2025 Fixed Home Loan Awards

Canstar releases its
2025 Fixed Rate Home Loan Awards.

Released: 14 August, 2025

About this year’s awards

Over the past seven months homeowners have seen some welcome mortgage relief, with the Reserve Bank of Australia consistently chipping away at the cash rate. This has led to most lenders passing on at least some of the savings to customers with variable-rate home loans, although the level of competition between banks has also played a key role in the rates on offer. Meanwhile, fixed rates have also trended downwards as the market anticipates potential future cuts from the RBA. Despite this easing, it remains crucial for borrowers to regularly compare their home loan to ensure they are getting a competitive deal.

Canstar’s Fixed Rate Home Loan Awards uses our unique and sophisticated methodology in conjunction with the Home Loan Star Ratings to compare the cost and features of a fixed rate home loan to determine the products that offer outstanding value.

Congratulations to the Award winners

(Winners are listed alphabetically)

Australian Mutual Bank

Customer Owned Bank of the Year – Fixed Rate Home Loan Award

Australian Mutual Bank has once again picked up the Customer Owned Bank of the Year award. They have maintained their offering across the board, leading the market in medium-term rates for both owner-occupied and investment profiles. They are also one of the most competitive in the market when it comes to short-term rates, having the market-leading product in the 2-year investment profile with a rate of 4.99% at the time of assessment. These factors make Australian Mutual Bank a good choice in the customer-owned banking sector, offering competitive rates for customers seeking short to medium-term loan options.

Macquarie Bank

Bank of the Year – Fixed Rate Home Loan Award

Macquarie Bank has picked up the Bank of the Year award for 2025 by maintaining a low average historical rate over the past six months compared to other market players.It offers one of the most competitive interest rates in the assessment for both residential and investment 1-year fixed terms, leading the market in short-term profiles. Macquarie also performs strongly in long-term rates, maintaining the lowest 6-month average interest rate for both 4-year and 5-year terms across residential and investment consumer profiles.

Pacific Mortgage Group

Non-Bank of the Year – Fixed Rate Home Loan Award

Pacific Mortgage Group has taken this year’s Non-Bank of the Year award, consistently leading with short-term rates starting from 4.99%, which is the lowest in the market for owner-occupied profiles.In this year’s assessment, they have also topped the medium-term profile by offering the lowest rates on 3-year investment fixed products.

Does Canstar rate other products?

About Canstar

Canstar also has insights and information about financial products and services generally. You can find out about topics such as: interest rates, buy now pay later (BNPL), business products and tax. You may also be interested in discovering more about calculators and resources, such as our rate checker and free credit score tool, to help you with your financial decision-making.

About: Josh Sale, Group Manager, Research & Ratings

Bachelor of Commerce, Economics/Finance dual major, Griffith University. Master of Data Science, Strategy and Leadership, RMIT (ongoing studies)

Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products.

As one of Canstar’s company spokespeople, Joshua has participated in print, radio and broadcast interviews with the likes of the Australian Financial Review, news.com.au and Money magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends.

Joshua is known for his ability to simplify complex products and technical information, crunching the data into meaningful insights for consumers about finance. He has analysed several consumer markets across banking, insurance and wealth, and is keenly interested in various topics, ranging from how Australians interact with their superannuation funds, to the dynamic nature of the health insurance market, and collecting and redeeming credit card reward points.

Joshua believes that knowledge is the first step towards empowerment. Even while studying, he facilitated peer-assisted study sessions for economics, and represented his University’s Business School in an academic committee.

You can follow Josh on LinkedIn, and Canstar on X and Facebook.