Great Southern Bank home loan rates

Where it sits

6.50% Great Southern Bank, lowest open

5.84% The benchmark

0.66pp higher

The benchmark is the rate at which a third distinct lender appears in the sorted list. It is not the lowest rate anyone publishes. Anchoring on the lowest would put a green loan or a veterans' rate under the whole market, and name a difference nobody can capture.

Both figures are advertised rates for a new customer. The discount a broker negotiates is published nowhere and is not in either number. Read your own rate against this.

Owner-occupied, principal and interest

Product	Type	LVR	Rate	Comparison
1 year Fixed Rate OO P&I	fixed 1y	0–95%	6.50–6.60%	7.90–7.91%
2 year Fixed Rate OO P&I	fixed 2y	0–95%	6.50–6.60%	7.75–7.77%
3 year Fixed Rate OO P&I	fixed 3y	0–95%	6.50–6.60%	7.62–7.64%
5 year Fixed Rate OO P&I	fixed 5y	0–95%	6.55–6.65%	7.41–7.45%

Where a rate is shown as a range, Great Southern Bank published more than one under conditions it stated identically — same product, same term, same band, same loan size. Nothing published says which of them applies, so this does not guess.

Owner-occupied, interest only

Product	Type	LVR	Rate	Comparison
Offset Variable OO IO	discount	70.01–80%	0.05%	—
Offset Variable OO IO	discount	80.01–90%	0.05%	—
Offset Variable OO IO	discount	0–70%	0.05%	—
Basic Variable OO IO	discount	80.01–90%	0.05%	—
Basic Variable OO IO	discount	70.01–80%	0.05%	—
Basic Variable OO IO	discount	0–70%	0.05%	—
Basic Variable OO IO	discount	80.01–90%	0.96–1.06%	—
Offset Variable OO IO	discount	80.01–90%	1.11–1.21%	—
Offset Variable OO IO	discount	70.01–80%	1.36–1.46%	—
Basic Variable OO IO	discount	70.01–80%	1.46–1.56%	—
Offset Variable OO IO	discount	0–70%	1.76–1.86%	—
Basic Variable OO IO	discount	0–70%	1.91–2.01%	—
1 year Fixed Rate OO IO	fixed 1y	0–90%	7.00–7.10%	7.95–7.97%
2 year Fixed Rate OO IO	fixed 2y	0–90%	7.00–7.10%	7.85–7.87%
3 year Fixed Rate OO IO	fixed 3y	0–90%	7.00–7.10%	7.76–7.79%
Basic Variable OO IO	variable	80.01–90%	8.50%	6.79–6.89%
Basic Variable OO IO	variable	70.01–80%	8.50%	6.50–6.60%
Basic Variable OO IO	variable	0–70%	8.50%	6.23–6.33%
Offset Variable OO IO	variable	80.01–90%	8.70%	6.91–7.02%
Offset Variable OO IO	variable	0–70%	8.70%	6.40–6.50%
Offset Variable OO IO	variable	70.01–80%	8.70%	6.63–6.73%

Investment, principal and interest

Product	Type	LVR	Rate	Comparison
1 year Fixed Rate INV P&I	fixed 1y	0–90%	6.70–6.80%	8.30–8.31%
2 year Fixed Rate INV P&I	fixed 2y	0–90%	6.70–6.80%	8.13–8.15%
3 year Fixed Rate INV P&I	fixed 3y	0–90%	6.70–6.80%	7.97–8.00%
5 year Fixed Rate INV P&I	fixed 5y	0–90%	6.75–6.85%	7.73–7.77%

Investment, interest only

Product	Type	LVR	Rate	Comparison
Offset Variable Investment IO	discount	70.01–80%	0.05%	—
Offset Variable Investment IO	discount	80.01–90%	0.05%	—
Offset Variable Investment IO	discount	0–70%	0.05%	—
Basic Variable Investment IO	discount	80.01–90%	0.05%	—
Basic Variable Investment IO	discount	70.01–80%	0.05%	—
Basic Variable Investment IO	discount	0–70%	0.05%	—
Offset Variable Investment Construction	discount	70.01–80%	0.05%	—
Offset Variable Investment Construction	discount	80.01–90%	0.05%	—
Offset Variable Investment Construction	discount	0–70%	0.05%	—
Basic Variable Investment Construction	discount	80.01–90%	0.05%	—
Basic Variable Investment Construction	discount	70.01–80%	0.05%	—
Basic Variable Investment Construction	discount	0–70%	0.05%	—
Basic Variable Investment IO	discount	80.01–90%	1.64–1.74%	—
Offset Variable Investment IO	discount	80.01–90%	1.74–1.84%	—
Basic Variable Investment Construction	discount	80.01–90%	1.79–1.89%	—
Offset Variable Investment Construction	discount	80.01–90%	1.89–1.99%	—
Basic Variable Investment IO	discount	70.01–80%	2.04–2.14%	—
Basic Variable Investment Construction	discount	70.01–80%	2.04–2.14%	—
Offset Variable Investment IO	discount	70.01–80%	2.14–2.24%	—
Offset Variable Investment Construction	discount	70.01–80%	2.19–2.29%	—
Basic Variable Investment Construction	discount	0–70%	2.19–2.29%	—
Basic Variable Investment IO	discount	0–70%	2.24–2.34%	—
Offset Variable Investment Construction	discount	0–70%	2.28–2.38%	—
Offset Variable Investment IO	discount	0–70%	2.34–2.44%	—
5year Fixed Rate INV IO	fixed 5y	0–90%	6.90–7.00%	7.79–7.84%
1 year Fixed Rate INV IO	fixed 1y	0–90%	7.00–7.10%	8.33–8.35%
2 year Fixed Rate INV IO	fixed 2y	0–90%	7.00–7.10%	8.19–8.21%
3 year Fixed Rate INV IO	fixed 3y	0–90%	7.00–7.10%	8.06–8.09%
Basic Variable Investment Construction	variable	80.01–90%	8.53%	6.70–6.80%
Basic Variable Investment Construction	variable	70.01–80%	8.53%	6.45–6.55%
Basic Variable Investment Construction	variable	0–70%	8.53%	6.30–6.40%
Offset Variable Investment Construction	variable	80.01–90%	8.73%	6.80–6.90%
Offset Variable Investment Construction	variable	0–70%	8.73%	6.41–6.51%
Offset Variable Investment Construction	variable	70.01–80%	8.73%	6.50–6.60%
Basic Variable Investment IO	variable	80.01–90%	8.78%	6.88–6.98%
Basic Variable Investment IO	variable	70.01–80%	8.78%	6.56–6.66%
Basic Variable Investment IO	variable	0–70%	8.78%	6.39–6.49%
Offset Variable Investment IO	variable	80.01–90%	8.98%	6.98–7.08%
Offset Variable Investment IO	variable	0–70%	8.98%	6.49–6.59%
Offset Variable Investment IO	variable	70.01–80%	8.98%	6.63–6.73%

Left out of the figures above

Product	Why it is out	Rate
Offset Variable OO P&I	Eligibility	0.05%
Basic Variable OO P&I	Eligibility	0.05%
Offset Variable Investment P&I	Eligibility	0.05%
Basic Variable Investment P&I	Eligibility	0.05%
Offset Variable OO Construction	Eligibility	0.05%
Basic Variable OO Construction	Eligibility	0.05%
Bridging Loan OO	Eligibility	9.81%
Bridging Loan INV	Eligibility	9.81%

The data says a product is restricted. It never says whether you qualify. On the comparison every one of these can be put back with a click, and every figure is worked out again.

What changed

Great Southern Bank last moved a rate line on Thursday 10 September. Every line is read each morning and has come back the same since.

Every lender that publishes rates, and every rate move since capture began.

Does this look wrong? or could it be better

Two different things go wrong here and they are fixed in different places. If a rate on this page does not match what Great Southern Bank told you, it is usually one of these.

The published data is wrong

Great Southern Bank publishes these rates itself, under the Consumer Data Right. Nobody here types them in and nothing here can correct them at the source — if the feed is wrong, every comparison site reading it is wrong in the same way. Reports about a data holder's feed go to the Consumer Data Right, and published-data quality is on the ACCC's enforcement list.

Everything identifying the feed is filled in below. The one part left is what you saw.

Consumer Data Right — Product Reference Data quality

Data holder brand: Great Southern Bank
ABN: 44087650959
Product Reference Data endpoint: https://api.open-banking.greatsouthernbank.com.au
Data read from that endpoint on: Saturday 12 September
Rate lines published at that time: 218

What appears to be wrong:
[describe what you checked, and what the published data says]

This data is published under the Product Reference Data standard and is
available publicly, without authentication or a consumer consent.

Open the report form ↗

The form is run by the Consumer Data Right, not by this site. Nothing you type here is sent anywhere — the text above is yours to copy.

This page reads it wrongly

The rate is published correctly and this page has misread it: a band shown against the wrong loan type, a fee counted twice, a product that should be marked restricted and is not. That one is mine. Tell me and I will fix it, and say which lender so I can find the row.

Something is missing

A figure this page should show and does not, or a lender that should be here and is not. Same place. The data behind every page here is free to download if you would rather check it yourself first.

Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. What this site collects.

Building something with this? There is an API, and the data is free.

Found in the data: what lenders charge above 80% and the rate a fixed loan resets to.