Home Loan and Investment Property Loan Interest Rates
As of September 2024, residential home loan interest rates in Australia are averaging around 6.15% for variable-rate loans and 6.50% for fixed-rate loans, reflecting the stable environment following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.10%. Investment loan rates are slightly higher, with variable rates around 6.50% and fixed rates near 6.85%. The RBA has adopted a cautious stance, holding rates steady to balance economic growth and inflation control. This stability signals the RBA’s commitment to maintaining a predictable borrowing environment, which is crucial for both homebuyers and investors navigating the current market.
Below are a list of the current interest rates on offer.
| Loan Type | Interest Rate | Loan to Value (Up to) | Quotes | |
|---|---|---|---|---|
| Variable Interest Rates | ||||
| 3 Years Introductory Rate | 5.74% variable then 6.35 CPR 6.23% | 80% | Enquire | |
| Variable Esential Workers | 5.80% CPR 5.83% | 95% | Enquire | |
| Variable Eco Home Loan | 5.84% CPR 5.89% | 80% | Enquire | |
| Variable 100% Offset | 5.90% CPR 5.93% | 95% | Enquire | |
| Construction | 5.89% CPR 5.89% | 95% | Enquire | |
| Fixed Interest Rates | ||||
| 1 Year Fixed | 5.74% CPR 6.41% | 80% | Enquire | |
| 2 Year Fixed | 5.63% CPR 6.35% | 95% | Enquire | |
| 3 Year Fixed | 5.48% CPR 6.24% | 95% | Enquire | |
| 4 Year Fixed | 5.80% CPR 5.90% | 90% | Enquire | |
| 5 Year Fixed | 5.63% CPR 6.16% | 95% | Enquire | |
| . | ||||
| Investment Loan Interest Rates | ||||
| Variable Investment | 5.99% CPR 6.14% | 80% | Enquire | |
| Variable Investment 100% Offset | 6.04% CPR 6.09% | 95% | Enquire | |
| Investment Fixed Interest Rates | ||||
| 2 Year Fixed | 5.63% CPR 6.35% | 95% | Enquire | |
| 3 Year Fixed | 5.48% CPR 6.24% | 95% | Enquire | |
| 5 Year Fixed | 5.63% CPR 6.16% | 95% | Enquire |
WARNING: The comparison rates (CPR) for all home loans are based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example 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.
Smart Search Finance is not making any suggestion or recommendation about a particular credit product from this website. You may be viewing a product that is unsuitable for your lending needs. It is highly advised that you speak to one of our qualified licenced advisors or the relevant financial institution to ensure that interest rates, product information and your financial needs are suitable to apply for that product.
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