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Victoria Home Loans, June 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 |1,301 products|85+ Australian lenders
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Editor's Pick · Ratesniffers Editorial Team

Top Home Loan Rates in June 2026

These are our top picks across Victoria right now — same panel of 85+ lenders, ranked sharpest-first by comparison rate. 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
5.94%
5.95%
—
Fixed rate
AthenaObliterate
5.99%
5.99%
50%
Interest only
Horizon BankFirst Home Buyer Loan - Interest Only
5.84%
5.84%
90%
Unloan logoOnline
Unloan Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.89%p.a.
14d ago
Comparison*
—
Monthly repayment
$2,962
LVR ≤80%
More details
HSBC logo
Home Value Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.94%p.a.
Comparison*
5.98%p.a.
Monthly repayment
$2,978
LVR 70–80%
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%
  • Aggregate split refi loans to meet $700k minimum (same customer, same submission)
  • Mixed refi + purchase apps eligible — one $3k per application
  • Excludes BOQ Group refis + recipients of BOQ refi cashback in last 12 months
  • 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
IMB Bank logo
Budget Home Loan
Owner-occupierVariableP&IRedrawExtra repayments$4,000 cashback
Interest
6.04%p.a.
Comparison*
6.07%p.a.
Monthly repayment
$3,011
LVR ≤80%
More details
gmcu logo
Standard Variable Plus
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.94%p.a.
Verify — 63d old
Comparison*
6.10%p.a.
Monthly repayment
$2,978
LVR ≤80%
More details
Auswide Bank Ltd logo
BASIC HOME LOAN
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR —
More details
Firefighters Mutual Bank
Your Way Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
LVR 70–80%
More details
Health Professionals Bank
Your Way Plus Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
6.09%p.a.
Comparison*
6.13%p.a.
Monthly repayment
$3,027
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.

Source: State Revenue Office Victoria · Verified April 2026. Cap data from Housing Australia. See also our stamp duty calculator.

Federal scheme · Available nationwide

Home Guarantee Scheme — 5% deposit, 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 Guarantee
5% deposit, no LMI
Regional FHB Guarantee
5% deposit, regional only
Family Home Guarantee
2% deposit, single parents

Source: housingaustralia.gov.au · Verified April 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.
Home Guarantee 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 April 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?

Our Victoria table is sorted by comparison rate so the lowest rates sit at the top, refreshed daily. Home loan rates aren't set by state — the same lenders price nationally — so a VIC buyer accesses the same rates as anyone else; the grants and concessions are what differ in VIC.

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.

Should I use a broker to compare home loans in Victoria?

A broker compares the whole lender panel, handles the paperwork, and negotiates your rate — usually at no cost to you, because the lender pays the broker. For a VIC buyer that also means someone who can line up the right loan with the FHOG, stamp duty concession and Home Guarantee Scheme so nothing eligible is left on the table.