Westpac · fixed rates · September 2026
Ranked 14 of 22 on the panel.
Westpac’s fixed rates for an owner-occupier at 80% LVR, principal and interest, as at 12 September 2026: 6.54% for 1 year, 6.44% for 2 years, 6.64% for 3 years, 6.79% for 5 years. The cheapest 2-year on the panel is 6.19% from Macquarie and the median is 6.42%. Locking the rate costs 0.10% of the loan for 90 days. Headline rates from the panel tables, not comparison rates.
What Westpac charges depending on how much of the property you are borrowing, principal and interest.
| LVR | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| up to 60% | 6.44% #13 | 6.34% #13 | 6.54% #17 | 6.69% #11 |
| up to 70% | 6.44% #13 | 6.34% #13 | 6.54% #17 | 6.69% #11 |
| up to 80% | 6.54% #19 | 6.44% #14 | 6.64% #19 | 6.79% #16 |
| up to 90% | 6.84% #18 | 6.74% #17 | 6.94% #18 | 7.09% #18 |
| up to 95% | 6.84% #10 | 6.74% #8 | 6.94% #9 | 7.09% #11 |
The small number is Westpac’s rank among the panel lenders priced on that band, 1 being cheapest. Green row is the 80% tier the headline figures use.
The same grid for investment loans, which every lender prices higher.
| LVR | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| up to 60% | 6.54% #14 | 6.44% #13 | 6.64% #16 | 6.84% #13 |
| up to 70% | 6.54% #14 | 6.44% #12 | 6.64% #16 | 6.84% #13 |
| up to 80% | 6.64% #15 | 6.54% #14 | 6.74% #16 | 6.94% #14 |
| up to 90% | 6.94% #17 | 6.84% #12 | 7.04% #17 | 7.24% #18 |
| up to 95% | — | — | — | — |
The small number is Westpac’s rank among the panel lenders priced on that band, 1 being cheapest. Green row is the 80% tier the headline figures use.
On a $600,000 loan over 30 years, Westpac’s 2-year rate is $3,769 a month, against $3,671 at the cheapest on the panel: a gap of $98 a month, or about $2,352 over the term. 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.
Fixed-rate pages for the lenders people search by name.
For an owner-occupier at 80% LVR paying principal and interest, as at 12 September 2026: 1-year 6.54% (ranked 19 of 22 on the panel), 2-year 6.44% (ranked 14 of 22 on the panel), 3-year 6.64% (ranked 19 of 21 on the panel), 5-year 6.79% (ranked 16 of 22 on the panel). Headline rates, not comparison rates. The table on this page has every LVR tier and the investor rates.
On the 2-year term Westpac is 6.44% against a panel median of 6.42% and a cheapest of 6.19% from Macquarie, so it ranks 14 of 22. On a $600,000 loan over 30 years the gap to the cheapest is $98 a month. More than half the panel is cheaper on this term.
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.
The 2-year, at 6.44% for an owner-occupier at 80% LVR. Westpac's terms run 1-year 6.54%, 2-year 6.44%, 3-year 6.64%, 5-year 6.79%. When the longer terms are cheaper the lender expects rates to fall; when they are dearer it expects rises.
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, 8am to 8pm seven days, or request a callback online. Quotes are free and Westpac holds them for five business days, which is longer than most. Detail on the Westpac discharge page.
Priced 12 September 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 on a $650,000 loan; not comparison rates, and the rate you are offered depends on your loan and Westpac’s assessment. 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 whether Westpac’s package waives the lock fee, and which lender beats it on your LVR.