RatesniffersRATESNIFFERS
LoginSign up
← All lenders
Westpac logo

Westpac Home Loan Rates

Active products
36
Lowest variable
6.09%
Lowest fixed
6.34%
Lowest comparison
6.13%
Last updated
28 July 2026

Westpac Banking Corporation is Australia's oldest bank, established in 1817, and one of the Big Four. Headquartered in Sydney, it operates four lending brands (Westpac, St.George, Bank of Melbourne, BankSA) on a shared loan engine. Its Premier Advantage Package is the long-running offset bundle across the group's four brands.

What is the lowest Westpac home loan rate?

The lowest Westpac variable home loan rate Ratesniffers tracks is 6.09% p.a., and the lowest fixed rate is 6.34% p.a. These figures come from the 32 Westpac products on this page, ranked by comparison rate, refreshed daily (last updated 28 July 2026).

How many home loan products does Westpac offer?

Ratesniffers currently tracks 32 Westpac home loan products across variable, fixed and interest-only options for owner-occupiers and investors. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.

Westpac home loan rates at a glance

Product typeRateComparison rateMax LVR
Variable Owner-occupier P&I6.09% p.a.6.13% p.a.95%
Variable Owner-occupier P&I6.09% p.a.6.13% p.a.95%
Variable Investor P&I6.25% p.a.6.29% p.a.95%
Variable Investor P&I6.25% p.a.6.29% p.a.95%
Variable Investor P&I6.25% p.a.6.29% p.a.100%
Variable Investor P&I6.25% p.a.6.29% p.a.100%
Fixed 2-year Owner-occupier P&I6.34% p.a.6.38% p.a.95%
Variable Owner-occupier interest-only6.39% p.a.6.43% p.a.80%
Variable Owner-occupier interest-only6.39% p.a.6.43% p.a.80%
Fixed 1-year Owner-occupier P&I6.44% p.a.6.48% p.a.95%
Fixed 2-year Investor P&I6.44% p.a.6.48% p.a.95%
Variable Investor interest-only6.51% p.a.6.55% p.a.90%

32 Westpac home loan products

Westpac logo
Fixed Rate Home Loan
Owner-occupier2y FixedInterest onlyRedrawExtra repayments
Interest
6.69%p.a.
Comparison*
6.73%p.a.
Monthly repayment
$3,223
LVR 70–80%
More details
Westpac logo
Fixed Rate Home Loan
Owner-occupier1y FixedInterest onlyRedrawExtra repayments
Interest
6.79%p.a.
Comparison*
6.83%p.a.
Monthly repayment
$3,256
LVR 70–80%
More details
Westpac logo
Fixed Rate Home Loan
Owner-occupier3y FixedInterest onlyRedrawExtra repayments
Interest
6.89%p.a.
Comparison*
6.93%p.a.
Monthly repayment
$3,290
LVR 70–80%
More details
Westpac logo
Fixed Rate Home Loan
Owner-occupier4y FixedInterest onlyRedrawExtra repayments
Interest
7.09%p.a.
Comparison*
7.13%p.a.
Monthly repayment
$3,357
LVR 70–80%
More details
Westpac logo
Fixed Rate Home Loan
Owner-occupier5y FixedInterest onlyRedrawExtra repayments
Interest
7.09%p.a.
Comparison*
7.13%p.a.
Monthly repayment
$3,357
LVR 70–80%
More details

Negotiate Westpac rates with a broker

Advertised rates aren't always the rate Westpac actually approves. Our broker negotiates against your specific scenario, no fee.

Talk to a broker

Who is Westpac?

Westpac is Australia's oldest bank, founded in 1817 as the Bank of New South Wales and one of the country's big four alongside Commonwealth Bank, ANZ and NAB. It took the Westpac name in 1982 after merging with the Commercial Bank of Australia in what was then Australia's largest bank merger, and it now holds close to a fifth of the national home loan market.

The wider Westpac Group also owns St.George Bank, Bank of Melbourne and BankSA as separately branded lenders, each pricing its own product range, so it is worth comparing across the group rather than assuming Westpac itself is the sharpest deal. In November 2025 Westpac extended its moratorium on closing regional branches through to 2030, alongside a new mobile-banker pilot visiting regional New South Wales towns that do not have an existing branch.

Who suits a Westpac home loan?

Westpac tends to suit borrowers who want big-four scale and product breadth with an extended commitment to regional branch access, and those who might find a sharper deal from one of its other group brands (St.George, Bank of Melbourne or BankSA) depending on where they live. Its headline and package rates don't always lead the market though, so compare its comparison rate against the sharpest in the table above before assuming size means the best price.

Background facts checked 16 July 2026. Rates above refresh independently.

Westpac home loans: frequently asked questions

What is the lowest Westpac home loan rate?

Westpac's lowest variable home loan rate is currently 6.09% p.a., and its lowest fixed rate is 6.34% p.a., based on the 32 Westpac products Ratesniffers ranks by comparison rate, refreshed daily (last updated 28 July 2026). The advertised rate isn't always the rate Westpac approves, a broker can often negotiate a sharper deal on your scenario.

How does Westpac's home loan rate compare to the market?

Westpac's lowest variable home loan rate today is 6.09% p.a., which is in line with the market median of 6.09% p.a. today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where Westpac sits right now rather than a fixed snapshot.

How many home loan products does Westpac offer?

Ratesniffers currently tracks 36 Westpac home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 32 that pass our data-quality checks on this page. Every rate is refreshed daily and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.

Is Westpac competitive for refinancing?

It depends on your loan size and LVR. Westpac's lowest comparison rate is currently 6.13% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing Westpac against the sharpest available rate usually pays off.

How often are Westpac's home loan rates updated?

Ratesniffers refreshes Westpac's home loan rates daily; this page was last updated 28 July 2026. Rates can change whenever Westpac reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.

Westpac rates by borrower and loan type

The same Westpac panel, filtered to the scenario you're actually shopping for.

Compare home loans across the market by purpose

The whole visible panel, sliced by what borrowers actually search for.

Research Westpac

Our independent review, and how they stack up head to head.

Other lenders you might compare

Same purpose-built rate cards, different lender panels.

Mortgage guides and market context

Plain-English explainers, plus where rates sit across the market today.