How does your home loan stack up? If you’re keen to compare interest rates, we’ve taken a look at the rates on Canstar’s database, and found there’s a big difference between the highest and lowest rates.
Whenever the Reserve Bank of Australia (RBA) raises the cash rate, banks and lenders tend to be quick to pass the change on to home loan borrowers, with most major financial institutions passing the hike on in full. While rates rose throughout much of 2023, the RBA held them steady throughout 2024, as inflationary pressures ease. Rates are tipped to fall in February 2025, so if you’re currently wondering whether it’s a good time to fix your home loan, or whether to wait and see if the RBA makes its predicted cuts, some consideration of the pros and cons of fixing your home loan might assist. Below is a summary of the current home loan rates for owner occupiers and investors on Canstar’s database. To explore in more detail, you can compare interest rates with Canstar’s home loan selector. If you want to know more about investment loans, you can also compare investment home loans on our database.
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