RatesniffersRATESNIFFERS
PropertySniffers LoginSign up

Western Australia Home Loans, May 2026

Sharpest comparison rates for owner-occupiers buying in WA, 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 Perth or regional WA.

Rates updated 8 May 2026|1,264 products|85+ Australian lenders
Advertisement
Filters1
Editor's Pick · Ratesniffers Editorial Team

Top Home Loan Rates in May 2026

These are our top picks across Western Australia right now — same panel of 85+ lenders, ranked sharpest-first by comparison rate (currently 4.50%). Buying in Perth or regional WA? 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
Virgin MoneyVirgin Money Lite Home Loan
5.59%
5.61%
—
Fixed rate
AthenaObliterate
5.99%
5.99%
50%
Interest only
Greater Bank LimitedDiscounted Great Rate Home Loan - Variable Interest Only Owner Occupied
5.79%
5.80%
—
Up logoOnline
Up Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.70%p.a.
Comparison*
5.70%p.a.
Monthly repayment
$2,902
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%
  • 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
5.83%p.a.
Comparison*
5.85%p.a.
Monthly repayment
$2,943
LVR —
More details
Auswide Bank Ltd logo
BASIC HOME LOAN
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.84%p.a.
Comparison*
5.87%p.a.
Monthly repayment
$2,947
LVR —
More details
Bank Australia logo
Basic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.89%p.a.
Comparison*
5.89%p.a.
Monthly repayment
$2,962
LVR 70–80%
More details
Firefighters Mutual Bank
Your Way Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.84%p.a.
Comparison*
5.90%p.a.
Monthly repayment
$2,947
LVR —
More details
Health Professionals Bank
Your Way Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.84%p.a.
Comparison*
5.90%p.a.
Monthly repayment
$2,947
LVR —
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 WA

What changes when you compare home loans in Western Australia

The lenders on this page price nationally — your interest rate is the same buying in Perth as it is anywhere else. What does change is the cash going in. First home buyers in WA can combine the Up to $10,000 First Home Owner Grant with the state stamp duty concession (full exemption on new or established homes ≤ $450,000; concessional rates from $450,000 to $600,000) and the federal Home Guarantee Scheme cap of $850,000 (Perth) / $600,000 (rest of WA). Those three together can shift your minimum deposit by tens of thousands without ever touching the rate column above. Keystart Home Loans also runs in WA for eligible buyers — see the panel below.

Source: wa.gov.au · 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 · Western Australia

First home buyer benefits in Western Australia

First Home Owner Grant (FHOG)
Up to $10,000— Buying or building a new home: ≤ $750,000 in Perth metro / ≤ $1,000,000 north of the 26th parallel.
Stamp duty concession
Full exemption on new or established homes ≤ $450,000; concessional rates from $450,000 to $600,000.
Home Guarantee Scheme property cap
Maximum property price for the federal 5%-deposit scheme in Western Australia: $850,000 (Perth) / $600,000 (rest of WA).
State program — Keystart Home Loans
WA-government-owned lender. Offers home loans with deposits as low as 2% with no LMI for eligible WA residents. Income and property caps apply. Visit Keystart Home Loans →
Source: wa.gov.au · 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 →