RatesniffersRATESNIFFERS
LoginSign up

Victoria Home Loans, August 2026

Sharpest comparison rates for owner-occupiers buying in VIC, 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 Melbourne or regional VIC.

RBA cash rate 4.35%(effective 17 Jun 2026)|Rates updated |881 products|85+ Australian lenders
Advertisement
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 Victoria right now, same panel of 85+ lenders, ranked sharpest-first by comparison rate (currently 5.85%). Buying in Melbourne or regional VIC? 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%
—
Horizon Bank logo
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%
More details
Maitland Mutual Limited logo
Budget Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.89%p.a.
Comparison*
5.89%p.a.
Monthly repayment
$2,962
LVR —
More details
Up logoOnline
Up Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.95%p.a.
30d ago
Comparison*
5.95%p.a.
Monthly repayment
$2,982
LVR —
More details
Bank Australia logo
Offset Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.95%p.a.
Comparison*
5.99%p.a.
Monthly repayment
$2,982
LVR 70–80%
More details
ING Bank (Australia) Ltd logo
Orange Advantage
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
More details
ME Bank - ME Go logoOnline
ME 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%
More details
Queensland Country Bank logo
Home Loan-Package
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
6.03%p.a.
Monthly repayment
$2,995
LVR —
More details
ANZ logo
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%
More details
Auswide Bank Ltd logo
BASIC HOME LOAN
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR —
More details
IMB Bank logo
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%
More details
QBANK logo
Classic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.04%p.a.
Comparison*
6.08%p.a.
Monthly repayment
$3,011
LVR 70–80%
More details
*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 VIC

What changes when you compare home loans in Victoria

The lenders on this page price nationally, your interest rate is the same buying in Melbourne as it is anywhere else. What does change is the cash going in. First home buyers in VIC can combine the $10,000 First Home Owner Grant with the state stamp duty concession (full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000) and the federal Home Guarantee Scheme cap of $950,000 (Melbourne + Geelong) / $650,000 (rest of VIC). 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 Victoria owner-occupier home loans. Buying to rent out? See Victoria investor home loans for the loan features and rate spread specific to landlords.

Source: State Revenue Office Victoria · 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 VIC.
$2,978
a month, principal and interest, on a representative $500,000loan over 30 years at today's lowest variable rate of 5.94%.

VIC first home buyer concessions at a glance

First home owner grant$10,000
Stamp duty concessionFull exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000.
Home Guarantee Scheme cap$950,000 (Melbourne + Geelong) / $650,000 (rest of VIC)

What is the lowest home loan rate in Victoria 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 Melbourne buyer sees the same rates as one in regional VIC.

Bendigo home loans

Bendigo sits on the same $650,000 Home Guarantee Scheme price cap as the rest of regional Victoria, not the higher $950,000 cap that applies in Melbourne. Geelong is the only Victorian city named on the scheme’s regional-centre list, so it shares Melbourne’s higher cap, but Bendigo does not, a distinction worth knowing before you rely on the 5% deposit scheme for a Bendigo purchase. Rates themselves aren’t affected either way, lenders price a loan the same regardless of postcode, so a Bendigo refinance sees the exact same comparison-rate table above as a Melbourne one.

Source: Housing Australia, regional centre price caps. Verified 2026-07-15.

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 · Victoria

First home buyer benefits in Victoria

First Home Owner Grant (FHOG)
$10,000, Buying or building a new home valued ≤ $750,000 (newly constructed or never-occupied).
Stamp duty concession
Full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000.
5% Deposit Scheme property cap
Maximum property price for the federal 5%-deposit scheme in Victoria: $950,000 (Melbourne + Geelong) / $650,000 (rest of VIC).
Source: State Revenue Office Victoria · 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 →

Victoria home loan FAQs

What are the lowest home loan rates in Victoria?

The lowest comparison rate on our Victoria 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 VIC buyer can access exactly the same rates as anyone else. What changes in VIC is the grants and concessions you stack on top.

What is the First Home Owner Grant in VIC?

VIC's First Home Owner Grant is $10,000. Buying or building a new home valued ≤ $750,000 (newly constructed or never-occupied). It's paid in addition to any rate you secure on the comparison table above, see State Revenue Office Victoria for the current eligibility detail.

Do first home buyers pay stamp duty in VIC?

Full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000. 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: State Revenue Office Victoria.

What is the Home Guarantee Scheme property price cap in VIC?

$950,000 (Melbourne + Geelong) / $650,000 (rest of VIC) Under the federal Home Guarantee Scheme, eligible buyers in VIC 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 Bendigo?

Bendigo sits on the $650,000 statewide cap, the same as the rest of regional Victoria, not the higher $950,000 cap that applies in Melbourne. Geelong is the only Victorian city on the scheme's regional-centre list, so it shares Melbourne's higher cap, but Bendigo does not. A first home buyer here can still use the federal 5% deposit scheme up to $650,000 with no Lenders Mortgage Insurance.

Do home loan rates differ between Melbourne and regional VIC?

No. The lenders on this page price nationally, so a buyer in regional VIC is offered exactly the same rate as one in Melbourne. 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.