Compare all owner-occupier rates
Snapshot dated 9 November 2026
Is it cheaper to fix or stay variable this month?
See how two-year fixed and variable rates compare at the same lender for an owner-occupier repaying principal and interest. The dated sample holds the loan-to-value ratio at 80%.
On 9 November 2026, the selected two-year fixed comparison rate was lower at 2 of 12 matched lenders, the same at 0 and higher at 10. The median difference was 51.5 basis points higher for fixed. This is the verified 80% LVR owner-occupier principal-and-interest sample. Your future borrowing cost depends on your quotes and how rates change.
Reviewed by the Ratesniffers Editorial Team. Promoted figures use the verified 80% LVR snapshot dated 9 November 2026.
Should I fix now or wait for rates to fall?
Use your written fixed and variable quotes for the same balance and term. Compare the fixed quote with two scenarios over the fixed period: the variable rate stays unchanged, or it moves once at a month you choose. Test a later change as well, because the timing affects the total interest. Check whether the fixed quote could change before settlement and what it would cost to leave early.
Test your quoted rates below · ASIC Moneysmart on fixed and variable loans
Fixed versus variable home loan break-even calculator
Compare the interest and cash fees over the fixed period for two written quotes with the same balance and term. Enter one assumed variable rate change. The calculator recalculates repayments over the remaining loan term and finds the new variable rate that would put both quotes at the same cost.
Worked example using hypothetical quotes.
Equal cost at a variable rate of approximately 6.34% p.a. after month 6.
| Quote | Monthly repayment | Interest and fees | Balance still owed |
|---|---|---|---|
| Fixed quote | $3,298 | $61,463 | $482,303 |
| Variable, rate unchanged | $3,222 | $58,967 | $481,651 |
| Variable, with tested change | $3,222 then $3,374 | $62,680 | $482,622 |
The model uses monthly principal and interest. Include cash fees you expect to pay in the period. It excludes offset balances, extra repayments, early exit and costs after the fixed period. This is a scenario estimate. ASIC explains how to compare written Key Facts Sheets.
Two-year fixed and variable rates at the same lender
Australian owner-occupier principal-and-interest loans at 80% LVR, comparing a two-year fixed product with a variable product within each lender in the verified sample. Select the exact product with the lowest publishable comparison rate for each lender and rate type. Break ties by interest rate and then product name. Include only lenders with both rows and subtract the selected variable comparison rate from the selected two-year fixed comparison rate.
Lender source checks reviewed 11 November 2026
These checks cover the listed products. Withheld rows are excluded from the comparison.
- Queensland Country Bank lender source · Special Package Variable Owner Occupied <80% LVR P&I. The published band leaves the exact 80% LVR boundary unclear.
- The Capricornian lender source · No Frills Home Loan Owner Occupied <80% LVR. Comparison rate updated from the lender schedule.
- BCU Bank lender source · OMG Home Loan Owner Occupied 60% - 80% LVR P&I. The published band leaves the exact 80% LVR boundary unclear.
- People First Bank lender source · Basic Home Loan 70% - 80% LVR Owner Occupied P&I.. Comparison rate updated from the lender schedule.
- QBANK lender source · Classic Owner Occupied 70% - 80% LVR Special. The published band leaves the exact 80% LVR boundary unclear.
- Hume Bank lender source · liteBlue Variable 60% - 80% LVR Owner Occupied P&I. Comparison rate confirmed in the lender schedule.
- Macquarie Bank Limited lender source · Offset Home Loan Package 70% - 80% LVR Owner Occupied P&I. Comparison rate updated from the lender schedule.
- Queensland Country Bank lender source · 2 Year Fixed Rate Package Owner Occupied <80% LVR P&I Special. The published band leaves the exact 80% LVR boundary unclear.
- Hume Bank lender source · myBlue 2 Year Fixed 60% - 80% LVR Owner Occupied P&I. The lender's application window for this offer has closed.
- QBANK lender source · 2 Year Fixed Rate Owner Occupied P&I. Comparison rate updated from the lender schedule.
- Macquarie Bank Limited lender source · Macquarie Offset Home Loan. Comparison rate updated from the lender schedule.
There were 23 lenders with a publishable two-year fixed row and 23 with a variable row. Only the 12 lenders in both groups enter the comparison. Product fees and features can differ even within one lender.
| Lender | Two-year fixed | Variable | Fixed minus variable comparison rate |
|---|---|---|---|
| ANZ | 6.74% interest, 7.34% comparison2 Year Fixed <80% LVR Owner Occupied P&I | 6.79% interest, 6.79% comparisonSimplicity Plus 70% - 80% LVR Owner Occupied P&I | +55 basis points |
| Australian Military Bank | 6.44% interest, 6.95% comparisonDHOAS 2 Year Fixed Owner Occupied P&I | 6.44% interest, 6.47% comparisonDHOAS RateSaver 70% - 80% LVR Owner Occupied P&I | +48 basis points |
| Auswide Bank Ltd | 6.69% interest, 6.93% comparisonPackage Discount Fixed (L1) 2 Year Owner Occupied 70% - 80% LVR P&I | 6.44% interest, 6.46% comparisonBasic Home Loan 70% - 80% LVR Owner Occupied P&I | +47 basis points |
| Beyond Bank Australia | 6.59% interest, 7.19% comparisonTotal Home Loan Package 2 Year Fixed $50k+ <=80% LVR Owner Occupied P&I | 6.39% interest, 6.42% comparisonBasic Variable Home Loan ($150k+ >60% - 80% LVR) Owner Occupied | +77 basis points |
| CommBank | 6.82% interest, 8.09% comparisonMAV 2 Year Fixed Owner Occupied P&I | 6.74% interest, 6.87% comparisonSimple Home Loan 70% - 80% LVR Owner Occupied P&I | +122 basis points |
| Credit Union SA | 6.34% interest, 6.66% comparison2-Year Fixed 40 Year Home Loan Package | 6.34% interest, 6.70% comparisonPackage Variable <80% LVR Owner Occupied P&I Special | -4 basis points |
| Great Southern Bank | 6.75% interest, 7.98% comparison2 Year Fixed Owner Occupied P&I | 6.49% interest, 6.53% comparisonBasic Variable 70% - 80% LVR Owner Occupied P&I | +145 basis points |
| Macquarie Bank Limited | 6.64% interest, 6.65% comparisonMacquarie Offset Home Loan | 6.34% interest, 6.59% comparisonOffset Home Loan Package 70% - 80% LVR Owner Occupied P&I | +6 basis points |
| MyState Bank | 6.69% interest, 8.23% comparison2 Year Standard Fixed 70% - 80% LVR Owner Occupied P&I | 6.44% interest, 6.55% comparisonSpecial Residential 70% - 80% LVR Owner Occupied P&I | +168 basis points |
| National Australia Bank | 6.81% interest, 7.28% comparisonTailored Home Loan Standard 2 Year Fixed Owner Occupied 70% - 80% LVR P&I | 7.24% interest, 7.36% comparisonTailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I | -8 basis points |
| The Capricornian | 6.24% interest, 6.84% comparisonLifestyle Home Loan 2 Year Fixed Owner Occupied <80% LVR | 6.24% interest, 6.29% comparisonNo Frills Home Loan Owner Occupied <80% LVR | +55 basis points |
| Westpac | 6.84% interest, 7.12% comparisonPremier Advantage 2 Year Fixed Owner Occupied 70% - 80% LVR P&I | 6.74% interest, 7.10% comparisonRocket Home Loan Premier Advantage 70% - 80% LVR $150k+ P&I | +2 basis points |
WARNING: 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.
Download the paired rate evidence (JSON). A comparison rate is a standardised measure over the example loan term. To compare costs over two years, check the written repayments, fees, remaining balance and any break costs. ASIC explains the fixed and variable trade-offs.
Broader two-year fixed-rate table
| Lender | Type | Rate p.a. | Comparison | Max LVR | Rate date |
|---|---|---|---|---|---|
| Hume Bank | 2 year fixed | 6.39% | 6.43% | 80% | 15 Oct 2026 |
| Queensland Country Bank | 2 year fixed | 6.29% | 6.53% | 80% | 14 Oct 2026 |
| Macquarie Bank Limited | 2 year fixed | 6.64% | 6.63% | 80% | 11 Nov 2026 |
| Credit Union SA | 2 year fixed | 6.34% | 6.66% | 80% | 11 Nov 2026 |
| ING Bank (Australia) Ltd | 2 year fixed | 6.59% | 6.74% | 80% | 9 Oct 2026 |
| Firefighters Mutual Bank | 2 year fixed | 6.74% | 6.78% | 80% | 8 Oct 2026 |
| Health Professionals Bank | 2 year fixed | 6.74% | 6.78% | 80% | 8 Oct 2026 |
| Teachers Mutual Bank | 2 year fixed | 6.74% | 6.78% | 80% | 8 Oct 2026 |
| UniBank | 2 year fixed | 6.74% | 6.78% | 80% | 8 Oct 2026 |
| AFG Home Loans Alpha | 2 year fixed | 6.69% | 6.79% | 80% | 9 Oct 2026 |
Sorted by comparison rate. Each broad comparison row shows its own effective date; these rows do not drive the promoted answer or metadata.
WARNING: 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
Is it cheaper to fix or stay variable this month?
On 9 November 2026, the selected two-year fixed comparison rate was lower at 2 of 12 matched lenders, the same at 0 and higher at 10. The median difference was 51.5 basis points higher for fixed. This is the verified 80% LVR owner-occupier principal-and-interest sample. Your future borrowing cost depends on your quotes and how rates change.
Why compare fixed and variable rates at the same lender?
A same-lender comparison keeps the lender, purpose, repayment type and deposit scenario constant. The selected fixed product has a two-year term. Product fees and features can still differ, so the sample is a starting point for comparing written quotes.
Does a lower comparison rate mean fixing costs less over two years?
A comparison rate is based on a standard example over the full loan term. For the first two years, compare actual quoted repayments, separate fees and the remaining balance. Check any fixed break costs, the rate after the fixed period, and what happens if the variable rate moves.
Should I fix now or wait for rates to fall?
Use your written fixed and variable quotes for the same balance and term. Compare the fixed quote with two scenarios over the fixed period: the variable rate stays unchanged, or it moves once at a month you choose. Test a later change as well, because the timing affects the total interest. Check whether the fixed quote could change before settlement and what it would cost to leave early.
How much can the variable rate move before fixing costs the same?
Compare both quotes over the fixed period using the same balance and loan term. Model when the variable rate changes and find the new rate at which interest plus cash fees match the fixed quote. The earlier the change, the more repayments it affects. Include each quote’s actual fees and check any restrictions separately.