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As of 29 July 2026, 11:15 am AEST, the lowest variable owner-occupier home loan rate Ratesniffers compares is 5.93% p.a., refreshed daily and ranked by comparison rate. Compare 3,849 products free, with no sign-up.
Reviewed by the Ratesniffers Editorial Team, 29 July 2026
Live rates across the Australian panel✦No affiliate shading, every lender shown if its rate qualifies✦85+ lenders tracked✦3,849 products in our index✦Refreshed daily✦No fees to you✦Live rates across the Australian panel✦No affiliate shading, every lender shown if its rate qualifies✦85+ lenders tracked✦3,849 products in our index✦Refreshed daily✦No fees to you✦
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The Top 10 · Owner Occupier · Updated 29 July 2026, 11:15 am AEST
Rank
Lender & product
Rate p.a.
Comparison
LVR
Standout feature
01
Bank of China
Discount Plus Home Loan (with Principal and Interest Repayment)
5.93%
5.97%
—
Offset · Redraw
Sniff this rate 03
Newcastle Permanent Building Society
Premium Plus Package Variable Home Loan Principal and Interest
5.94%
5.98%
≤80% LVR
Offset · Redraw
Sniff this rate 08
People's Choice and Heritage
Discount Variable - Owner Occupied
5.99%
6.03%
≤80% LVR
Redraw · Extra repays
Sniff this rate 
Rates accurate as of 29 July 2026, 11:15 am AEST. Comparison rate based on a $150,000 loan over 25 years.See all 3,849 products →
The Weekly Standouts · Issue №30
Three rates our analysts actually rang lenders about this week.
Every Friday, our editors hand-pick the most interesting moves in the market , not the loudest. Cashbacks, cuts, and quiet sleepers.
Editor's pickBank of ChinaBank of China sits at 5.93%, the lowest in our index this week
Bank of China continues to undercut the field with its discount plus home loan (with principal and interest repayment). We've checked the comparison rate and the fee structure, it stacks up.
Rate
5.93%
You could save
$3,800/yr*
Updated 29 July 2026, 11:15 am AESTTalk to a broker →
Sleeper
HSBCHSBC quietly trims to 5.94%, without the noise
HSBC's standard variable (package) is the second-cheapest tracked rate this week, with no application fee.
Rate
5.94%
You could save
$2,200/yr*
Updated 29 July 2026, 11:15 am AESTTalk to a broker →
Worth a lookNewcastle Permanent Building SocietyNewcastle Permanent Building Society matches at 5.94%, and includes offset
Round out the top 3 with Newcastle Permanent Building Society's premium plus package variable home loan principal and interest . Honest features, no annual fee surprises.
Rate
5.94%
You could save
$1,900/yr*
Updated 29 July 2026, 11:15 am AESTTalk to a broker →
Tracking 85+ Australian lenders
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Latest from the desk
What moved the market this week.
SMSF Loan Holders: Act Before the August 10 Residential Ban
A new ban on residential SMSF borrowing kicks in August 10, but refinancing stays open — and La Trobe just launched a faster pathway for eligible borrowers.
29 July
Rate Cuts Roll In Despite August RBA Hike Threat
Five lenders trimmed variable rates last week while five others cut fixed rates — yet the RBA may still hike in August.
29 July
Your Offset Account May Not Be Working — Here's What to Do
ASIC found banks paid over $55 million in offset account compensation — here's how to check yours is actually working.
29 July
House Prices Falling? What the RBA's Own Stress Test Reveals
RBA modelling shows fewer than 4% of borrowers would miss payments even in a severe 40% price fall, as WA renters call loudly for a correction.
28 July
Home loan rate questions
How does Ratesniffers source its home loan rates?
Rates are refreshed daily from authoritative Australian lender sources and verified against each lender's own published product page before going live. We don't accept paid placement to influence ranking, every lender appears if its rate qualifies, regardless of whether they advertise with us.
What is the cheapest home loan rate in Australia today?
The lowest variable principal-and-interest owner-occupier rate in our index right now is 5.93%, refreshed within the last 24 hours. The lowest 3-year fixed rate is 6.09%.
Why is the comparison rate different from the headline rate?
The headline rate is the interest rate alone; the comparison rate folds in standard upfront and ongoing fees, normalised on a $150,000 / 25-year secured loan. It's a statutory disclosure under the National Consumer Credit Protection Act, designed to make different fee structures comparable on a single number.
Is the lowest rate always the best home loan?
Not necessarily. A loan with a slightly higher rate but a fully featured offset, redraw, no annual fee, and flexible repayments often beats a sharper rate locked behind a basic product. We display features and fees alongside the rate so the comparison is on the whole package.
Does Ratesniffers charge to compare or apply for a home loan?
No. The comparison tools, calculators and editorial content are free to use, and there is no email gate or sign-up required.
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