Quarterly index publication · refreshes daily
State of Australian Home Loans
A daily-refreshed snapshot of the 85+-lender Australian home-loan market — cheapest comparison rate, owner-occupier vs investor spread, fixed vs variable difference, and the corpus underneath. Every figure on this page is computed from 3,704 live product snapshots stored in our database. As of 4 June 2026.
Headline benchmarks
Lenders tracked
85+
Big-4, mutuals, neo + non-bank
Live products
3,704
OO + investor + IO + low-doc
Cheapest OO comparison
—
Variable + P&I, fresh snapshot
Cheapest investor comparison
5.74%
Variable + P&I, fresh snapshot
OO → investor spread
—
Difference vs OO cheapest
FHB-eligible products
21
Products that meet HGS / FHOG eligibility
Cheapest comparison rate by segment
| Segment | Lender | Product | Headline | Comparison |
|---|---|---|---|---|
| Cheapest variable OO | People's Choice and Heritage | Discount Variable - Owner Occupied | 5.84% | 5.85% |
| Cheapest variable investor | Virgin Money | Virgin Money Lite Home Loan | 5.84% | 5.86% |
| Cheapest fixed OO | ME Bank - ME Go | ME Bank CompleteME Home Loan | 5.89% | 5.94% |
Comparison rate based on a $150,000 loan over 25 years per the National Consumer Credit Protection Act 2009. Strict-data-quality filter applied (snapshots within freshness window, above plausibility floor).
Methodology
- Rates refreshed daily from CDR Open Banking endpoints + targeted competitor monitoring.
- "Cheapest" reflects the lowest comparison rate in our index meeting the strict-data-quality filter (snapshot within 7 days of capture, above cash-rate + 100bps floor).
- Comparison rates calculated on the standard $150K / 25y NCCP basis — directly comparable across lenders.
- Owner-occupier vs investor spread shown is between the cheapest qualifying product in each segment, not an averaged spread across the panel.
- Panel composition: Big-4, second-tier banks (Macquarie, ING, Bankwest, Suncorp, Bendigo, BoQ), every customer-owned bank we verify, and the neo + non-bank challengers.
- FHB-eligible products are those with maximum LVR ≥ 95% AND price-eligible against the federal Home Guarantee Scheme + state FHOG bands.
Citation
Suggested attribution for press, research and AI citation:
Ratesniffers, “State of Australian Home Loans” — daily index of 3,704 home-loan products across 85+ Australian lenders. Snapshot as of 4 June 2026. ratesniffers.com.au/insights/au-home-loan-snapshot
For raw data extracts or custom date-window queries, contact hello@ratesniffers.com.au or see our press kit.