Compare Home Loan Rates
Find out which lender can give you the lowest interest for a more favorable mortgage arrangement.Compare Interest Rates
Home Loan Calculator
Prepaid plan providers can give you the full benefits of owning a prepaid plan, which is greater control of your spending.Calculate your mortgage payments
Popular Home Loan Types
First time Home Buyers Loan, Low Doc Home Loans, Refinance Home Loans, Variable Rate Home LoansCompare All Home Loan Rates
Compare Home Loans Rates
Are you planning to own or refinance a home? We can help you find the best deal for home loans in the market for free.
Browse through the various offers from different lenders and compare them based on interest rate, payment terms, requirements, and maximum loanable amount. Use mortgage calculator to get your monthly repayment estimate.
Best Mortgage Rates
All mortgages carry an interest rate that should be paid along with the principal. The interest rate, which is calculated according to annual percentage, therefore can play a huge role in determining your capacity to pay.
Know how much interest your ideal loanable amount carries as well as your potential monthly repayments. Find out which lender can give you the lowest interest for a more favorable mortgage arrangement. Use our mortgage calculator when comparing interest too.
Why compare Home Loan rates before signing the dotted line?
When one applies for a mortgage, he agrees to pay not only the principal but also the interest rate, which is how the lender earns money from the borrowing. Interest rates can significantly vary in terms of actual rate, its type, and its impact in the home loan in relation to the loaned amount and payment terms.
A very high interest rate can have the potential to make repayments difficult, causing the homeowner to default.
Fixed Mortgage Rates vs Variable Mortgage Rates
There are different types of mortgage rates, but they are usually classified as either fixed or variable. A fixed interest rate doesn’t change over a period of time. Variable interest rates, on the other hand, normally depend on the market’s prevailing interest rate or the rate of the bank, which can change daily.
Most of the mortgages with fixed interest rates, however, shift to variable interest after a certain period of years like three or five years. While variable interest can drive repayments up, it can also allow borrowers to take advantage of low interest.
Popular Home Loan Rates in Australia
Housing Market Outlook Australia
Migration is one of the main factors affecting the housing market in Australia. Popular cities and Melbourne have a robust housing economy as it attracts both local and foreign migrants, and it’s expected to do so within the next few years.
However, this means that home prices are also becoming more expensive. Meanwhile, areas like Perth are experiencing a decline due to lower migration and poor mining. Overall, for this year, median home prices may slow and interest rates are steady, although some lenders have raised them up to 25 basis points.Compare Plans