Competition is fierce in the home loan market right now. With the property market rebounding strongly from the economic impacts of COVID-19, lenders have slashed their home loan interest rates – with some having now fallen to less than 2%.
Below is a summary of the current home loan rates on Canstar’s database. To explore rates in more detail, compare them with Canstar’s home loan selector.
Latest Owner-Occupier Principal and Interest Home Loans
Rate Statistics, as at 31 May, 2021
| Variable | Fixed | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Basic | Standard | Package | Overall | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
| Average | 3.01% | 3.30% | 3.05% | 3.22% | 2.25% | 2.19% | 2.24% | 2.51% | 2.73% |
| Min | 2.04% | 1.99% | 1.99% | 1.99% | 1.67% | 1.78% | 1.79% | 1.95% | 2.24% |
| Max | 5.04% | 5.49% | 4.51% | 5.49% | 3.64% | 3.54% | 3.64% | 3.64% | 3.75% |
Source: www.canstar.com.au. Based on owner-occupier loans available for $500,000, at 80% LVR with principal & interest repayments on Canstar’s database. Excludes introductory and first home buyer-only home loans.
Latest Owner-Occupier Interest-Only Home Loans
Rate Statistics, as at 31 May, 2021
| Variable | Fixed | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Basic | Standard | Package | Overall | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
| Average | 3.46% | 3.76% | 3.55% | 3.69% | 2.97% | 2.97% | 2.98% | 3.34% | 3.43% |
| Min | 2.69% | 2.44% | 2.95% | 2.44% | 1.79% | 1.89% | 1.99% | 2.34% | 2.39% |
| Max | 5.04% | 5.39% | 4.51% | 5.39% | 3.95% | 3.89% | 3.89% | 4.24% | 4.24% |
Source: www.canstar.com.au. Based on owner-occupier loans available for $500,000, at 80% LVR with interest-only payments on Canstar’s database. Excludes introductory and first home buyer-only home loans.
Latest Investment Principal and Interest Home Loans
Rate Statistics, as at 31 May, 2021
| Variable | Fixed | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Basic | Standard | Package | Overall | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
| Average | 3.37% | 3.65% | 3.42% | 3.57% | 2.64% | 2.56% | 2.60% | 2.94% | 3.03% |
| Min | 2.43% | 1.99% | 1.99% | 1.99% | 1.87% | 1.98% | 2.09% | 2.24% | 2.49% |
| Max | 5.04% | 5.62% | 5.13% | 5.62% | 4.04% | 3.99% | 4.09% | 4.09% | 4.18% |
Source: www.canstar.com.au. Based on investment loans available for $500,000, at 80% LVR with principal & interest repayments on Canstar’s database. Excludes introductory and first home buyer-only home loans.
Latest Investment Interest-Only Home Loans
Rate Statistics, as at 31 May, 2021
| Variable | Fixed | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Basic | Standard | Package | Overall | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | |
| Average | 3.50% | 3.92% | 3.72% | 3.81% | 2.85% | 2.81% | 2.83% | 3.15% | 3.24% |
| Min | 2.79% | 2.44% | 2.59% | 2.44% | 1.97% | 2.08% | 2.09% | 2.59% | 2.59% |
| Max | 5.14% | 5.87% | 5.53% | 5.87% | 4.29% | 4.39% | 4.49% | 4.39% | 4.69% |
Source: www.canstar.com.au. Based on investment loans available for $500,000, at 80% LVR and interest-only payments in Canstar’s database. Excludes introductory and first home buyer-only home loans.
Compare Home Loans
Lowest interest rates for 1-year fixed home loans
The comparison table below displays some of the 1-year fixed rate investment home loan products on Canstar’s database with links to lenders’ websites available for a loan amount of $350,000 at 80% LVR in NSW, with Principal and Interest repayments. The results are sorted by ‘current rate’ (lowest to highest), then by provider name (alphabetically).
*Comparison rate based on a loan amount of $150,000. Read the Comparison Rate Warning.
Lowest interest rates for 3-year fixed home loans
The comparison table below displays some of the 3-year fixed rate investment home loan products on Canstar’s database with links to lenders’ websites available for a loan amount of $350,000 at 80% LVR in NSW, with Principal and Interest repayments. The results are sorted by ‘current rate’ (lowest to highest), then by provider name (alphabetically).
*Comparison rate based on a loan amount of $150,000. Read the Comparison Rate Warning.
Lowest interest rates for 5-year fixed home loans
The comparison tables below displays some of the 5-year fixed rate investment home loan products on Canstar’s database with links to lenders’ websites available for a loan amount of $350,000 at 80% LVR in NSW, with Principal and Interest repayments. The results are sorted by ‘current rate’ (lowest to highest), then by provider name (alphabetically).
*Comparison rate based on a loan amount of $150,000. Read the Comparison Rate Warning.
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