Home lending rates in Australia, without the guesswork.
Home lending rates move with the RBA cash rate and lender competition. Our rate tracker below shows the cash rate and indicative variable and fixed ranges, each dated and sourced.
As at 20 September 2026 the RBA cash rate is 4.35%; new-customer variable rates range from about 5.4% for sharp low-LVR loans to around 6.9% market-wide. Figures are a market-intelligence reference, not credit advice.
Effective 12 August 2026. The cash rate is the benchmark that drives variable home loan rates.
Next RBA decision: 29 September 2026.
Variable rates — owner-occupier, principal & interest
| Segment | Detail | Indicative rate | As at | Source |
|---|---|---|---|---|
| Sharpest advertised (low LVR) | Non-bank & online lenders, LVR ≤ 60% | from ~5.39%–5.69% p.a. | Sep 2026 | Money.com.au / Mozo |
| Big Four — new customers | CommBank & Westpac from 6.09%, NAB from 6.19%, ANZ from 6.25% | ~6.09%–6.25% p.a. | Sep 2026 | Mozo rate check |
| RBA new-loan average | Average across new owner-occupier variable loans | 6.24% p.a. | Jul 2026 | RBA interest rate statistics |
| Broad market average | All owner-occupier P&I variable products | ~6.90% p.a. | Sep 2026 | Finder average rate tracker |
Fixed rates — major banks, owner-occupier
| Segment | Detail | Indicative rate | As at | Source |
|---|---|---|---|---|
| 2-year fixed | Major banks, owner-occupier | ~6.29%–6.34% p.a. | Sep 2026 | Mozo / Money.com.au |
| 3-year fixed | Major banks, owner-occupier | ~6.49%–6.59% p.a. | Sep 2026 | Mozo / Money.com.au |
The loyalty tax
ASIC’s pricing inquiry found existing borrowers typically pay 0.30%–0.50% more than new customers at the same lender. On a $600,000 loan that is roughly $1,600+ in extra interest a year.
Source: ASIC pricing inquiry (reported)
Ask us to benchmark your current rateMethodology & provenance
- Figures are indicative ranges compiled from named public sources on the date shown, not quotes for any individual borrower. Your actual rate depends on your lender, loan-to-value ratio, loan size, features and credit profile.
- Variable and fixed figures are owner-occupier, principal-and-interest unless stated. Investor and interest-only rates are typically higher.
- The RBA cash rate and RBA new-loan averages are primary-source figures; advertised lender ranges are drawn from public comparison sources and move frequently.
- This page is a market-intelligence reference. It is not a product recommendation, a comparison rate, or credit advice. Credit guidance is provided only through a licensed broker pathway under ACL 222640.
This content is authored under James Chee — CPA, Registered Tax Agent, Registered Mortgage Broker, Mascot NSW, comparing a panel of 40+ lenders. Home Lending Australia is a trading name of Ding Financial Pty Ltd (ACL 222640).
Part of the Local Knowledge Finance group.