Snapshot dated 31 July 2026
Should I fix now or wait for rates to fall?
No dated snapshot can predict whether rates will fall. This page compares the current starting-rate gap between exact 2 year fixed and variable rows at 80% LVR, while leaving the future-rate decision open.
As at 31 July 2026, the lowest verified 2 year fixed row at 80% LVR is 6.14% p.a. (6.18% comparison rate); the lowest verified variable row is 5.94% p.a. (5.98% comparison rate). The headline-rate gap is 0.20%. Variable currently starts cheaper, a difference of about $77 a month on a $600,000 loan. Variable can still move; fixed locks in.
Reviewed by the Ratesniffers Editorial Team. Promoted figures use the verified 80% LVR snapshot dated 31 July 2026.
Fix now vs wait rates, ranked by comparison rate
| Lender | Type | Rate p.a. | Comparison | Max LVR | Rate date |
|---|---|---|---|---|---|
| Macquarie Bank Limited | 2 year fixed | 6.14% | 6.18% | 80% | 10 Aug 2026 |
| ING Bank (Australia) Ltd | 2 year fixed | 6.19% | 6.23% | — | 10 Aug 2026 |
| ME Bank - ME Go | 2 year fixed | 6.24% | 6.28% | 80% | 10 Aug 2026 |
| Suncorp Bank | 2 year fixed | 6.24% | 6.28% | 80% | 10 Aug 2026 |
| IMB Bank | 2 year fixed | 6.24% | 6.31% | 95% | 9 July 2026 |
| BCU Bank | 2 year fixed | 6.27% | 6.31% | — | 10 Aug 2026 |
| ANZ | 2 year fixed | 6.29% | 6.33% | 80% | 10 Aug 2026 |
| Bank of China | 2 year fixed | 6.29% | 6.33% | — | 10 Aug 2026 |
| HSBC | 2 year fixed | 6.29% | 6.33% | 80% | 10 Aug 2026 |
| Hume Bank | 2 year fixed | 6.29% | 6.33% | — | 10 Aug 2026 |
Sorted by comparison rate. Each broad comparison row shows its own effective date; these rows do not drive the promoted answer or metadata.
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Frequently asked questions
- Should I fix now or wait for rates to fall?
- As at 31 July 2026, the lowest verified 2 year fixed row at 80% LVR is 6.14% p.a. (6.18% comparison rate); the lowest verified variable row is 5.94% p.a. (5.98% comparison rate). The headline-rate gap is 0.20%. Variable currently starts cheaper, a difference of about $77 a month on a $600,000 loan. Variable can still move; fixed locks in.
- How often are these rates updated?
- Promoted rate claims use the verified 80% LVR snapshot dated 31 July 2026. Broader comparison-table rows may refresh more frequently, but they do not drive the answer capsule, metadata or sticky rate.
- Is the lowest rate always the best loan for me?
- Not always. The cheapest headline rate can come without features like an offset account, and your deposit size, income type and goals all change which loan suits you. Use the rate as a starting point, then weigh the features that matter to your situation.
- What is a comparison rate?
- A comparison rate folds most ongoing fees into a single percentage so you can weigh loans on their true cost rather than the advertised headline rate alone. It is the metric these rankings sort on.