ANZ home loan review

Updated 14 May 2026

ANZ is an established Australian lender, and Ratesniffers tracks 34 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.44% p.a., and its lowest fixed rate is 6.24% p.a. That sits about 35 basis points above the market median of 6.09% p.a., so sharper variable rates exist elsewhere today.

Products tracked

Lowest variable

6.44%

Lowest fixed

6.24%

Lowest comparison

6.44%

The case for

Offers both fixed and variable loans, so you can split or switch as your plans change.
Offset accounts are available on at least some products, which can cut interest on your savings.
Extra repayments are allowed on at least some products, letting you pay down faster.
Redraw is available on at least some products, so extra repayments stay accessible.
A cashback offer is currently running on at least one product, worth weighing against the rate.
Ratesniffers tracks 34 of its products and refreshes the rates daily.

What to weigh up

Its sharpest variable rate sits above the market median of 6.09% p.a. today, so it pays to compare.
The advertised rate isn't always the rate you'll be approved for, so it can depend heavily on your deposit and profile.
Fees and conditions vary by product, so the headline rate alone doesn't tell you the true cost.

Who ANZ suits

ANZ tends to suit anyone who'll keep a healthy balance in an offset account, borrowers who want the option to fix, stay variable, or split. As always, the right loan depends on your deposit, your purpose, and the features you'll actually use, so compare it against the wider panel before you commit.

Who should look elsewhere

You may do better elsewhere if its sharpest variable rate currently sits above the market median of 6.09% p.a., and the advertised rate may not be the rate you're approved for once your deposit and profile are assessed. If your deposit is small, you're an investor, or you want interest-only, the rate ANZ actually offers can be higher than the headline, so it's worth comparing the wider market before deciding.

Key features ANZ offers

Offset account on at least some products
Redraw facility on at least some products
Extra repayments on at least some products
A cashback offer currently running on at least one product

Features vary by product. Confirm the exact terms on the loan you apply for, as not every ANZ product carries every feature.

Is ANZ a good home loan?

ANZ is a credible choice whose lowest variable rate of 6.44% p.a. currently sits about 35 basis points above the market median, so it's worth comparing before you commit (last updated 14 May 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.

See if you can do better than ANZ

The advertised rate isn't always the rate you'll be approved for. Compare ANZ against the wider panel, or have your scenario negotiated, at no cost.

See ANZ rates

ANZ home loans: frequently asked questions

Is ANZ a good home loan?

ANZ is a credible option whose lowest variable rate is 6.44% and lowest fixed rate is 6.24% p.a. (updated 14 May 2026). Whether it's right for you depends on your deposit, the features you'll use, and how its approved rate compares to the wider market, so treat the headline as a starting point.

How do ANZ's home loan rates compare to the market?

ANZ's sharpest variable rate currently sits about 35 basis points above the market median of 6.09% p.a., so sharper rates exist elsewhere today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where ANZ stands right now rather than a fixed snapshot.

Does ANZ offer an offset account?

Yes, an offset account is available on at least some ANZ products. An offset only saves interest on the balance you keep in it, so it's worth most when you hold a steady amount; confirm it's included on the specific product you apply for.

Is ANZ good for refinancing?

It depends on your loan size and equity. ANZ's lowest comparison rate is currently 6.44% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is roughly $100 a month, so comparing ANZ against the sharpest available rate usually pays off.

How often is this ANZ review updated?

The rate figures in this review are refreshed daily and this page was last updated 14 May 2026. The pros, cons and verdict are built from the live products Ratesniffers tracks, so they move with ANZ's rates rather than staying a static snapshot.

Compare ANZ another way

Same panel, sliced by what borrowers actually search for.

Read before you decide

The traps the advertised rate doesn't show.