.a. | Variable | RedrawExtra repays | $3,536 | |
:format(webp)){kind=small} Gateway Bank Green Plus Home Loan · Principal & interest · ≤80% LVR | 5.85%p.a. | 6.14%p.a. | Variable | OffsetRedrawExtra repays | $3,540 |
If you choose to compare with us, our experts can offer you rates from the lenders in our panel only. Some of the lenders shown in our comparison tables are not on our lender panel.
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Rate news this month · 30 July 2026
The RBA has taken a pause, but borrowers shouldn't
Home loan rates in Australia remain high overall, but competition between lenders is creating opportunities for borrowers willing to shop around. The lowest variable rate on HomeLoanRates.com.au's database is 5.69% p.a. (comparison rate* 5.71% p.a.), which is well short of the lowest rates offered by any of the major banks.
The RBA cash rate currently sits at 4.35%, following three increases in early 2026. The RBA paused in June to assess their impact, and the latest round of inflation data points to another hold in August.
Fixed rates are generally less competitive, reflecting uncertainty about where lenders’ funding costs and the cash rate will go next. That said, some lenders are sharpening fixed rates on the assumption that we've reached the top of the rate hiking cycle.
The gap between lenders remains significant, particularly the rates on offer for new customers. Borrowers who are prepared to switch (and make that intent clear to their current lender) are in a strong position to negotiate preferential pricing.
For existing borrowers, this makes it worth comparing their rate with current market offers and asking their lender for a reduction before refinancing. Prospective buyers should allow for the possibility that rates remain elevated and compare loans using the comparison rate, fees and features, not simply the lowest advertised interest rate.
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