Rate monitor
Is your home loan rateany good?
The best rate on the panel is 6.34%. The middle lender charges 6.82%.
These are the 31 lenders 1st Street works with, priced 10 November 2026 on comparison rates, one product each. Find your rate in the table below. It shows how many lenders are cheaper and what the gap costs you. We keep every run, so the history shows which way rates are moving.
- Best on panel
- 6.34%
- Middle
- 6.82%
- Above 80% LVR
- +0.25 at 90%
- Priced
- 10 November 2026
After the 3 November rate rise
The Reserve Bank lifted the cash rate 0.25 points to 4.85% on 3 November. Each lender moves its variable rates on its own date. The rates on this page are what lenders charge new borrowers today, so they don't include the changes below yet.
- Bendigo Bank
- +0.25 points from 11 November
- Auswide Bank
- +0.25 points from 12 November
- MyState
- +0.25 points from 12 November
- Teachers Mutual Bank
- +0.25 points from 12 November
- CommBank
- +0.25 points from 13 November
- Westpac
- +0.25 points from 13 November
- ANZ
- +0.25 points from 13 November
- NAB
- +0.25 points from 13 November
- St.George
- +0.25 points from 13 November
- Bankwest
- +0.25 points from 13 November
- ING
- +0.25 points from 13 November
- Resimac
- +0.25 points from 13 November
- HSBC
- +0.25 points from 16 November
- Macquarie
- +0.25 points from 19 November
The Teachers Mutual Bank change also covers Australian Mutual Bank, UniBank, Firefighters Mutual Bank and Health Professionals Bank, which Teachers Mutual Bank also runs. RedZed, Bluestone, Pepper Money, People First Bank, Bank of Sydney and Bank of Us are raising variable rates for existing customers only, so the rates they quote new borrowers here aren’t changing. Newcastle Permanent, Gateway Bank and Brighten say on their own sites that they are reviewing their rates. No other lender we track had announced anything when we checked their own sites on 11 November. We add a lender here once it announces, and re-price on each of these dates.
None of the lenders we track had changed their fixed rates when we priced them on 7 November. Every lender’s fixed rates.
Is my rate good?
Find your rate. See how many lenders beat it, and what the gap costs on a $600,000 loan over 30 years.
| Your rate | Verdict | Lenders cheaper | Monthly on $600k | Gap to best, a month | Gap a year |
|---|---|---|---|---|---|
| 4.5% | Best available | 0 of 31 | $3,040 | — | — |
| 4.75% | Best available | 0 of 31 | $3,130 | — | — |
| 5.0% | Best available | 0 of 31 | $3,221 | — | — |
| 5.25% | Best available | 0 of 31 | $3,313 | — | — |
| 5.5% | Best available | 0 of 31 | $3,407 | — | — |
| 5.64% | Best available | 0 of 31 | $3,460 | — | — |
| 5.74% | Best available | 0 of 31 | $3,498 | — | — |
| 5.75% | Best available | 0 of 31 | $3,501 | — | — |
| 6.0% | Best available | 0 of 31 | $3,597 | — | — |
| 6.14% | Best available | 0 of 31 | $3,651 | — | — |
| 6.19% | Best available | 0 of 31 | $3,671 | — | — |
| 6.25% | Best available | 0 of 31 | $3,694 | — | — |
| 6.5% | Good | 3 of 31 | $3,792 | $63 | $756 |
| 6.75% | Average | 10 of 31 | $3,892 | $163 | $1,956 |
| 7.0% | High | 21 of 31 | $3,992 | $263 | $3,156 |
| 7.25% | High | 24 of 31 | $4,093 | $364 | $4,368 |
| 7.5% | High | 26 of 31 | $4,195 | $466 | $5,592 |
“Good” means fewer than a quarter of lenders are cheaper. “Average” means you are below the middle. “High” means more than half the lenders are cheaper. All figures are principal and interest. Other loan sizes are on the repayments pages.
Every lender on the panel
Comparison rate, lowest first. The row with a green dot is the best.
| Lender | Comparison rate | Above the best | Monthly on $600k |
|---|---|---|---|
| Bank of Us | 6.34% | — | $3,729 |
| People First Bank | 6.35% | +0.01 | $3,733 |
| ANZ | 6.49% | +0.15 | $3,788 |
| OwnHome | 6.50% | +0.16 | $3,792 |
| MyState | 6.58% | +0.24 | $3,824 |
| Macquarie | 6.59% | +0.25 | $3,828 |
| Bendigo Bank | 6.61% | +0.27 | $3,836 |
| Teachers Mutual | 6.63% | +0.29 | $3,844 |
| ING | 6.73% | +0.39 | $3,884 |
| Newcastle Permanent | 6.74% | +0.40 | $3,888 |
| NAB | 6.75% | +0.41 | $3,892 |
| Bank of Sydney | 6.79% | +0.45 | $3,908 |
| St. George | 6.79% | +0.45 | $3,908 |
| Gateway | 6.81% | +0.47 | $3,916 |
| Westpac | 6.81% | +0.47 | $3,916 |
| Auswide Bank | 6.82% | +0.48 | $3,920 |
| Commonwealth | 6.83% | +0.49 | $3,924 |
| Bankwest | 6.86% | +0.52 | $3,936 |
| Firstmac | 6.86% | +0.52 | $3,936 |
| HSBC | 6.86% | +0.52 | $3,936 |
| ME Bank | 6.95% | +0.61 | $3,972 |
| Brighten | 7.03% | +0.69 | $4,004 |
| Resimac | 7.04% | +0.70 | $4,008 |
| AMP | 7.18% | +0.84 | $4,065 |
| La Trobe Financial | 7.31% | +0.97 | $4,118 |
| MA Money | 7.47% | +1.13 | $4,183 |
| Pepper Money | 7.52% | +1.18 | $4,204 |
| RedZed | 7.71% | +1.37 | $4,282 |
| Thinktank | 7.76% | +1.42 | $4,303 |
| Assetline Capital | 7.85% | +1.51 | $4,340 |
| Bluestone | 7.86% | +1.52 | $4,344 |
One product per lender, for an owner-occupied loan at 80% LVR. The comparison rate is worked out on the standard $150,000 over 25 years, using each product’s fees. A lender’s own published figure may differ.
How the panel has moved
One row for each time we priced the panel.
| Priced | Best | Middle | Highest | Under 6% | Lenders |
|---|---|---|---|---|---|
| 10 Nov 2026 | 6.34% · Bank of Us | 6.82% | 7.86% | 0 of 31 | 31 |
| 9 Nov 2026 | 6.34% · Bank of Us | 6.82% | 7.71% | 0 of 31 | 31 |
| 7 Nov 2026 | 6.34% · Bank of Us | 6.82% | 7.71% | 0 of 31 | 31 |
| 6 Nov 2026 | 6.34% · Bank of Us | 6.81% | 7.71% | 0 of 31 | 31 |
| 3 Nov 2026 | 6.34% · Bank of Us | 6.81% | 7.71% | 0 of 31 | 31 |
| 19 Oct 2026 | 6.34% · Bank of Us | 6.81% | 7.75% | 0 of 31 | 31 |
| 11 Oct 2026 | 6.10% · People First Bank | 6.79% | 7.75% | 0 of 31 | 31 |
| 4 Oct 2026 | 6.10% · People First Bank | 6.58% | 7.75% | 0 of 31 | 31 |
| 30 Sept 2026 | 6.10% · People First Bank | 6.57% | 7.51% | 0 of 32 | 32 |
| 14 Sept 2026 | 6.10% · People First Bank | 6.57% | 7.51% | 0 of 32 | 32 |
| 26 Aug 2026 | 6.10% · People First Bank | 6.57% | 7.55% | 0 of 32 | 32 |
| 24 Aug 2026 | 5.98% · People First Bank | 6.57% | 7.55% | 1 of 32 | 32 |
| 21 Aug 2026 | 5.88% · People First Bank | 6.49% | 7.26% | 1 of 33 | 33 |
What rate can you get with a 10% deposit?
Borrow more than 80% of the price and you pay LMI once, and a higher rate while you stay above 80%. These are the higher rates.
With a 10% deposit, the best variable rate on the panel is 6.24% and the middle rate is 6.79%. That is about 0.25 points more than the same lenders charge at 80%. With a 5% deposit it is 6.79% and 7.27%, about 0.78 points more. The lender matters more than the step. At 90%, Bank of Us adds 0.00 and Newcastle Permanent adds 0.96. On $800,000 the usual step is about $132 a month. If it takes five years to get back under 80%, that is $7,920 in extra interest, about the same as the LMI itself. Below 80%, a bigger deposit barely changes the rate. 60% and 70% LVR cost almost the same as 80%.
| LVR | Deposit | Best | Middle | Highest | Step from 80% |
|---|---|---|---|---|---|
| 60% | 40% | 6.19% · Teachers Mutual | 6.36% | 6.69% | -0.09 |
| 70% | 30% | 6.24% · Bank of Us | 6.39% | 6.69% | -0.06 |
| 80% | 20% | 6.24% · Bank of Us | 6.45% | 6.79% | — |
| 90% | 10% | 6.24% · Bank of Us | 6.79% | 7.49% | +0.34 |
| 95% | 5% | 6.79% · Gateway | 7.27% | 8.12% | +0.82 |
| Lender | At 80% | At 90% | Step | At 95% | Step |
|---|---|---|---|---|---|
| Bank of Us | 6.24% | 6.24% | +0.00 | 7.39% | +1.15 |
| Bendigo Bank | 6.43% | 6.49% | +0.06 | 7.13% | +0.70 |
| ING | 6.44% | 6.54% | +0.10 | 6.89% | +0.45 |
| AMP | 6.79% | 6.94% | +0.15 | 7.04% | +0.25 |
| Auswide Bank | 6.44% | 6.64% | +0.20 | 7.14% | +0.70 |
| Bank of Sydney | 6.64% | 6.84% | +0.20 | 7.39% | +0.75 |
| Macquarie | 6.34% | 6.54% | +0.20 | 7.34% | +1.00 |
| MyState | 6.44% | 6.64% | +0.20 | 7.64% | +1.20 |
| Bankwest | 6.49% | 6.74% | +0.25 | 7.14% | +0.65 |
| Gateway | 6.54% | 6.79% | +0.25 | 6.79% | +0.25 |
| ME Bank | 6.59% | 6.84% | +0.25 | 7.39% | +0.80 |
| Commonwealth | 6.46% | 6.74% | +0.28 | 7.99% | +1.53 |
| NAB | 6.60% | 6.90% | +0.30 | 8.12% | +1.52 |
| ANZ | 6.37% | 6.74% | +0.37 | 7.59% | +1.22 |
| Westpac | 6.45% | 6.84% | +0.39 | 6.94% | +0.49 |
| St. George | 6.43% | 6.84% | +0.41 | 6.94% | +0.51 |
| Teachers Mutual | 6.34% | 6.84% | +0.50 | 7.19% | +0.85 |
| Newcastle Permanent | 6.39% | 7.35% | +0.96 | 7.35% | +0.96 |
Headline variable rates, owner-occupied, principal and interest, on $800,000. Each lender’s standard package product at every tier, the same product each time. 18 panel lenders, priced at all five tiers on 10 November 2026. These are headline rates, so they sit below the comparison rates above. LMI is separate and you pay it once.
Nine lenders, since Nov 2025
Headline variable rate on a $750,000 owner-occupied loan at 80% LVR. The same nine lenders every time. The best rate moved +0.70 points.
| Lender | Nov 2025 | 1 May 2026 | 23 Aug 2026 | 19 Sept 2026 | 30 Sept 2026 | 4 Oct 2026 | Change |
|---|---|---|---|---|---|---|---|
| Macquarie | 5.39% | 5.89% | 6.09% | 6.09% | 6.09% | 6.09% | +0.70 |
| ANZ | 5.43% | 5.92% | 6.12% | 6.12% | 6.12% | 6.12% | +0.69 |
| St.George | 5.46% | 5.96% | 6.18% | 6.18% | 6.18% | 6.18% | +0.72 |
| ING | 5.39% | 5.89% | 6.14% | 6.14% | 6.19% | 6.19% | +0.80 |
| Westpac | 5.49% | 5.99% | 6.20% | 6.20% | 6.20% | 6.20% | +0.71 |
| CommBank | 5.53% | 6.09% | 6.21% | 6.21% | 6.21% | 6.21% | +0.68 |
| Bankwest | 5.49% | 5.99% | 6.24% | 6.24% | 6.24% | 6.24% | +0.75 |
| NAB | 5.55% | 6.05% | 6.30% | 6.37% | 6.37% | 6.37% | +0.82 |
| Firstmac | 5.89% | 6.39% | 6.54% | 6.54% | 6.54% | 6.54% | +0.65 |
| Middle of the ten | 5.49% | 5.99% | 6.20% | 6.20% | 6.20% | 6.20% | +0.71 |
These are headline rates, not comparison rates, so they sit below the panel table above, which includes fees. That is why we keep them as a separate list. The Nov 2025 run is dated to the month.
What to do if yours is high
Ask first
Ring your lender. Say you have seen 6.34% and ask what they can do. They often have room to move. Get the new rate in writing.
Then count the switch
A discharge fee, a registration fee and, if you are on a fixed rate, break costs all come out of the saving. If the gap is a few hundred a month, they are usually covered within a year. How to discharge your current loan. If you are weighing a fixed term, every lender’s fixed rates are priced from the same tables.
Keep your term
A new 30-year term makes the repayment smaller and the total interest bigger. Ask for the years you have left.
Questions
What is a good home loan rate in Australia right now?
Anything close to 6.34%. That is the lowest comparison rate across the 31 lenders 1st Street works with, priced 10 November 2026. The middle of the panel is 6.82%. Below that, you are doing better than half the market. Above it, more than half the lenders are cheaper than you.
Is 5.74% a good mortgage rate?
Best available. No lender on the panel is below 5.74%: the lowest comparison rate is 6.34%. On a $600,000 loan, 5.74% is $231 a month less than that.
Is 6.14% a good interest rate for a home loan?
Best available. No lender on the panel is below 6.14%: the lowest comparison rate is 6.34%. On a $600,000 loan, 6.14% is $78 a month less than that.
What is the average mortgage interest rate in Australia?
On this panel the middle comparison rate is 6.82% and the average is 6.95%, priced 10 November 2026. The Reserve Bank publishes the average rate people with existing loans pay. It is higher than the best rate on offer, because most people never move.
Are home loan rates going up or down?
Up. We have priced the same nine lenders on every run since November 2025. Their best variable rate was 5.39% in Nov 2025 and 6.09% on 4 Oct 2026, up 0.70 points. The middle rate went from 5.49% to 6.2%. That is on a $750,000 owner-occupied variable loan at 80% LVR, headline rates.
What rate can you get with a 10% deposit?
With a 10% deposit (90% LVR) the best variable rate on the panel is 6.24% and the middle rate is 6.79%. That is on an $800,000 owner-occupied loan, priced 10 November 2026. Most lenders charge about 0.25 points more at 90% than at 80%, and you pay LMI on top. With a 5% deposit the best is 6.79% and the middle is 7.27%, about 0.78 points above 80%.
Does LMI make your interest rate higher?
Not on its own. Borrowing more than 80% of the price does two things. You pay lenders mortgage insurance once, and you pay a higher rate for as long as you are above 80%. On this panel that is about 0.25 points more at 90% LVR, which on $800,000 is about $132 a month. It depends a lot on the lender. At 90% the step goes from 0.00 (Bank of Us) to 0.96 (Newcastle Permanent).
What is LVR on a home loan?
Loan to value ratio. It is your loan as a share of what the home is worth. A $720,000 loan on a $900,000 home is 80% LVR. Lenders set rates by it. Up to 80% is the normal rate. Above 80% you pay LMI and usually a higher rate. Below 80%, a bigger deposit barely changes the rate. On this panel, 60% and 70% LVR cost almost the same as 80%.
Have banks passed on the 3 November rate rise?
Not all of it is in the panel priced 10 November 2026. The Reserve Bank lifted the cash rate 0.25 points to 4.85% on 3 November, and lenders move variable rates on their own dates. AMP lifts variable rates 0.25 points from 6 November. ME Bank lifts variable rates 0.25 points from 7 November. Thinktank lifts variable rates 0.25 points from 10 November. Bendigo Bank lifts variable rates 0.25 points from 11 November. Auswide Bank lifts variable rates 0.25 points from 12 November. MyState lifts variable rates 0.25 points from 12 November. Teachers Mutual Bank lifts variable rates 0.25 points from 12 November. CommBank lifts variable rates 0.25 points from 13 November. Westpac lifts variable rates 0.25 points from 13 November. ANZ lifts variable rates 0.25 points from 13 November. NAB lifts variable rates 0.25 points from 13 November. St.George lifts variable rates 0.25 points from 13 November. Bankwest lifts variable rates 0.25 points from 13 November. ING lifts variable rates 0.25 points from 13 November. Resimac lifts variable rates 0.25 points from 13 November. HSBC lifts variable rates 0.25 points from 16 November. Macquarie lifts variable rates 0.25 points from 19 November. Newcastle Permanent, Gateway Bank and Brighten say they are reviewing their rates. None of the lenders we track had changed their fixed rates by 7 November.
How often is this updated?
We re-price the panel every month and after each RBA cash rate decision. We keep every run, so the history table shows how the best and middle rates have moved. The date and time of the current run is on the page.
Priced 5:00 am AEDT, 10 November 2026, re-priced monthly and after each RBA decision. Comparison rates from one pricing run of the lender panel, one product per lender, for a typical household. They are a guide only. The rate you get depends on your loan and your situation.
Is your rate above the middle?
A broker at 1st Street can tell you which cheaper lenders would take you, and what it would cost to move.
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Mortgage broking through Arthr is provided by 1st Street Pty Ltd trading as 1st Street Financial, Credit Representative 490057 under Australian Credit Licence 389328. Arthr Pty Ltd (ABN 39 697 205 486), co-owned by Graeme Pillemer and 1st Street's CEO Jeremy Fisher, provides the website and technology and does not provide credit assistance.