Is your home loan rateany good?

Anything close to 6.1%. That is the lowest comparison rate across the 32 lenders 1st Street works with, priced 4 October 2026. The middle of the panel is 6.58%. Below that, you are doing better than half the market. Above it, more than half the lenders are cheaper than you.

Best available. 0 of 32 lenders on the panel are below 5.74%. The best is 6.1%. On a $600,000 loan, the gap to the best rate is -$138 a month.

Good. 1 of 32 lenders are cheaper than 6.14%. On $600,000, that rate costs $15 a month more than the best on the panel.

On this panel the middle comparison rate is 6.58% and the average is 6.68%, priced 4 October 2026. The Reserve Bank publishes the average rate people with existing loans pay. It is higher than the best rate on offer, because most people never move.

Up. We have priced the same ten lenders on every run since November 2025. Their best variable rate was 5.39% in Nov 2025 and 6.09% on 4 Oct 2026, up 0.70 points. The middle rate went from 5.49% to 6.2%. That is on a $750,000 owner-occupied variable loan at 80% LVR, headline rates.

With a 10% deposit (90% LVR) the best variable rate on the panel is 6.24% and the middle rate is 6.55%. That is on an $800,000 owner-occupied loan, priced 4 October 2026. Most lenders charge about 0.29 points more at 90% than at 80%, and you pay LMI on top. With a 5% deposit the best is 6.54% and the middle is 7.09%, about 0.75 points above 80%.

Not on its own. Borrowing more than 80% of the price does two things. You pay lenders mortgage insurance once, and you pay a higher rate for as long as you are above 80%. On this panel that is about 0.29 points more at 90% LVR, which on $800,000 is about $151 a month. It depends a lot on the lender. At 90% the step goes from 0.06 (Bendigo Bank) to 0.96 (Newcastle Permanent).

Loan to value ratio. It is your loan as a share of what the home is worth. A $720,000 loan on a $900,000 home is 80% LVR. Lenders set rates by it. Up to 80% is the normal rate. Above 80% you pay LMI and usually a higher rate. Below 80%, a bigger deposit barely changes the rate. On this panel, 60% and 70% LVR cost almost the same as 80%.

Not yet, on the panel priced 4 October 2026. The Reserve Bank lifted the cash rate 0.25 points to 4.60% on 29 September, and lenders move variable rates on their own dates. AMP lifts variable rates 0.25 points from 2 October. BOQ lifts variable rates 0.25 points from 2 October. ME Bank lifts variable rates 0.25 points from 3 October. Bendigo Bank lifts variable rates 0.25 points from 7 October. Teachers Mutual Bank lifts variable rates 0.25 points from 8 October. Ubank lifts variable rates 0.25 points from 8 October. MyState Bank lifts variable rates 0.25 points from 8 October. Auswide Bank lifts variable rates 0.25 points from 8 October. CommBank lifts variable rates 0.25 points from 9 October. Westpac lifts variable rates 0.25 points from 9 October. NAB lifts variable rates 0.25 points from 9 October. ANZ lifts variable rates 0.25 points from 9 October. St.George lifts variable rates 0.25 points from 9 October. Bankwest lifts variable rates 0.25 points from 9 October. ING lifts variable rates 0.25 points from 9 October. Suncorp Bank lifts variable rates 0.25 points from 9 October. HSBC lifts variable rates 0.25 points from 12 October. People First Bank lifts variable rates 0.25 points from 13 October. Bank of Us lifts variable rates 0.25 points from 15 October. Bank of Sydney lifts variable rates 0.25 points from 15 October. Macquarie lifts variable rates 0.25 points from 15 October. and Gateway Bank say they are reviewing their rates. Fixed rates rose first: 13 of 23 lenders raised them since our previous pricing.

We re-price the panel every month and after each RBA cash rate decision. We keep every run, so the history table shows how the best and middle rates have moved. The date and time of the current run is on the page.