Ratesniffers checked 28 lenders on 27 August 2026: the lowest owner-occupier variable rate in the verified 80% LVR snapshot is 5.93% p.a. with a 6.11% comparison rate, principal and interest. Every pick below is ranked by comparison rate across the visible panel, one per verified loan type, with no paid placement.
Rates checked 27 August 2026 · updated whenever a lender changes pricing in the verified snapshot · free to cite with attribution · machine-readable at /rates.json
Live rates updated 27 August 2026. Verified snapshot dated 27 August 2026 is used only for promoted 80% LVR claims, not as a second table date. Live figures change as lenders publish. The verified snapshot is the dated 80% LVR matrix used for promoted claims.
The best home loan rate depends on your situation. This table names the lowest exact matched rate for each loan type encoded in the verified 80% LVR snapshot dated 27 August 2026, with the headline rate and the comparison rate that includes standard fees. First-home-buyer eligibility, offset features and lender campaigns are assessed separately because the matrix does not bind those attributes to a product rate.
| Loan type | Lender | Product | Rate p.a. | Comparison rate* | LVR | Margin over cash rate | Why it ranks |
|---|---|---|---|---|---|---|---|
| Lowest owner-occupier variable rate | Bank of China | Discount Home Loan Owner Occupied <=80% LVR P&I Special | 5.93% | 6.11% | 80% | +1.58 pts | Lowest comparison rate among owner-occupier variable P&I matches |
| Lowest investor variable rate | Bank Australia | Offset Home Loan <=80% LVR Investment P&I Refinance Offer | 6.09% | 6.28% | 80% | +1.74 pts | Lowest comparison rate among investor variable P&I matches |
| Lowest 1-year fixed rate | Macquarie Bank Limited | Offset Home Loan Package 1 Year Fixed Owner Occupied P&I 70% - 80% LVR | 6.24% | 6.34% | 80% | +1.89 pts | Lowest comparison rate among 1-year fixed owner-occupier matches |
| Lowest 3-year fixed rate | Credit Union SA | 3-Year Fixed XL Home Loan Package | 5.99% | 6.31% | 80% | +1.64 pts | Lowest comparison rate among 3-year fixed owner-occupier matches |
| Lowest 5-year fixed rate | Great Southern Bank | 5 Year Fixed Owner Occupied P&I | 6.30% | 7.28% | 80% | +1.95 pts | Lowest comparison rate among 5-year fixed owner-occupier matches |
| Lowest investor interest-only rate | MyState Bank | Special Residential Variable Loan | 6.39% | 6.44% | 80% | +2.04 pts | Lowest comparison rate among investor interest-only matches |
Margin over cash rate compares each pick's headline rate p.a. against the RBA cash rate target, currently 4.35%. It is not a fee and not comparable across purposes with different risk pricing.
The lowest owner-occupier variable rate in the verified 80% LVR snapshot, sorted by comparison rate so standard fees are included.
The lowest exact matched investment variable rate in the verified 80% LVR snapshot. Product eligibility and loan features still matter.
The lowest exact matched 1-year fixed owner-occupier rate in the verified 80% LVR snapshot.
The lowest exact matched 3-year fixed rate in the verified 80% LVR snapshot. Fixed-loan repayment and break-cost conditions vary.
The lowest exact matched 5-year fixed owner-occupier rate in the verified 80% LVR snapshot.
The lowest exact matched investor interest-only rate in the verified 80% LVR snapshot. Eligibility and repayment strategy still matter.
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.
Approved lender campaigns are listed on the cashback and special offers page. They are not paired with any product rate in this table unless the supplied offer register explicitly establishes that relationship.
Eight questions searchers ask about the best home loan rates, answered from the same verified snapshot dated 27 August 2026. Where the snapshot does not encode a dimension, the answer says so instead of borrowing a number from a broader table.
Bank of China holds the lowest verified owner-occupier variable rate on Ratesniffers as at 27 August 2026: 5.93% p.a. with a 6.11% comparison rate at 80% LVR, principal and interest. It ranks first by comparison rate across 28 verified lenders, so standard fees are counted. See the full ranked list of cheapest home loan rates.
In Ratesniffers' verified 80% LVR snapshot dated 27 August 2026, the lowest owner-occupier variable match is 5.93% p.a. (6.11% comparison rate) and the lowest 3-year fixed match is 5.99% p.a. (6.31% comparison rate). Variable suits extra repayments and offset flexibility; fixed suits repayment certainty and carries break costs. Compare fixed home loan rates.
Ratesniffers' verified snapshot does not encode offset eligibility, so no offset pick carries a rate here and this answer stays number-free. A 100% offset can beat a marginally lower basic rate when savings sit against the loan, because interest is charged on the net balance. Confirm the offset terms with the lender. Compare offset home loans.
Every rate on this page is verified at 80% LVR. A 5% deposit means 95% LVR, a tier the snapshot does not price, so Ratesniffers keeps this answer number-free. Lenders usually charge more above 80% LVR and add lenders mortgage insurance unless the government 5% Deposit Scheme applies. Compare low deposit home loans.
Ratesniffers' verified snapshot does not encode refinance eligibility, so no product is named as a refinance pick and this answer stays number-free. The lowest owner-occupier variable match above is the benchmark to test an existing loan against, after discharge fees, application costs and any cashback are netted off. Compare refinance home loan rates.
Not on its own. Ratesniffers lists approved cashback offers separately from product rates, because an offer is not evidence that a product or rate qualifies, so this answer stays number-free. A cash incentive on a higher comparison rate is usually outweighed by extra interest within a few years. Compare current cashback home loan offers.
A comparison rate folds the interest rate and most upfront and ongoing fees into one percentage, calculated on a $150,000 loan over 25 years under the National Credit Code. Ratesniffers ranks every pick by comparison rate because a low headline rate with a high package fee can cost more than a plainer loan. Read the comparison rate guide.
The lowest verified rates on Ratesniffers assume 80% LVR or lower, an owner-occupier buying to live in, principal and interest repayments and a standard property. Lenders also look at income stability, credit history, existing debts and loan size before pricing a discount. Read who qualifies for the best rates.
The lowest matched owner-occupier comparison rate in Ratesniffers' verified 80% LVR snapshot is 6.11%, as at 27 August 2026. The lowest matched rate is a starting point, not a universal recommendation. The best loan for you also depends on your deposit, whether you're buying to live in or to invest, and the features you need. The table above names the lowest matched lender for each matrix-encoded loan type in the dated verified snapshot.
In the snapshot dated 27 August 2026, the cheapest of the big four banks, CommBank, had a 6.85% comparison rate, against 6.11% for our overall lowest-rate pick, a gap worth roughly $4,440 a year in interest on a $600,000 loan.
Home loan rates move with the Reserve Bank of Australia's cash rate target, currently 4.35%. A competitive rate is one that compares well for the same purpose, LVR and features. Use the verified 80% LVR benchmark above, then compare your actual rate, fees and eligibility on a like-for-like basis before deciding whether refinancing could help.
The best mortgage rates are not always attached to the best home loan for your situation. Compare each home loan product using the same four checks.
Not always. The cheapest home loan wins on comparison rate alone, but a loan with a slightly higher rate plus a full offset, free redraw and no annual fee can cost less overall, especially if you keep a cash balance an offset can work against. Treat the cheapest rate as the starting point; the best loan is the one whose rate, features and fees suit how you actually bank.
No single bank is best for everyone. In Ratesniffers' verified 80% LVR snapshot as at 27 August 2026, the lowest matched comparison rate is 6.11%. The right lender still depends on purpose, features and eligibility, so the table compares only loan types encoded in the matrix rather than naming one universal winner.
Not always. A loan with a slightly higher rate but a full offset, free redraw, no annual fee and flexible repayments can beat a sharper rate locked behind a basic product, especially if you carry a cash balance an offset could work against. That's why we pick a best loan per category rather than crowning one overall winner.
The rate matrix does not encode first-home-buyer or government-scheme eligibility, so this page does not assign a product rate to that category. Compare the dedicated first-home-buyer guidance, then confirm deposit, scheme and product eligibility with the lender.
The rate matrix does not encode refinance eligibility. Compare refinance guidance separately, and assess the ongoing comparison rate independently from any approved lender campaign because an offer is not evidence that a particular product or rate qualifies.
Each promoted pick must exactly match a loan-purpose, repayment-type, rate-type and fixed-term slot in the dated verified 80% LVR snapshot, then it is sorted by comparison rate within that slot. Lender campaigns are listed separately and are never attached to a product rate without an explicit product relationship. No lender can pay for placement. This snapshot is dated 27 August 2026.
The picks update when a current lender row exactly matches the approved rate snapshot. The source date shown on this page is 27 August 2026; a live rate that does not match its approved slot is excluded from the promoted picks.
Yes. Quote any pick with its comparison rate, the 27 August 2026 source date and the 80% LVR scope, and link to this page. The same verified subset is machine-readable at /rates.json, the live table is embeddable through the rate widget, and the national aggregates carry the statutory comparison-rate warning on the media rate report.
No. Every pick here is verified at 80% LVR. A 5% deposit is 95% LVR, which the snapshot does not price; lenders generally charge a higher rate above 80% LVR and require lenders mortgage insurance unless the government 5% Deposit Scheme applies. The low deposit and first home buyer pages compare that tier by feature without a promoted rate.
Not as a rate-bearing pick. The snapshot does not encode offset eligibility, so this page never attaches a rate to an offset claim. The offset home loans page compares offset features, and a 100% offset generally only pays off when a meaningful savings balance sits against the loan.
Rarely on comparison rate alone. In the verified snapshot dated 27 August 2026, the cheapest of the big four (CommBank) had a 6.85% comparison rate, against 6.11% for the overall lowest-rate pick, a gap worth roughly $4,440 a year in interest on a $600,000 loan. The big four can still suit borrowers who value branch access or an existing relationship, but on price alone they usually sit above the market.
The RBA cash rate target is currently 4.35%. Against that benchmark, our lowest owner-occupier variable pick in the snapshot dated 27 August 2026 carries a margin of +1.58 pts above the cash rate; the "Margin over cash rate" column in the table above shows this for every pick. A smaller margin generally means a sharper deal relative to the RBA's current setting, though lenders also price in funding costs, competition and risk beyond the cash rate alone.
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