Compare home loan rates by city, August 2026

Home loan rates in Australia are priced nationally, so the same 85+ lenders offer the same rates from 5.85% to buyers in every capital city and the biggest regional centres. Pick your city below to see today's sharpest rates alongside an indicative repayment on a local value and the first home concessions that apply in your state or territory.

Sydney
New South Wales · approx value around $1,150,000
Sydney carries the highest dwelling values in the country, so even a small move in the comparison rate can shift a Sydney repayment by hundreds of dollars a month.
Melbourne
Victoria · approx value around $780,000
Melbourne sits well below Sydney on value but spreads across one of the widest price ranges of any capital, from inner-ring terraces to growth-corridor house and land.
Brisbane
Queensland · approx value around $820,000
Brisbane values have closed much of the gap to the southern capitals, and Queensland pairs that with one of the most generous first home grants on offer.
Perth
Western Australia · approx value around $750,000
Perth still buys more home per dollar than the eastern capitals, and Western Australia adds a state-owned low-deposit lending option on top of the usual concessions.
Adelaide
South Australia · approx value around $750,000
Adelaide has run as one of the steadier capital markets, and South Australia layers a state-owned low-deposit lender over its first home grant.
Canberra
Australian Capital Territory · approx value around $840,000
Canberra runs a stamp duty concession scheme in place of a flat first home grant, so the cash advantage there comes through duty rather than a lump-sum payment.
Hobart
Tasmania · approx value around $700,000
Hobart is the most affordable mainland-capital alternative on this list, and Tasmania pairs it with a large temporary first home grant and a shared-equity option.
Darwin
Northern Territory · approx value around $500,000
Darwin has the lowest dwelling values of any capital, which means a comparatively small loan and the smallest indicative repayment of the eight cities here.
Newcastle
New South Wales · approx value around $850,000
Newcastle is Australia's largest non-capital city, with Hunter dwelling values now rivalling some capitals, and a strong customer-owned lender presence competing hard for local borrowers.
Gold Coast
Queensland · approx value around $1,000,000
The Gold Coast has climbed into seven figures on house values, so the gap between an average and a sharp comparison rate moves a Gold Coast repayment by hundreds a month.
Wollongong
New South Wales · approx value around $950,000
Wollongong sits just below Sydney on values with much of the same commuter demand, and the Illawarra is home turf for some of the sharpest customer-owned lenders on our panel.
Geelong
Victoria · approx value around $750,000
Geelong is Victoria's biggest regional city, running well under Melbourne on values while keeping commuter access, and it is in early-recovery territory after the state's flat patch.
Sunshine Coast
Queensland · approx value around $1,000,000
The Sunshine Coast has pushed to around the million-dollar mark on the back of Queensland's boom, so the spread between an average and a sharp rate is real money every month.
Central Coast
New South Wales · approx value around $950,000
The Central Coast carries near-Sydney commuter demand at a meaningful discount to Sydney prices, with values rising again through 2026.
Townsville
Queensland · approx value around $550,000
Townsville is one of the strongest-growing affordable markets in the country, up double digits over the past year yet still among the most accessible cities here, a favourite with both first home buyers and investors.

A note on geography: rates on these pages are national. The same lenders quote the same numbers regardless of city, and our table is sorted by comparison rate so the genuinely sharpest loan sits at the top wherever you buy. Each city page differs in the indicative repayment, because local dwelling values differ, and in the state and territory concessions that stack on top of the rate. Prefer to browse the full national list? See our home loan rate comparison.

Home loan rates by city, common questions

Do home loan rates change from city to city?

No. Australian lenders price home loans nationally, not by city or postcode, so the rates a Sydney buyer can access are the same rates available in Perth, Hobart or anywhere else. What changes between locations is the value you borrow against and the first home grants, stamp duty concessions and Home Guarantee Scheme caps set by each state and territory.

Which Australian city has the lowest home loan rates?

Every city draws from the same nationally priced lender panel, so no single city has lower rates than another. The lowest rate is the lowest rate on our table, refreshed daily, wherever you are buying. The city pages differ in the indicative repayment, because dwelling values differ, and in the state concessions that apply.

What costs change depending on which city I buy in?

The interest rate does not change with your city, but the loan size does, and so does the cash going in. First home buyers can combine a state first home grant or concession, a stamp duty concession and the federal Home Guarantee Scheme price cap, all of which are set per state and territory rather than nationally.