Home loan comparison
Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.
Lender | Advertised rate | Comparison rate* | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDZERO APPLICATION FEESFEE FREE OFFSET | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| ||||||||||||
Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| |||||||||||||
| Fixed | More details | ||||||||||||
| FEATUREDUSE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER | Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
| ||||||||||||
Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDREFINANCE IN MINUTES, NOT WEEKS | Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| ||||||||||||
Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| |||||||||||||
| Variable | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Variable Loan (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| FREE REDRAW FACILITY | Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
| ||||||||||||
| Fixed | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Fixed Loan (Principal and Interest) 1 Year | ||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES100% FULL OFFSET ACCOUNTFREE REDRAW FACILITY | Ocean Owner Occupied (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 1yr
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 1yr
| |||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES | Budget Home Loan (Principal and Interest) (LVR < 80%) | ||||||||||||
| Variable | More details | ||||||||||||
Basic Variable Owner Occupier Principal & Interest (LVR ≤ 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 1 year (Principal and Interest) (LVR 80%-85%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 70%-80%) | ||||||||||||
| Variable | More details | ||||||||||||
| AN EASY ONLINE APPLICATION | Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
| ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 2 year (Principal and Interest) (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| UNLIMITED EXTRA REPAYMENTS | Basic Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
| AN EASY DIGITAL APPLICATION | Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
| ||||||||||||
Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
| |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan 3 Years (LVR 80%-95%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR < 80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Tailored Home Loan Fixed (Principal and Interest) 2 Years | |||||||||||||
| Fixed | More details | ||||||||||||
Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year | |||||||||||||
| Variable | More details | ||||||||||||
Extra Home Loan (Principal and Interest) (LVR < 70%) | |||||||||||||
Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of January 21, 2022. View disclaimer.
Negative gearing tax deduction
According to the Australian Taxation Office (ATO), a rental property is negatively geared if the net rental income is less than the cost of owning the property, including expenses and the interest on the loan. When you have a net rental loss, you can claim a deduction for the full amount lost on your other sources of income, such as your salary, reducing your taxable income.
This can be pretty tax-effective, which is why many investment properties are negatively geared.
Our negative gearing calculator can help you estimate how much a negatively geared property could cost you each year compared to how much you could save on personal income tax.
Negative gearing calculator
Our negative gearing calculator can give property investors an estimate of the tax benefits they could receive, based on the following information:
- The purchase price of the property
- The loan amount
- The loan term
- The interest rate on your loan, and the repayment type (principal and interest, interest-only)
- Your rental income and gross personal income (before tax)
- Fees you have to pay on the property (council rates, strata fees, insurance, repairs and maintenance etc.)
While this calculator can give you an estimate on how much your taxable income tax could be affected by negative or positive gearing, you shouldn’t base your investment decisions on it. Consider consulting a qualified financial adviser or accountant.
Other Calculators
Home loan news
Disclaimers
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.
© 2022 Savings.com.au | AFSL and Australian Credit License Number 515843
Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG) The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.