Westpac · fixed rates · November 2026
Westpac fixed rates6.84% for 2 years
17 of 21 lenders are cheaper. Newcastle Permanent’s 6.49% is $140 a month less on $600,000.
Westpac’s rates for a home you live in with a 20% deposit, checked 10 November 2026. Investing? The 2-year investor rate is 6.94%; interest-only isn’t listed here.
Ask who beats 6.84% on your loanWho beats 6.84%?ArthrOpens a chat with your question filled in; nothing is sent until you press send. The broker is 1st Street Pty Ltd, Credit Representative 490057 under Australian Credit Licence 389328.
- 1-year fixed
- 6.84%16 of 21 cheaper
- 2-year fixed
- 6.84%17 of 21 cheaper
- 3-year fixed
- 7.04%17 of 20 cheaper
- 5-year fixed
- 7.24%18 of 21 cheaper
The Reserve Bank lifted the cash rate 0.25 points to 4.85% on 3 November. Westpac had not changed its fixed rates when we priced them on 10 November 2026. It is lifting variable rates by 0.25 points from 13 November (Westpac’s announcement).
Which one are you?
The same rates, read for the four reasons people look them up.
Your Westpac fixed term is ending
When it ends the loan rolls onto a variable rate unless you re-fix. Westpac’s rate for a new 2-year fix is 6.84%, and Newcastle Permanent is at 6.49%. Ask Westpac what it will re-fix you at and compare it with that. There’s no break cost once the term has ended.
You’re buying an investment property
Westpac’s 2-year investor rate is 6.94% with a 20% deposit, principal and interest; 15 of 22 lenders are cheaper. Interest-only rates aren’t on this page. Every investor rate.
Your deposit is under 20%
With a 10% deposit the 2-year is 7.14%, and 11 of 19 lenders are cheaper. Lenders mortgage insurance, a one-off cost that protects the lender, usually applies below 20%, though some lenders waive it for doctors, lawyers and other professions.
You’re buying and settling soon
The rate you get is the one on settlement day unless you lock it. Locking the rate holds it for 90 days and costs 0.10% of the loan. How the Westpac rate lock works.
Every rate, for a home you live in
By deposit and term, principal and interest. The small number is where Westpac ranks on that rate: #1 is the cheapest, and lenders on the same rate share a place.
| Deposit | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| 40% deposit (60% LVR) | 6.74% #14 | 6.74% #12 | 6.94% #19 | 7.14% #19 |
| 30% deposit (70% LVR) | 6.74% #13 | 6.74% #11 | 6.94% #19 | 7.14% #19 |
| 20% deposit (80% LVR) | 6.84% #17 | 6.84% #18 | 7.04% #18 | 7.24% #19 |
| 10% deposit (90% LVR) | 7.14% #13 | 7.14% #12 | 7.34% #16 | 7.54% #18 |
| 5% deposit (95% LVR) | 7.14% #9 | 7.14% #9 | 7.34% #10 | 7.54% #13 |
The underlined row, a 20% deposit, is the one the figures at the top use.
Every rate, for an investment property
The same table for investment loans, principal and interest. Investor rates are usually higher, though not on every row.
| Deposit | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| 40% deposit (60% LVR) | 6.84% #10 | 6.84% #9 | 7.09% #17 | 7.34% #18 |
| 30% deposit (70% LVR) | 6.84% #10 | 6.84% #9 | 7.09% #17 | 7.34% #18 |
| 20% deposit (80% LVR) | 6.94% #17 | 6.94% #16 | 7.19% #19 | 7.44% #18 |
| 10% deposit (90% LVR) | 7.24% #14 | 7.24% #14 | 7.49% #19 | 7.74% #18 |
| 5% deposit (95% LVR) | — | — | — | — |
Ranks are among the lenders that price each investor rate, so the count can differ from the owner-occupier table.
What the rate costs, and what the lock costs
On a $600,000 loan over 30 years, Westpac’s 2-year rate is $3,928 a month, against $3,788 at the cheapest lender: a gap of $140 a month, or about $3,360 over the 2-year fix. What that comes to at your balance is on the repayments pages, and how Westpac’s variable rates compare is on the rate monitor.
The rate above is the rate on the day the loan settles unless you lock it. Westpac’s Rate Lock is 0.10% of the loan, holding the rate for 90 days; $600 on this loan. Against it, a quarter-point rise before settlement costs about $3,000 over a 2-year term. Detail and the lender’s own wording on the Westpac rate lock page.
Leaving before the term ends means a break cost. How Westpac quotes it, and the discharge form when you go, is on the Westpac discharge page.
Other lenders
Fixed-rate pages for the lenders people search by name.
Questions
What are Westpac's fixed home loan rates right now?
For an owner-occupier at 80% LVR paying principal and interest, as at 10 November 2026: 1-year 6.84% (16 of 21 cheaper), 2-year 6.84% (17 of 21 cheaper), 3-year 7.04% (17 of 20 cheaper), 5-year 7.24% (18 of 21 cheaper). Not comparison rates. The tables on this page have every deposit size and the investor rates.
Is Westpac's fixed rate competitive?
On the 2-year term Westpac is 6.84%, against a middle rate of 6.74% and a cheapest of 6.49% from Newcastle Permanent; 17 of the 21 lenders we track are cheaper. On a $600,000 loan over 30 years the gap to the cheapest is $140 a month. More than half the lenders we track are cheaper on this term.
How much is the Westpac rate lock fee?
0.10% of the loan, holding the rate for 90 days. On a $600,000 loan that is $600. The fixed rate current when the lock is taken, before settlement, held for up to 90 days. Full detail on the Westpac rate lock page.
Which Westpac fixed term is cheapest?
The 1-year and 2-year are level, at 6.84% with a 20% deposit. Westpac's terms run 1-year 6.84%, 2-year 6.84%, 3-year 7.04%, 5-year 7.24%.
What does it cost to break a Westpac fixed rate?
There is no set figure. Westpac calls it "break cost" and works it out on the day from the move in wholesale rates since you fixed. To get a quote: call 132 558 or request a callback online. Westpac holds the quote for five business days. Detail on the Westpac discharge page.
Checked 10 November 2026, and again each month and after each RBA decision, from the dated lender rate tables 1st Street’s brokers price loans from. Rates for principal-and-interest loans, priced at a $650,000 loan; the monthly figures use $600,000. Not comparison rates, and the rate you are offered depends on your loan and Westpac’s assessment.
Fixing with Westpac?
A broker at 1st Street can tell you which lender beats 6.84% at your deposit and loan size, and what to ask Westpac before you re-fix.
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