With competition heating up in the home loan space, a number of mutual banks and credit unions proved they are not afraid to remain competitive, slashing both fixed and variable home loan interest rates for owner occupiers and investors.

Community First Credit Union

Leading the charge for the little guys was Community First Credit Union, taking the sword to its principal and interest Accelerator Package Home Loans with a decrease of up to 135 basis points.

For owner occupiers with a loan-to-value ratio (LVR) of up to 95%, Community First cut the variable rate by 125 basis points.

The new rate stands at:

  • 2.49% p.a. (2.93% p.a. comparison rate*)

For investors with a LVR of up to 80%, Community First cut the variable rate by 135 basis points.

The new rate stands at:

  • 2.69% p.a. (3.13% p.a. comparison rate*)

Easy Street

A division of Community First Credit Union, Easy Street has decreased its Street Smart variable home loan product for owner occupiers and investors by 85 basis points.

For owner occupiers and investors with a LVR of 95%, Easy Street’s Street Smart rates now stand at:

  • Street Smart Variable P&I: 2.39% p.a. (2.44% p.a. comparison rate*)
  • Investment Street Smart Variable P&I: 2.39% p.a. (2.44% p.a. comparison rate*)

Unity Bank

The mutual bank decreased interest-only (IO) fixed rate home loans for owner occupiers by up to 99 basis points.

Highlights of these decreases include:

  • First Home Buyer Fixed Rate 1 Year IO 95%: 99 basis point decrease to 2.49% p.a. (2.39% p.a. comparison rate*)
  • Fixed Rate 1 Year IO 95%: 89 basis point decrease to 2.74% p.a. (4.42% p.a. comparison rate*)
  • Fixed Rate 3 Years IO 95%: 24 basis point decrease to 4.19% p.a. (4.50% p.a. comparison rate*)
  • Fixed Rate 5 Years IO 95%: 40 basis point decrease to 4.64% p.a. (4.63% p.a. comparison rate*)


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.

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 Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
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.

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