Mortgage Rates in Australia

Interest rates have near as dammit peaked around the world. NZ and Australia are both at the top of their rate cycles. NZ is officially in recession and that usually means rates are very likely to fall. Australia is still chugging along, bit there are many signs that high rates are hurting and inflation is coming under control. Rates may be expected to fall later in 2024 or early 2025.

So, what mortgage rates are currently available out there?? Here's a selection of rates that are achievable. Chat to the Team here to find out more!

Rate Type	Below 70% LVR	Below 80% LVR	Above 80% LVR
Variable redraw	5.94%	6.10%	6.60%
Variable offset	6.04%	6.20%	6.60%
1-year fixed	5.79%	5.79%	6.09%
2-year fixed	5.79%	5.79%	6.19%
3-year fixed	5.79%	5.79%	6.09%

*Owner occupied rates. Best rates currently available. Note smaller loans (<$500k) are priced a bit higher.