🇦🇺 Australian Home Loan Rates - quickhomeloan.com.au

Home Loan Rates

"Pay The Lowest Interest Rates!

Lets Dig In To Getting THE BESTEST Interest RATES From All The Major Lenders..."

(Without Having To Deal With The Call Around!)

Sign up now to be the first to get Australian Mortgage news and killer tips to save you thousands.

Note: By submitting this form, you agree to Quick Home Loan's terms. We respect your privacy and don't spam.

Stop paying stupid Home Loan Rates to greedy banks and brokers!

Melbournians! Bank Home Loan Rates are at an all time low! Its time for you to take back the power and get a real DEAL! If you want to save $1000s on your mortgage OR get the right rate from the start you Need to Contact Us..

Daniel Stephens on July 30, 2020 at 2:43 pm

Home Loan Rates 

If you have plans to buy a house soon, you might be worried about the talks about increasing interest rates. Maybe you are anxious that these higher rates are going to force you to just settle for less than your dream house or it might even affect your ability to purchase a house. But, how important are home loan rates are? How much do you need to follow them once you embark on your home buying journey?

 

 

 

 

What are the Current Home Loan Interest Rates in Australia?

 

Quicklinks

Should You Consider Home Loan Rates When Comparing Lenders?

Where To Focus?

Next topic

Create Your Label

Next topic

Next topic

Should You Consider Home Loan Rates When Comparing Lenders?

When shopping around for lenders, you might see advertisements of different interest rates. Before you begin any comparison shopping according to these numbers, there are a few things you need to consider.

Majority of differences in home loan rates will be just be minimal, often one-quarter or one-eight of the percentage point. The difference will not just significantly affect your payments every month. Even though your monthly payment and rate is most probably a critical factor when choosing your lender, it is also equally important that you pay attention to the level of service they offer. 

You have to check if they know the ins and outs of new regulations and laws when it comes to home loans and inquire about the process’s speed before you make your final decision. A delay of several months in closing might ultimately become more damaging compared to paying a part of a point in the rate. 

Most of the time, you will not really be paying the advertised rate. It might be the best offered rate but the actual rate is going to be affected by your chosen loan program, your credit, as well as many other factors. 

Where to Focus?

Obviously, the APR or Annual Percentage Rate matters and is among the most crucial factors of the payment every month. However, when looking for a lender with the best home loan rates, quality service should be your main focus. Some of the things you need to evaluate when looking for a lender include:

  • The reputation of the lender 
  • Ability to offer guidance for smooth transaction 
  • Some other costs like APR, fees, and points

 

Which Bank is Offering the Lowest Interest Rate on Home Loan?

It doesn’t matter if you will refinance your existing loan or you will buy a new property, taking advantage of the lowest home loan rates in years is no doubt an absolute must. As compared to the usual rates of big name banks, typical borrowers can save up to $90,000 throughout the duration of the loan if they opt for the cheapest or lowest home loan rates. 

Where should you go to get the best value deal, then? For refinance home loan, loans.com.au offers the best variable comparison at the time of writing with their rate of 2.55% base on a less than 75% loan to value ratio. 

Athena also offers variable rate of 2.55%for owner-occupiers with interest and principal loan. 

The variable rate of Ubank is also comparable at 2.84% for owner-occupier, interest and principal loans of over $200,000. 

The big bank that is most competitive right now is Westpac with their comparable variable rate of 3.29% on interest and principal loans. 

Experts say that borrowers don’t need to worry about that taking out loans with non-bank lenders is riskier compared o taking out loans with big players. This is because most of these non-bank lenders are backed by banks, such Ubank that is backed by NAB. 

Due to the financial services royal commission, a lot of non-banks follow the same responsible guidelines just like big banks. 

What are the Current Home Loan Interest Rates in Australia?

As of the time of writing, the average variable home interest rate is at 4.63% although you can also find rates that can go as low as 2.47%. 

How do competitive home loan rates look like in the existing home loan market? It might be much lower than what you think. 

So far, the average variable home loan interest rate is at 4.44%. The lowest variable rate that is available is at 2.47%. Meanwhile, the average 3-year fixed home loan interest rate is at 3.35% while the lowest 3-year fixed home loan rate is 2.14%. 

The current Reserve Bank of Australia cash rate has an interest rate of 1.50%. There is a 5.38% average standard variable rate while the best variable rate for the non-residents has an interest rate of 3.88% and a comparison rate of 3.89%. The best 30year fixed interest rate for the non-residents have an interest rate of 3.74% and a comparison rate of 4.79%. Meanwhile, the best 5-year fixed interest rate for the non-residents have an interest rate of 3.99% and a comparison rate of 4.70%. 

Take note that this is only the average of standard variable interest rate of home loan rates from the four major banks of Australia. The interest rate also includes the professional discount and is just indicative. The final rate is still going to be dependent on the borrowed amount as well as the LVR. The borrowers should meet the qualifying criteria for professional package and the lending policy. You will also be qualified for lower interest rate if the amount of your loan is a large one. 

Get help from the experts to find the best home loan rates for you today! 

Final Note on Interest Rates in Victoria:

  1. Always speak with a financial professional (like us) to establish a real idea of what is possible with your current circumstance. 
  2. Find a EXCELLENT Broker that knows the local area market and can advise you if you’re buying on emotion. We don’t want our clients getting ripped off by grubby finger Mike.
  3. Get an advocate if you dont have the training to spot a great property deal and epic loan rates. We can work with clients to find and purchase the BEST properties Pre-Public-listing *sometimes😉 and get you a deal of a lifetime. We are NOT Real Estate agents looking to suck your wallet dry with BS valuations and pink shirts.

*Opinions expressed in this article are those of a Quick Home Loans author and not necessarily representing Quick Home Loans staff. At the end of the day Opinions are individual. This legal mumbo jumbo is so un Australian but necessary to stop ninkenpoops destroying our companies jobs.

DISCLAIMER: This content is for informational purposes only. Do not act on this advice/information before speaking with a qualified Mortgage Broker which you can do simply by calling 03 9001 7611. Due to changes in the industry and product services we cannot guarantee the information is accurate at the time of reading. Basically – dont be silly, take it with a grain of salt and call our team before making decisions. Its Free to chat and may save your bacon. 03 9001 7611

Small Business Owner Home Loans

Quick Home Loans is helping small business owners survive COVID-19

Join us at on a web chat to discuss the current refinance options and ways you can leverage your existing Mortgage  and property to keep your business moving forward. Call us today and register your interest to save on interest! No pun.

PAGE CONTENT LIST

COVID-19

Due to safety concerns of the corona virus COVID-19 we will be doing phone and video chats until restrictions are lifted and Victoria is safe.

Please Contact us to book a time thats convenient for you. No obligation free consult.

Quick Home Loan

PO BOX
PO Box 4117, Victoria, 3147

Phone: 03 9001 7611

Gain new strategies and insights at the intersection of marketing, technology, and management. Our next conference will be held:
April 15-17, 2020: San Jose
October 6-8, 2020: Boston

RELATED TOPICS

The Impact of Artificial Intelligence in Marketing
The State of Local Marketing in Insurance
Nielsen Annual Marketing Report: The Age of Dissonance – Marketer’s Trust in Digital Drives Spend Despite Challenges
Forrester Study: Total Economic Impact of Arm Treasure Data CDP
Navigating a Modern Marketing and Loyalty Program With AI and Machine Learning

HASHTAGS

#home-loans #refinance #homebuyers #shouldIrefinance

RESEARCH TOPICS

REFINANCE HOME LOANS TOP RESOURCE

F.A.Q

The Impact of Artificial Intelligence in Marketing
The State of Local Marketing in Insurance
Nielsen Annual Marketing Report: The Age of Dissonance – Marketer’s Trust in Digital Drives Spend Despite Challenges
Forrester Study: Total Economic Impact of Arm Treasure Data CDP
Navigating a Modern Marketing and Loyalty Program With AI and Machine Learning

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

HOME LOANS VICTORIA

Our Expert Mortgage Brokers Are Getting Loans Done Quick in These Areas.

  • Arthurs Seat 3936
  • Balnarring 3926
  • Baxter 3911
  • Bittern 3918
  • Blairgowrie 3942
  • Boneo 3939
  • Cape Schanck 3939
  • Crib Point 3919
  • Dromana  3936
  • Fingal  3939
  • Flinders 3929
  • Frankston 3199
  • Hastings 3915
  • McCrae 3938
  • Main Ridge 3928
  • Merricks 3916
  • Merricks Beach 3926
  • Moorooduc 3933
  • Mornington 3931
  • Mount Eliza 3930
  • Mount Martha 3934
  • Point Nepean 3944
  • Point Leo 3916
  • Portsea 3944
  • Red Hill 3937
  • Rosebud 3939
  • Rosebud West 3940
  • Rye 3941
  • Safety Beach 3936
  • Shoreham 3916
  • Somers 3927
  • Somerville 3912
  • Sorrento 3943
  • St Andrews Beach 3941
  • Tootgarook 3941
  • Tuerong 3915
  • Tyabb  3913
  • Pearcedale 3912
  • Tooradin 3980
  • Langwarrin 3910
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Here Are A Few Other FAQs We Get A Lot:

No! We give constant updates to our software, add new templates and you get it all for FREE! Because ClickFunnels is on the cloud, when we make an update or add new features, they automatically show up in your account!

No! We created ClickFunnels so you wouldn’t have to have a whole I.T. department to run your website! Just login, start clicking, and you can build all of the pages in your funnel from the members area!

Yes! Security is our top priority, and we built ClickFunnels from the ground up to make sure your funnels, subscribers, and members area are secure. You don’t have to worry about staying up-to-date with “plugins” that can easily be compromised.

Yes! Because ClickFunnels is hosted on the largest public cloud cluster in the world (powered by Amazon and backed up by CloudFlare Security + CDN) we have virtually unlimited ability to scale in real time. Whether you send 100 visitors or 100,000+ today, it won’t slow us down!

Be the first to hear!

It’s easy: all we need is your email & your eternal love. But we’ll settle for your email….. for now anyhow.

* We Will Not Spam, Rent, Or Sell Your Information *