The Mac home loan rates
28 advertised rate lines across 28 products, published by The Mac under the Consumer Data Right. Read yesterday. No lender pays to be listed.
Where it sits
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.
Owner-occupied, principal and interest
| Product | Type | LVR | Rate | Comparison |
|---|---|---|---|---|
| 2 YEAR DISCOUNTED BASIC VARIABLE LOAN OWNER OCCUPIED P&I | discount | — | 5.92% | 7.57% |
| MORTGAGE 1YR FIXED OWNER OCCUPIED P&I | fixed 1y | — | 6.29% | 7.81% |
| MORTGAGE 2YR FIXED OWNER OCCUPIED P&I | fixed 2y | — | 6.39% | 7.67% |
| MORTGAGE 3YR FIXED OWNER OCCUPIED P&I | fixed 3y | — | 6.39% | 7.53% |
| LOW LVR OOC P&I | variable | — | 6.74% | 6.81% |
| BASIC VARIABLE LOAN OWNER OCCUPIED P&I >750K | variable | — | 7.62% | 7.69% |
| BASIC VARIABLE LOAN OWNER OCCUPIED P&I 500K TO 750K | variable | — | 7.72% | 7.79% |
| BASIC VARIABLE LOAN OWNER OCCUPIED P&I 250K TO 500K | variable | — | 7.82% | 7.89% |
| BASIC VARIABLE LOAN OWNER OCCUPIED P&I | variable | — | 7.92% | 7.99% |
| MORTGAGE OFFSET OWNER OCCUPIED P&I | variable | — | 7.92% | 7.99% |
Investment, principal and interest
| Product | Type | LVR | Rate | Comparison |
|---|---|---|---|---|
| MORTGAGE 1YR FIXED INVESTOR P&I | fixed 1y | — | 6.59% | 7.84% |
| MORTGAGE 2YR FIXED INVESTOR P&I | fixed 2y | — | 6.59% | 7.71% |
| MORTGAGE 3YR FIXED INVESTOR P&I | fixed 3y | — | 6.59% | 7.59% |
| LOW LVR INV P&I HOME LOAN | variable | — | 7.04% | 7.11% |
| BASIC VARIABLE LOAN INVESTOR P&I | variable | — | 7.92% | 7.99% |
| MORTGAGE OFFSET INVESTOR PI | variable | — | 7.92% | 7.99% |
Investment, interest only
| Product | Type | LVR | Rate | Comparison |
|---|---|---|---|---|
| MORTGAGE 1YR FIXED INV IO | fixed 1y | — | 6.79% | 7.86% |
| MORTGAGE 2YR FIXED INVESTOR IO | fixed 2y | — | 6.79% | 7.75% |
| MORTGAGE 3YR FIXED INVESTOR IO | fixed 3y | — | 6.79% | 7.65% |
| LOW LVR INV IO HOME LOAN | variable | — | 7.24% | 7.13% |
| BASIC VARIABLE LOAN INVESTOR IO | variable | — | 8.12% | 8.01% |
| MORTGAGE OFFSET INVESTOR IO | variable | — | 8.12% | 8.01% |
Left out of the figures above
| Product | Why it is out | Rate |
|---|---|---|
| FIRST HOME BUYERS OWNER OCCUPIED P&I | Eligibility | 5.92% |
| GOVT LOW DEP VARIABLE OOC PI | Scheme | 5.92% |
| GOVT LOW DEP 1YR FIXED OOC PI | Scheme | 6.29% |
| GOVT LOW DEP 2YR FIXED OOC PI | Scheme | 6.39% |
| GOVT LOW DEP 3YR FIXED OOC PI | Scheme | 6.39% |
| BRIDGING LOAN | Eligibility | 8.62% |
What changed
The Mac last moved a rate line on Wednesday 2 September. Every line is read each morning and has come back the same since.
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 The Mac told you, it is usually one of these.
The published data is wrong
The Mac 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: The Mac ABN: 83087650244 Product Reference Data endpoint: https://onlinebanking.themaccu.com.au/OpenBanking Data read from that endpoint on: Saturday 12 September Rate lines published at that time: 28 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.
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.