Fixed rates · November 2026
Every lender’sfixed rates
6.49% is the cheapest 2-year, from Newcastle Permanent. The median is 6.74%.
One, two, three and five-year fixed rates for 21 lenders on the panel, owner-occupier and investor, priced on 10 November 2026 from the same tables the servicing engine uses. Headline rates, principal and interest, at 80% LVR. Fixing means the rate on settlement day, not today’s, unless you pay a rate lock; that fee is beside each lender below. The variable rates the same lenders are writing are on the rate monitor.
- Cheapest 1-year
- 6.39% Teachers Mutual
- Cheapest 2-year
- 6.49% Newcastle Permanent
- Cheapest 3-year
- 6.49% Newcastle Permanent
- Cheapest 5-year
- 6.54% People First Bank
After the 3 November rate rise
The Reserve Bank lifted the cash rate 0.25 points to 4.85% on 3 November. None of the lenders we track had changed their fixed rates when we priced them on 10 November 2026.
Variable rates follow on each lender’s own date. These have announced:
- Bendigo Bank
- +0.25 points from 11 November
- Auswide Bank
- +0.25 points from 12 November
- MyState
- +0.25 points from 12 November
- Teachers Mutual Bank
- +0.25 points from 12 November
- CommBank
- +0.25 points from 13 November
- Westpac
- +0.25 points from 13 November
- ANZ
- +0.25 points from 13 November
- NAB
- +0.25 points from 13 November
- St.George
- +0.25 points from 13 November
- Bankwest
- +0.25 points from 13 November
- ING
- +0.25 points from 13 November
- Resimac
- +0.25 points from 13 November
- HSBC
- +0.25 points from 16 November
- Macquarie
- +0.25 points from 19 November
Owner-occupier, 80% LVR, principal and interest
Every lender by term, sorted on the 2-year rate. The last column is the lender’s rate-lock fee, where it publishes one.
| Lender | 1 yr | 2 yr | 3 yr | 5 yr | Rate lock |
|---|---|---|---|---|---|
| Newcastle Permanent | 6.49% | 6.49% | 6.49% | 6.59% | — |
| People First Bank | 6.49% | 6.54% | 6.54% | 6.54% | — |
| Bank of Us | 6.59% | 6.59% | 6.64% | 6.94% | — |
| Bendigo Bank | 6.59% | 6.59% | 6.69% | 6.79% | Free, applied automatically |
| AMP | 6.64% | 6.64% | 6.69% | 6.79% | 0.15% of the fixed loan |
| Macquarie | 6.54% | 6.64% | 6.64% | 6.69% | Not published |
| Auswide Bank | 6.69% | 6.69% | 6.74% | 7.04% | — |
| ING | 6.74% | 6.69% | 6.84% | 6.94% | $749 |
| MyState | 6.69% | 6.69% | 6.74% | 7.04% | — |
| ANZ | 6.69% | 6.74% | 6.89% | 6.94% | $750 per $1m of the loan |
| HSBC | 6.74% | 6.74% | 6.79% | 6.99% | — |
| Teachers Mutual | 6.39% | 6.74% | 6.84% | 7.04% | — |
| Ubank | 6.74% | 6.79% | 6.84% | 6.99% | $500 |
| Bankwest | 6.69% | 6.79% | 6.89% | 6.99% | Not published |
| ME Bank | 6.89% | 6.79% | 6.84% | 6.99% | $750 |
| NAB | 6.79% | 6.81% | 6.92% | 6.94% | 0.15% of the approved limit |
| Commonwealth | 6.78% | 6.82% | 6.89% | 6.94% | $750 |
| St. George | 6.84% | 6.84% | 7.04% | 7.24% | 0.15% of the loan, minimum $500, capped at $1,000 up to $2m |
| Westpac | 6.84% | 6.84% | 7.04% | 7.24% | 0.10% of the loan |
| Firstmac | 7.24% | 7.24% | 7.24% | 7.54% | — |
| Bank of Sydney | 7.29% | 7.29% | — | — | — |
| Gateway | — | — | — | 7.09% | — |
Green row is the cheapest 2-year. Lender names link to our page on that lender where there is one. Headline rates as at 10 November 2026; a dash means the lender is not priced on that term. The rate-lock column is from each lender’s own fee schedule, read on the rate lock page.
Investor, 80% LVR, principal and interest
Investment fixed rates run higher. Cheapest by term: 1-year 6.54% (Teachers Mutual), 2-year 6.59% (Newcastle Permanent), 3-year 6.59% (Newcastle Permanent), 5-year 6.69% (Newcastle Permanent).
| Lender | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| Newcastle Permanent | 6.59% | 6.59% | 6.59% | 6.69% |
| Teachers Mutual | 6.54% | 6.69% | 6.79% | 7.04% |
| AMP | 6.74% | 6.74% | 6.79% | 6.89% |
| Bendigo Bank | 6.74% | 6.74% | 6.84% | 6.94% |
| People First Bank | 6.69% | 6.74% | 6.74% | 6.74% |
| Bank of Us | 6.79% | 6.79% | 6.84% | 7.14% |
| ING | 6.79% | 6.79% | 6.84% | 6.99% |
| Macquarie | 6.69% | 6.79% | 6.79% | 6.84% |
| Ubank | 6.79% | 6.84% | 6.89% | 7.04% |
| ANZ | 6.84% | 6.84% | 6.89% | 7.04% |
| Commonwealth | 6.84% | 6.87% | 6.91% | 6.99% |
| Auswide Bank | 6.84% | 6.89% | 6.94% | 7.14% |
| HSBC | 6.89% | 6.89% | 6.94% | 7.14% |
| MyState | 6.84% | 6.89% | 6.94% | 7.14% |
| NAB | 6.84% | 6.89% | 6.97% | 6.99% |
| ME Bank | 7.04% | 6.94% | 6.99% | 7.14% |
| St. George | 6.94% | 6.94% | 7.19% | 7.44% |
| Westpac | 6.94% | 6.94% | 7.19% | 7.44% |
| Bankwest | 6.89% | 6.99% | 7.09% | 7.19% |
| Gateway | 7.04% | 6.99% | 7.14% | 7.59% |
| Bank of Sydney | 7.39% | 7.39% | — | — |
| Firstmac | 7.44% | 7.44% | 7.44% | 7.74% |
What the spread between terms is telling you
Lenders price each fixed term off the wholesale rate for that period, so the shape of the table is a forecast. When the 5-year rate sits below the 1-year, the market expects cuts and lenders are paying you to lock in for longer. When it sits above, they expect rises and want compensating for it. As at 10 November 2026 the cheapest terms run 6.39% at 1 year, 6.49% at 2 years, 6.49% at 3 years, 6.54% at 5 years.
On a $600,000 loan over 30 years the difference between the cheapest and the median 2-year rate is $100 a month, and between the cheapest and the highest $321. What that comes to at your balance is on the repayments pages, and whether a fixed rate beats the variable rates the same lenders are writing is on the rate monitor.
Two costs sit outside the rate. The rate-lock fee, if you want today’s rate rather than settlement day’s, is on the rate lock page for every lender. And leaving a fixed loan before the term ends means a break cost, which can be thousands; each lender’s process for quoting one is on its discharge page.
Questions
What is the cheapest fixed home loan rate in Australia right now?
As at 10 November 2026, the cheapest fixed rate on the panel for an owner-occupier at 80% LVR is 6.39% for 1 year, from Teachers Mutual. By term: 1-year 6.39% (Teachers Mutual), 2-year 6.49% (Newcastle Permanent), 3-year 6.49% (Newcastle Permanent), 5-year 6.54% (People First Bank). These are headline rates for principal-and-interest loans, not comparison rates, and they move; the date on this page is the date they were read.
What are CBA's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.78%, 2-year 6.82%, 3-year 6.89%, 5-year 6.94%. On the 2-year term that is above the panel median of 6.74%. The full table by LVR and for investors is on the CBA fixed rates page.
What are Westpac's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.84%, 2-year 6.84%, 3-year 7.04%, 5-year 7.24%. On the 2-year term that is above the panel median of 6.74%. The full table by LVR and for investors is on the Westpac fixed rates page.
What are ANZ's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.69%, 2-year 6.74%, 3-year 6.89%, 5-year 6.94%. On the 2-year term that is at the panel median of 6.74%. The full table by LVR and for investors is on the ANZ fixed rates page.
What are NAB's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.79%, 2-year 6.81%, 3-year 6.92%, 5-year 6.94%. On the 2-year term that is above the panel median of 6.74%. The full table by LVR and for investors is on the NAB fixed rates page.
What are Bankwest's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.69%, 2-year 6.79%, 3-year 6.89%, 5-year 6.99%. On the 2-year term that is above the panel median of 6.74%. The full table by LVR and for investors is on the Bankwest fixed rates page.
What are Macquarie's fixed rates?
For an owner-occupier at 80% LVR, paying principal and interest, as at 10 November 2026: 1-year 6.54%, 2-year 6.64%, 3-year 6.64%, 5-year 6.69%. On the 2-year term that is below the panel median of 6.74%. The full table by LVR and for investors is on the Macquarie fixed rates page.
Is a fixed rate a comparison rate?
No. The rates here are headline rates: the interest rate on the fixed term itself. A comparison rate folds in the lender's fees over a 25-year, $150,000 loan and is usually a little higher. Two lenders with the same headline rate can have different comparison rates because one charges a package fee and the other doesn't. Use the headline to shortlist and the comparison rate to decide.
Do I get the rate I see today, or the rate on settlement day?
The rate on the day the loan settles, unless you pay a rate lock. A purchase can take three months to settle and fixed rates move in between. Every lender's rate lock fee and lock period is on the rate lock page, and most of them appear beside the lender in the table above.
Should I fix for 1, 2, 3 or 5 years?
The panel prices the terms differently, which tells you what lenders expect. As at 10 November 2026 the cheapest 1-year is 6.39%, 2-year 6.49%, 3-year 6.49% and 5-year 6.54%. When longer terms are cheaper, lenders expect rates to fall and are paying you to lock in; when they are dearer, the reverse. The other half of the decision is break costs: leaving a fixed loan early can cost thousands, and every lender's process for quoting them is on its discharge page.
Priced 10 November 2026, re-priced monthly and after each RBA decision, from the dated lender tables the servicing engine prices from. Headline rates for principal-and-interest loans at 80% LVR on a $650,000 loan; not comparison rates. The rate you are offered depends on your loan, your LVR and the lender’s assessment.
Thinking of fixing?
A broker at 1st Street sees every lender’s fixed rates the day they change, and which packages waive the lock fee.
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