Lowest home loan rates

Finding Australia’s lowest interest rates

Even a small rate difference can save thousands, but the best deals often come from smaller or broker-only lenders. With over 100 banks and non-bank lenders, comparing widely is key.

• Variable rates: Move with RBA changes, flexible but uncertain.

• Fixed rates: Locked for 1-5 years, stable but less flexible.

• Your profile: Bigger deposits and stronger credit earn lower rates.

• Cashbacks: Some lenders offer incentives, but always check long-term value.

A broker can simplify the search and uncover genuinely better deals.

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Access the best mortgage deals, hassle-free.

Accessing exclusive low-rate offers

Many of the lowest rates aren’t public, they’re broker-only deals.

• Broker advantage: Brokers use software to compare hundreds of loans instantly.

• Negotiation power: They present your profile to lenders for the best terms.

• Avoid “honeymoon” rates: Brokers focus on sustainable, long-term value.

Through HeyNest, you’re matched with independent experts who secure rates often unavailable directly from banks.

Stop Stressing: Why a Broker is the 'Smart, Chill' Way

HeyNest

Traditional Bank

Access to many lenders

Compares and negotiates the best market rates for you.

Dedicated, personalized guide every step of the way.

Only offers their own limited products.

Standard, often non-negotiable in-house rates.

Standardized service; often no single dedicated contact.

Beyond the rate: getting a better loan deal

A low rate means little if the loan lacks flexibility. Look for:

• Offset account: Reduces interest on your balance.

• Extra repayments: Pay off your loan faster without penalties.

• Redraw facility: Access extra repayments anytime.

• Low fees: Review all costs for true value.

HeyNest brokers ensure your loan is not only low-cost but also flexible and future-proof.

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Frequently asked questions

How often do home loan rates change in Australia?

Rates on variable loans can change at any time, typically following RBA decisions or lender internal reviews. Fixed rates remain locked for the agreed term.

Is the comparison rate or the interest rate more important?

The comparison rate is generally more important as it includes the interest rate plus most fees and charges, giving a truer indication of the loan's annual cost.

Do I need a 20% deposit to get the lowest home loan rates?

While a 20% deposit often unlocks lower rates by avoiding lenders mortgage insurance (LMI), excellent rates are still available for borrowers with smaller deposits and strong profiles.