New South Wales Home Loans, August 2026
Sharpest comparison rates for owner-occupiers buying in NSW, ranked by comparison rate. Same nationally-priced lenders, but on this page, framed against the FHOG, stamp duty bands and HGS cap that actually apply when you buy in Sydney or regional NSW.
RBA cash rate 4.35%(effective 17 Jun 2026)|Rates updated |881 products|85+ Australian lenders
Editor's Pick · Ratesniffers Editorial Team
Top Home Loan Rates in August 2026
Reviewed by the Ratesniffers Editorial Team, August 2026
These are our top picks across New South Wales right now, same panel of 85+ lenders, ranked sharpest-first by comparison rate (currently 5.85%). Buying in Sydney or regional NSW? The state-specific concessions below stack on top of these rates.
Type
Lender & product
Rate p.a.
Comp. rate p.a.*
Max LVR
Variable rate
Greater Bank LimitedDiscounted Great Rate Home Loan - Variable Owner Occupied
5.84%
5.85%
—
Fixed rate
Regional Australia BankRegional Australia Bank Home Loan (Fixed Owner Occupied)
6.09%
6.12%
80%
Interest only
Queensland Country BankHome Loan-Package
5.99%
6.03%
—
Discounted Great Rate Home Loan - Variable Owner Occupied
Owner-occupierVariableP&IRedrawExtra repayments$2,500 cashback
Interest
5.84%p.a.
Comparison*
5.85%p.a.
Monthly repayment
$2,947
LVR —
First Home Buyer Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.89%p.a.
Verify, 77d old
Comparison*
5.89%p.a.
Monthly repayment
$2,962
LVR 70–90%
Budget Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.89%p.a.
Comparison*
5.89%p.a.
Monthly repayment
$2,962
LVR —
OnlineUp Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.95%p.a.
30d ago
Comparison*
5.95%p.a.
Monthly repayment
$2,982
LVR —
Discount Home Loan (With Principal and Interest Repayment)
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.93%p.a.
Comparison*
5.97%p.a.
Monthly repayment
$2,975
LVR —
Home Smart (Package)
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.94%p.a.
Comparison*
5.98%p.a.
Monthly repayment
$2,978
LVR 1–80%
Premium Plus Package Variable Home Loan Principal and Interest
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.94%p.a.
Comparison*
5.98%p.a.
Monthly repayment
$2,978
LVR ≤80%
OnlineUltimate Home Loan - Owner Occupied 80% LVR
Owner-occupierVariableP&IOffsetRedraw
Interest
5.94%p.a.
Verify, 81d old
Comparison*
5.98%p.a.
Monthly repayment
$2,978
LVR ≤80%
Offset Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.95%p.a.
Comparison*
5.99%p.a.
Monthly repayment
$2,982
LVR 70–80%
OMG Home Loan (P&I) LVR>80
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
myBlue Variable O/Occ I/O (up to 60% LVR)
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
Orange Advantage
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
OnlineME Bank EconoME Home Loan
Owner-occupierVariableP&IRedrawExtra repayments$3,000 cashback
Cashback eligibility
- Min loan $700,000
- Max LVR 80%
- Offer ends 28 Aug 2026 · lender T&Cs
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR 70–80%
Home Loan-Package
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
Police Variable Home Loan Rate
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
52d ago
Comparison*
6.04%p.a.
Monthly repayment
$3,011
LVR —
Fair Dinkum Home Loan
Owner-occupierVariableP&IExtra repayments
Interest
6.04%p.a.
Verify, 80d old
Comparison*
6.04%p.a.
Monthly repayment
$3,011
LVR 70–80%
Basic Variable Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.05%p.a.
Monthly repayment
$2,995
LVR —
ANZ Simplicity PLUS
Owner-occupierVariableP&IRedrawExtra repayments$3,000 cashback
Interest
6.01%p.a.
Comparison*
6.05%p.a.
Monthly repayment
$3,001
LVR 70–80%
OnlineTiimely Basic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.05%p.a.
Monthly repayment
$3,011
LVR 70–80%
Clear Path Variable Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments$2,000 cashback
Interest
6.03%p.a.
Comparison*
6.07%p.a.
Monthly repayment
$3,007
LVR ≤80%
DHOAS Value Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 71–80%
BASIC HOME LOAN
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR —
XL Home Loan Package
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR —
Offset Variable OO P&I
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 70–80%
Budget Home Loan
Owner-occupierVariableP&IRedrawExtra repayments$4,000 cashback
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 71–80%
Macquarie Basic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 70–80%
Special Residential Variable Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 71–80%
Classic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 70–80%
Variable Home Loan with Offset
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.07%p.a.
Comparison*
6.11%p.a.
Monthly repayment
$3,020
LVR 70–80%
Variable Home Loan with Offset
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.07%p.a.
Comparison*
6.11%p.a.
Monthly repayment
$3,020
LVR 70–80%
*Important Information and Comparison Rate 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.
Buying in NSW
What changes when you compare home loans in New South Wales
The lenders on this page price nationally, your interest rate is the same buying in Sydney as it is anywhere else. What does change is the cash going in. First home buyers in NSW can combine the $10,000 First Home Owner Grant with the state stamp duty concession (full exemption on new or existing homes ≤ $800,000; concessional rates from $800,000 to $1,000,000) and the federal Home Guarantee Scheme cap of $1,500,000 (Sydney + regional centres) / $800,000 (rest of NSW). Those three together can shift your minimum deposit by tens of thousands without ever touching the rate column above.
Buying to live in yourself? See New South Wales owner-occupier home loans. Buying to rent out? See New South Wales investor home loans for the loan features and rate spread specific to landlords.
Source: Revenue NSW · Verified July 2026. Cap data from Housing Australia. See also our stamp duty calculator.
4
of 85+ lenders are under 6.00% today on an owner-occupier variable loan in NSW.
$2,978
a month, principal and interest, on a representative $500,000loan over 30 years at today's lowest variable rate of 5.94%.
NSW first home buyer concessions at a glance
| First home owner grant | $10,000 |
|---|---|
| Stamp duty concession | Full exemption on new or existing homes ≤ $800,000; concessional rates from $800,000 to $1,000,000. |
| Home Guarantee Scheme cap | $1,500,000 (Sydney + regional centres) / $800,000 (rest of NSW) |
What is the lowest home loan rate in New South Wales right now?
Today the sharpest owner-occupier variable rate on our panel sits at 5.94%, with 4 of 85+ lenders priced under 6.00% and a panel median near 6.09%. Lenders price nationally, so a Sydney buyer sees the same rates as one in regional NSW.
Newcastle and Lake Macquarie home loans
Newcastle and Lake Macquarie are two of the few places in regional NSW that get the same, higher Home Guarantee Scheme price cap as Sydney: $1,500,000, rather than the $800,000 cap that applies across the rest of regional NSW. A first home buyer in the Hunter region can use the federal 5% deposit scheme up to that higher threshold with no Lenders Mortgage Insurance. Refinancing works the same way wherever you live in NSW too, lenders price a loan the same regardless of postcode, so a Newcastle refinance sees the exact same comparison-rate table above as a Sydney one.
Source: Housing Australia, regional centre price caps. Verified 2026-07-13.
Federal scheme · Available nationwide
Australian Government 5% Deposit Scheme, no LMI
Buy a home with as little as a 5% deposit without paying Lenders Mortgage Insurance, the federal government guarantees the rest. Since 1 October 2025 the scheme has unlimited places, no income caps, and significantly higher property caps. The property must be your principal place of residence (no investors).
First home buyers
5% deposit, no LMI
Scheme places
Unlimited, no waiting list
Single parents
2% deposit, no LMI
Source: firsthomebuyers.gov.au · Verified July 2026
Your state, pick to see grants & concessions
State schemes · New South Wales
First home buyer benefits in New South Wales
First Home Owner Grant (FHOG)
$10,000, Buying or building a new home valued ≤ $600,000, or new house-and-land package ≤ $750,000.
Stamp duty concession
Full exemption on new or existing homes ≤ $800,000; concessional rates from $800,000 to $1,000,000.
5% Deposit Scheme property cap
Maximum property price for the federal 5%-deposit scheme in New South Wales: $1,500,000 (Sydney + regional centres) / $800,000 (rest of NSW).
Source: Revenue NSW · Verified July 2026. Grant amounts and property caps change, confirm with the linked source before applying.
Want help stacking these schemes for your scenario? Talk to a broker →
New South Wales home loan FAQs
What are the lowest home loan rates in New South Wales?
The lowest comparison rate on our New South Wales panel right now is 5.85%, refreshed daily and sorted to the top of the table above. Home loan rates aren't set by state, the same lenders price nationally, so a NSW buyer can access exactly the same rates as anyone else. What changes in NSW is the grants and concessions you stack on top.
What is the First Home Owner Grant in NSW?
NSW's First Home Owner Grant is $10,000. Buying or building a new home valued ≤ $600,000, or new house-and-land package ≤ $750,000. It's paid in addition to any rate you secure on the comparison table above, see Revenue NSW for the current eligibility detail.
Do first home buyers pay stamp duty in NSW?
Full exemption on new or existing homes ≤ $800,000; concessional rates from $800,000 to $1,000,000. These concessions can be worth more than a small difference in interest rate, so factor them into your total cost, not just the headline rate. Authority: Revenue NSW.
What is the Home Guarantee Scheme property price cap in NSW?
$1,500,000 (Sydney + regional centres) / $800,000 (rest of NSW) Under the federal Home Guarantee Scheme, eligible buyers in NSW can purchase under that cap with as little as a 5% deposit and no Lenders Mortgage Insurance, the government guarantees the difference. It works with any lender on the scheme's panel, including several on the table above.
What is the Home Guarantee Scheme price cap in Newcastle?
Newcastle and Lake Macquarie get the $1,500,000 Home Guarantee Scheme cap, the same higher cap that applies in Sydney, rather than the $800,000 cap that applies across the rest of regional NSW. A first home buyer here can use the federal 5% deposit scheme up to that threshold with no Lenders Mortgage Insurance.
Do home loan rates differ between Sydney and regional NSW?
No. The lenders on this page price nationally, so a buyer in regional NSW is offered exactly the same rate as one in Sydney. What does differ by location is eligibility for the Home Guarantee Scheme's regional-centre price cap, and in some states, a region-specific first home buyer program, both covered above.