While Westpac revised its cash rate forecast to expect a cut in November, many lenders have cut their home loan rates by between 6 and 35 basis points in the past few days.

Notably, Pacific Mortgage Group also introduced a 1.99% p.a. variable home loan rate (1.99% p.a. comparison rate*).

It's for owner-occupiers paying principal & interest with a maximum LVR of 60% - directed at those with either a large deposit or those refinancing. 

This makes Pacific Mortgage Group the 12th lender in Savings.com.au's research to cut below the 2.00% advertised rate threshold. 

More rate changes are below.

Buying a home or looking to refinance? The table below features home loans with some of the lowest variable interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
Featured 4.6 Star Customer Ratings
  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
5.99% p.a.
5.90% p.a.
Principal & Interest
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

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 be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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 . View disclaimer.

Adelaide Bank

Adelaide Bank cut a wide range of home loans, mainly for investors, but with a few 'SmartSaver' owner-occupier loans sprinkled in. Some key cuts are below:

  • Investment SmartFix P&I 4 Years: 20 basis point cut to 2.94% p.a. (3.23% p.a. comparison rate*)
  • OO SmartFix P&I 4 Years: 20 basis point cut to 2.64% p.a. (2.94% p.a. comparison rate*)

A range of other fixed term home loans paying both P&I and interest-only (IO) were also cut.


Yesterday, BankVic made a wide array of home loan cuts by between 11 and 35 basis points. Some key cuts were:

  • Premium Home Fixed 3 Years: 35 basis point cut to 2.15% p.a. (3.66% p.a. comparison rate*)
  • Fixed 3 Years: 35 basis point cut to 2.25% p.a. (3.53% p.a. comparison rate*)

These rates are for owner-occupiers, with the 'Premium' line being a packaged home loan.


A few days ago, non-bank lender Athena made some cuts by between 5 and 15 basis points. Some of the rate changes were:

  • Liberate Investor P&I 70-80% LVR: 15 basis point cut to 2.79% p.a. (2.74% p.a. comparison rate*)
  • Liberate Owner-Occupier P&I 70-80% LVR: 10 basis point cut to 2.44% p.a. (2.38% p.a. comparison rate*)

These home loans are on Athena's tiered rate system, which automatically puts borrowers onto lower rates as they pay down their home loan. 

Hunter United

Hunter United cut one home loan today, its two-year fixed home loan for owner-occupiers paying P&I.

It received a 20 basis point cut down to 2.19% p.a. (2.71% p.a. comparison rate*)


IMB also made a 20 basis point cut on its residential fixed loan for two years paying P&I.

It is now down to 2.19% p.a. (3.10% p.a. comparison rate*)

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