Rate monitor
The best rate on the panel is 5.88%. The middle lender charges 6.49%.
These are the 33 lenders 1st Street works with, priced 21 August 2026 on comparison rates, one product each. Find your rate in the table below. It shows how many lenders are cheaper and what the gap costs you. We keep every run, so the history shows which way rates are moving.
Find your rate. See how many lenders beat it, and what the gap costs on a $600,000 loan over 30 years.
| Your rate | Verdict | Lenders cheaper | Monthly on $600k | Gap to best, a month | Gap a year |
|---|---|---|---|---|---|
| 4.5% | Best available | 0 of 33 | $3,040 | — | — |
| 4.75% | Best available | 0 of 33 | $3,130 | — | — |
| 5.0% | Best available | 0 of 33 | $3,221 | — | — |
| 5.25% | Best available | 0 of 33 | $3,313 | — | — |
| 5.5% | Best available | 0 of 33 | $3,407 | — | — |
| 5.64% | Best available | 0 of 33 | $3,460 | — | — |
| 5.74% | Best available | 0 of 33 | $3,498 | — | — |
| 5.75% | Best available | 0 of 33 | $3,501 | — | — |
| 6.0% | Good | 1 of 33 | $3,597 | $46 | $552 |
| 6.14% | Good | 2 of 33 | $3,651 | $100 | $1,200 |
| 6.19% | Good | 3 of 33 | $3,671 | $120 | $1,440 |
| 6.25% | Good | 5 of 33 | $3,694 | $143 | $1,716 |
| 6.5% | High | 17 of 33 | $3,792 | $241 | $2,892 |
| 6.75% | High | 28 of 33 | $3,892 | $341 | $4,092 |
| 7.0% | High | 32 of 33 | $3,992 | $441 | $5,292 |
| 7.25% | High | 32 of 33 | $4,093 | $542 | $6,504 |
| 7.5% | High | 33 of 33 | $4,195 | $644 | $7,728 |
“Good” means fewer than a quarter of lenders are cheaper. “Average” means you are below the middle. “High” means more than half the lenders are cheaper. All figures are principal and interest. Other loan sizes are on the repayments pages.
Comparison rate, lowest first. The green row is the best.
| Lender | Comparison rate | Above the best | Monthly on $600k |
|---|---|---|---|
| People First Bank | 5.88% | — | $3,551 |
| Suncorp Bank | 6.13% | +0.25 | $3,648 |
| MyState | 6.18% | +0.30 | $3,667 |
| ANZ | 6.19% | +0.31 | $3,671 |
| OwnHome | 6.24% | +0.36 | $3,690 |
| Gateway | 6.26% | +0.38 | $3,698 |
| Teachers Mutual | 6.28% | +0.40 | $3,706 |
| Macquarie | 6.29% | +0.41 | $3,710 |
| Bank of Us | 6.29% | +0.41 | $3,710 |
| Bendigo Bank | 6.32% | +0.44 | $3,722 |
| ubank | 6.34% | +0.46 | $3,729 |
| NAB | 6.36% | +0.48 | $3,737 |
| ME Bank | 6.41% | +0.53 | $3,757 |
| Auswide Bank | 6.43% | +0.55 | $3,765 |
| ING | 6.44% | +0.56 | $3,769 |
| Bank of Sydney | 6.44% | +0.56 | $3,769 |
| Newcastle Permanent | 6.49% | +0.61 | $3,788 |
| St.George | 6.50% | +0.62 | $3,792 |
| HSBC | 6.51% | +0.63 | $3,796 |
| Firstmac | 6.51% | +0.63 | $3,796 |
| CommBank | 6.52% | +0.64 | $3,800 |
| Westpac | 6.52% | +0.64 | $3,800 |
| Bankwest | 6.57% | +0.69 | $3,820 |
| AMP | 6.63% | +0.75 | $3,844 |
| MA Money | 6.67% | +0.79 | $3,860 |
| Brighten | 6.68% | +0.80 | $3,864 |
| Resimac | 6.69% | +0.81 | $3,868 |
| La Trobe Financial | 6.69% | +0.81 | $3,868 |
| Bluestone | 6.81% | +0.93 | $3,916 |
| Assetline Capital | 6.90% | +1.02 | $3,952 |
| Pepper Money | 6.92% | +1.04 | $3,960 |
| Thinktank | 6.96% | +1.08 | $3,976 |
| RedZed | 7.26% | +1.38 | $4,097 |
One product per lender, for an owner-occupied loan at 56% LVR. The comparison rate is worked out on the standard $150,000 over 25 years, using each product’s fees. A lender’s own published figure may differ.
One row for each time we priced the panel.
| Priced | Best | Middle | Highest | Under 6% | Lenders |
|---|---|---|---|---|---|
| 21 Aug 2026 | 5.88% · People First Bank | 6.49% | 7.26% | 1 of 33 | 33 |
The monitor started 21 Aug 2026. The next run adds a row.
Borrow more than 80% of the price and you pay LMI once, and a higher rate while you stay above 80%. These are the higher rates.
With a 10% deposit, the best variable rate on the panel is 6.09% and the middle rate is 6.49%. That is about 0.30 points more than the same lenders charge at 80%. With a 5% deposit it is 6.39% and 7.02%, about 0.80 points more. The lender matters more than the step. At 90%, Bendigo Bank adds 0.06 and Pepper Money adds 1.20. On $800,000 the usual step is about $157 a month. Most people take about five years to get back under 80%. That is $9,420 in extra interest, about the same as the LMI itself. Below 80%, a bigger deposit barely changes the rate. 60% and 70% LVR cost almost the same as 80%.
| LVR | Deposit | Best | Middle | Highest | Step from 80% |
|---|---|---|---|---|---|
| 60% | 40% | 5.49% · People First Bank | 6.13% | 6.74% | -0.06 |
| 70% | 30% | 5.49% · People First Bank | 6.14% | 6.99% | -0.05 |
| 80% | 20% | 5.59% · People First Bank | 6.19% | 7.09% | — |
| 90% | 10% | 6.09% · People First Bank | 6.49% | 8.29% | +0.30 |
| 95% | 5% | 6.39% · People First Bank | 7.02% | 9.23% | +0.83 |
| Lender | At 80% | At 90% | Step | At 95% | Step |
|---|---|---|---|---|---|
| Bendigo Bank | 6.18% | 6.24% | +0.06 | 6.88% | +0.70 |
| AMP | 6.29% | 6.44% | +0.15 | 6.79% | +0.50 |
| Macquarie | 6.09% | 6.29% | +0.20 | 7.09% | +1.00 |
| ING | 6.14% | 6.34% | +0.20 | 6.69% | +0.55 |
| Bank of Sydney | 6.39% | 6.59% | +0.20 | 7.14% | +0.75 |
| Resimac | 6.49% | 6.69% | +0.20 | 6.89% | +0.40 |
| ME Bank | 6.09% | 6.34% | +0.25 | 7.14% | +1.05 |
| Bankwest | 6.24% | 6.49% | +0.25 | 6.89% | +0.65 |
| Gateway | 6.29% | 6.54% | +0.25 | 6.54% | +0.25 |
| CommBank | 6.21% | 6.49% | +0.28 | 7.74% | +1.53 |
| Auswide Bank | 6.09% | 6.39% | +0.30 | 6.89% | +0.80 |
| MyState | 6.09% | 6.39% | +0.30 | 7.39% | +1.30 |
| Bank of Us | 6.19% | 6.49% | +0.30 | 7.14% | +0.95 |
| Teachers Mutual | 6.29% | 6.59% | +0.30 | 6.94% | +0.65 |
| NAB | 6.30% | 6.65% | +0.35 | 7.87% | +1.57 |
| ANZ | 6.12% | 6.49% | +0.37 | 7.34% | +1.22 |
| Suncorp Bank | 6.18% | 6.56% | +0.38 | 9.23% | +3.05 |
| Westpac | 6.20% | 6.59% | +0.39 | 6.69% | +0.49 |
| St.George | 6.18% | 6.59% | +0.41 | 6.69% | +0.51 |
| People First Bank | 5.59% | 6.09% | +0.50 | 6.39% | +0.80 |
| Newcastle Permanent | 6.14% | 7.10% | +0.96 | 7.10% | +0.96 |
| Pepper Money | 7.09% | 8.29% | +1.20 | 8.39% | +1.30 |
Headline variable rates, owner-occupied, principal and interest, on $800,000. Each lender’s standard package product at every tier, the same product each time. 22 panel lenders, priced at all five tiers on 23 August 2026. These are headline rates, so they sit below the comparison rates above. LMI is separate and you pay it once.
Headline variable rate on a $750,000 owner-occupied loan at 80% LVR. The same ten lenders every time. The best rate moved +0.70 points.
| Lender | Nov 2025 | 1 May 2026 | 23 Aug 2026 | Change |
|---|---|---|---|---|
| Macquarie | 5.39% | 5.89% | 6.09% | +0.70 |
| ANZ | 5.43% | 5.92% | 6.12% | +0.69 |
| ING | 5.39% | 5.89% | 6.14% | +0.75 |
| St.George | 5.46% | 5.96% | 6.18% | +0.72 |
| Suncorp Bank | 5.51% | 5.97% | 6.18% | +0.67 |
| Westpac | 5.49% | 5.99% | 6.20% | +0.71 |
| CommBank | 5.53% | 6.09% | 6.21% | +0.68 |
| Bankwest | 5.49% | 5.99% | 6.24% | +0.75 |
| NAB | 5.55% | 6.05% | 6.30% | +0.75 |
| Firstmac | 5.89% | 6.39% | 6.54% | +0.65 |
| Middle of the ten | 5.49% | 5.98% | 6.19% | +0.70 |
These are headline rates, not comparison rates, so they sit below the panel table above, which includes fees. That is why we keep them as a separate list. The Nov 2025 run is dated to the month.
Ask first
Ring your lender. Say you have seen 5.88% and ask what they can do. They often have room to move. Get the new rate in writing.
Then count the switch
A discharge fee, a registration fee and, if you are on a fixed rate, break costs all come out of the saving. If the gap is a few hundred a month, they are usually covered within a year. How to discharge your current loan.
Keep your term
A new 30-year term makes the repayment smaller and the total interest bigger. Ask for the years you have left.
Anything close to 5.88%. That is the lowest comparison rate across the 33 lenders 1st Street works with, priced 21 August 2026. The middle of the panel is 6.49%. 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 33 lenders on the panel are below 5.74%. The best is 5.88%. On a $600,000 loan, the gap to the best rate is -$53 a month.
Good. 2 of 33 lenders are cheaper than 6.14%. On $600,000, that rate costs $100 a month more than the best on the panel.
On this panel the middle comparison rate is 6.49% and the average is 6.49%, priced 21 August 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 23 Aug 2026, up 0.70 points. The middle rate went from 5.49% to 6.19%. 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 6.09% and the middle rate is 6.49%. That is on an $800,000 owner-occupied loan, priced 23 August 2026. Most lenders charge about 0.30 points more at 90% than at 80%, and you pay LMI on top. With a 5% deposit the best is 6.39% and the middle is 7.02%, about 0.80 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 0.30 points more at 90% LVR, which on $800,000 is about $157 a month. It depends a lot on the lender. At 90% the step goes from 0.06 (Bendigo Bank) to 1.20 (Pepper Money).
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%.
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.
Priced 12:00 pm AEST, 21 August 2026, re-priced monthly and after each RBA decision. Comparison rates from one pricing run of the lender panel, one product per lender, for a typical household. They are a guide only. The rate you get depends on your loan and your situation. Arthr Pty Ltd provides marketing and lead-generation services only; credit assistance is provided by 1st Street Pty Ltd, Credit Representative 490057 under Australian Credit Licence 389328.
A broker at 1st Street can tell you which cheaper lenders would take you, and what it would cost to move.