[Skip to the content](#main) [RateGap](/)every home loan rate lenders publish, compared # Westpac home loan rates Westpac's lowest advertised variable rate for a home you live in and pay down is **6.24%**, if you owe up to 70% of the home’s value. It was read Monday 2 November, and is 0.39 percentage points above the going rate of 5.85% across every lender. Its lowest fixed rate is 6.74%, fixed for one year. Have a loan with Westpac? Compare your rate Loan balance ($) on your statement or in your banking app Your rate (%) not the comparison rate, which adds fees Compare my rate Since the Reserve Bank’s increase on Tuesday 29 September, Westpac has raised its lowest advertised variable rate from 5.99% to 6.24%. The change was first seen Saturday 10 October. [After the Reserve Bank’s increase](/market/after-the-rba) has every lender. 254 advertised rates across 11 products, published by Westpac under the Consumer Data Right. Last read Monday 2 November, yesterday. No lender pays to be listed. ## Where it sits 6.24% Westpac, lowest variable rate if you owe up to 70% 5.85% The going rate 0.39 percentage points above the going rate The going rate is **the lowest rate at least three lenders reach**, so one lender's odd price cannot set it. Both are advertised new-customer rates. A negotiated discount is in neither. [Read your own rate against this](/?lender=ffe2945b-e094-ea11-a831-000d3a8842e1). **Lowest variable rate, if you owe up to 70%**: 6.24% **Lowest fixed rate**: 6.74%, one year **Lowest comparison rate**: 6.25% **Rates published**: 254, across 11 products **Last rate move**: Saturday 17 October **Last read**: Monday 2 November For a home you live in and pay down. The other loan types are in the tables below. Lenders set a different rate for each LVR band, shown as how much you owe. LVR is what you owe as a share of the home's value. ## Owner-occupied, principal and interest ### Variable - Flexi First : Our lowest online variable home loan rate · owe up to 70% · **6.24–6.69%** (6.25–6.70% with fees)- Flexi First : Our lowest online variable home loan rate · owe 70–80% · **6.34–6.79%** (6.35–6.80% with fees)- Rocket Loan : Variable Home Loan with Offset · owe up to 70% · **6.64–8.98%** (7.01–9.12% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 70–80% · **6.74–9.08%** (7.11–9.22% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 80–95% · **6.79–9.38%** (7.16–9.52% with fees)- Flexi First : Our lowest online variable home loan rate · owe 80–95% · **7.09%** (7.10% with fees) ### Fixed - Fixed Rate Home Loan · one year · owe up to 70% · **6.74–6.94%** (7.02–8.88% with fees)- Fixed Rate Home Loan · two years · owe up to 70% · **6.74–6.94%** (7.03–8.67% with fees)- Fixed Rate Home Loan · one year · owe 70–80% · **6.84–7.04%** (7.12–8.98% with fees)- Fixed Rate Home Loan · two years · owe 70–80% · **6.84–7.04%** (7.13–8.77% with fees)- Fixed Rate Home Loan · three years · owe up to 70% · **6.94–7.14%** (7.10–8.55% with fees)- Fixed Rate Home Loan · three years · owe 70–80% · **7.04–7.24%** (7.20–8.65% with fees)- Fixed Rate Home Loan · four years · owe up to 70% · **7.09–7.29%** (7.18–8.45% with fees)- Fixed Rate Home Loan · one year · owe 80–95% · **7.14–7.34%** (7.42–9.28% with fees)- Fixed Rate Home Loan · two years · owe 80–95% · **7.14–7.34%** (7.43–9.07% with fees)- Fixed Rate Home Loan · five years · owe up to 70% · **7.14–7.34%** (7.24–8.35% with fees)- Fixed Rate Home Loan · four years · owe 70–80% · **7.19–7.39%** (7.28–8.55% with fees)- Fixed Rate Home Loan · five years · owe 70–80% · **7.24–7.44%** (7.34–8.45% with fees)- Fixed Rate Home Loan · three years · owe 80–95% · **7.34–7.54%** (7.50–8.94% with fees)- Fixed Rate Home Loan · four years · owe 80–95% · **7.49–7.69%** (7.58–8.85% with fees)- Fixed Rate Home Loan · five years · owe 80–95% · **7.54–7.74%** (7.63–8.74% with fees) Where a rate is shown as a range, Westpac published more than one under conditions it stated identically — same product, same term, same band, same loan size. The widest here is 2.59 percentage points. A gap that size is usually a headline rate sitting beside the discounted rate it is discounted from — but nothing published says that, or says which one you would be offered, so both are shown. [Report it if that looks wrong](#wrong). ## Owner-occupied, interest only 14 rates ### Variable - Flexi First : Our lowest online variable home loan rate · owe up to 70% · **6.93–8.39%** (5.97–7.18% with fees)- Flexi First : Our lowest online variable home loan rate · owe 70–80% · **7.03–8.49%** (6.07–7.28% with fees)- Rocket Loan : Variable Home Loan with Offset · owe up to 70% · **7.23–9.57%** (7.25–9.39% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 70–80% · **7.33–9.67%** (7.35–9.49% with fees) ### Fixed - Fixed Rate Home Loan · one year · owe up to 70% · **7.04–7.24%** (7.05–8.92% with fees)- Fixed Rate Home Loan · two years · owe up to 70% · **7.04–7.24%** (7.08–8.74% with fees)- Fixed Rate Home Loan · one year · owe 70–80% · **7.14–7.34%** (7.15–9.02% with fees)- Fixed Rate Home Loan · two years · owe 70–80% · **7.14–7.34%** (7.18–8.84% with fees)- Fixed Rate Home Loan · three years · owe up to 70% · **7.29–7.49%** (7.18–8.66% with fees)- Fixed Rate Home Loan · three years · owe 70–80% · **7.39–7.59%** (7.28–8.76% with fees)- Fixed Rate Home Loan · four years · owe up to 70% · **7.49–7.69%** (7.31–8.61% with fees)- Fixed Rate Home Loan · five years · owe up to 70% · **7.49–7.69%** (7.36–8.52% with fees)- Fixed Rate Home Loan · four years · owe 70–80% · **7.59–7.79%** (7.41–8.71% with fees)- Fixed Rate Home Loan · five years · owe 70–80% · **7.59–7.79%** (7.46–8.62% with fees) Where a rate is shown as a range, Westpac published more than one under conditions it stated identically — same product, same term, same band, same loan size. The widest here is 2.34 percentage points. A gap that size is usually a headline rate sitting beside the discounted rate it is discounted from — but nothing published says that, or says which one you would be offered, so both are shown. [Report it if that looks wrong](#wrong). No band here goes above 80% of the property's value. That means Westpac publishes none — not that it will not lend above 80%. Whether it does is not in this data. ## Investment, principal and interest 23 rates ### Variable - Flexi First : Our lowest online variable home loan rate · owe up to 70% · **6.39–6.99%** (6.40–7.00% with fees)- Flexi First : Our lowest online variable home loan rate · owe 70–80% · **6.49–7.09%** (6.50–7.10% with fees)- Rocket Loan : Variable Home Loan with Offset · owe up to 70% · **6.84–9.53%** (7.21–9.67% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 70–80% · **6.94–9.63%** (7.31–9.77% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 80–95% · **6.99–9.93%** (7.36–10.07% with fees)- Flexi First : Our lowest online variable home loan rate · owe 80–95% · **7.39%** (7.40% with fees)- Premium Options Home Loan · **9.08%**- Variable Rate Investment Property Loan · **9.63%** ### Fixed - Fixed Rate Home Loan · one year · owe up to 70% · **6.84–7.04%** (7.21–9.37% with fees)- Fixed Rate Home Loan · two years · owe up to 70% · **6.84–7.04%** (7.21–9.12% with fees)- Fixed Rate Home Loan · one year · owe 70–80% · **6.94–7.14%** (7.31–9.47% with fees)- Fixed Rate Home Loan · two years · owe 70–80% · **6.94–7.14%** (7.31–9.21% with fees)- Fixed Rate Home Loan · three years · owe up to 70% · **7.09–7.29%** (7.28–8.96% with fees)- Fixed Rate Home Loan · three years · owe 70–80% · **7.19–7.39%** (7.38–9.06% with fees)- Fixed Rate Home Loan · one year · owe 80–95% · **7.24–7.44%** (7.60–9.77% with fees)- Fixed Rate Home Loan · two years · owe 80–95% · **7.24–7.44%** (7.60–9.51% with fees)- Fixed Rate Home Loan · four years · owe up to 70% · **7.34–7.54%** (7.40–8.88% with fees)- Fixed Rate Home Loan · five years · owe up to 70% · **7.34–7.54%** (7.43–8.73% with fees)- Fixed Rate Home Loan · four years · owe 70–80% · **7.44–7.64%** (7.50–8.97% with fees)- Fixed Rate Home Loan · five years · owe 70–80% · **7.44–7.64%** (7.53–8.82% with fees)- Fixed Rate Home Loan · three years · owe 80–95% · **7.49–7.69%** (7.68–9.35% with fees)- Fixed Rate Home Loan · four years · owe 80–95% · **7.74–7.94%** (7.80–9.26% with fees)- Fixed Rate Home Loan · five years · owe 80–95% · **7.74–7.94%** (7.83–9.12% with fees) Where a rate is shown as a range, Westpac published more than one under conditions it stated identically — same product, same term, same band, same loan size. The widest here is 2.94 percentage points. A gap that size is usually a headline rate sitting beside the discounted rate it is discounted from — but nothing published says that, or says which one you would be offered, so both are shown. [Report it if that looks wrong](#wrong). ## Investment, interest only 23 rates ### Variable - Flexi First : Our lowest online variable home loan rate · owe up to 70% · **6.64–7.49%** (6.26–7.21% with fees)- Flexi First : Our lowest online variable home loan rate · owe 70–80% · **6.74–7.59%** (6.36–7.31% with fees)- Rocket Loan : Variable Home Loan with Offset · owe up to 70% · **7.10–9.79%** (7.35–9.85% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 70–80% · **7.20–9.89%** (7.45–9.95% with fees)- Rocket Loan : Variable Home Loan with Offset · owe 80–90% · **7.50–10.19%** (7.75–10.25% with fees)- Flexi First : Our lowest online variable home loan rate · owe 80–90% · **7.89%** (7.61% with fees)- Premium Options Home Loan · **9.67%**- Variable Rate Investment Property Loan · **9.89%** ### Fixed - Fixed Rate Home Loan · two years · owe up to 70% · **6.34–7.14%** (6.95–9.17% with fees)- Fixed Rate Home Loan · one year · owe up to 70% · **6.44–7.14%** (6.97–9.40% with fees)- Fixed Rate Home Loan · two years · owe 70–80% · **6.44–7.24%** (7.05–9.27% with fees)- Fixed Rate Home Loan · one year · owe 70–80% · **6.54–7.24%** (7.07–9.50% with fees)- Fixed Rate Home Loan · three years · owe up to 70% · **6.54–7.39%** (7.00–9.05% with fees)- Fixed Rate Home Loan · three years · owe 70–80% · **6.64–7.49%** (7.11–9.15% with fees)- Fixed Rate Home Loan · two years · owe 80–95% · **6.74–7.54%** (7.35–9.57% with fees)- Fixed Rate Home Loan · four years · owe up to 70% · **6.74–7.59%** (7.09–8.97% with fees)- Fixed Rate Home Loan · five years · owe up to 70% · **6.74–7.59%** (7.12–8.84% with fees)- Fixed Rate Home Loan · one year · owe 80–95% · **6.84–7.54%** (7.37–9.80% with fees)- Fixed Rate Home Loan · four years · owe 70–80% · **6.84–7.69%** (7.19–9.07% with fees)- Fixed Rate Home Loan · five years · owe 70–80% · **6.84–7.69%** (7.22–8.94% with fees)- Fixed Rate Home Loan · three years · owe 80–95% · **6.94–7.79%** (7.41–9.45% with fees)- Fixed Rate Home Loan · four years · owe 80–95% · **7.14–7.99%** (7.50–9.37% with fees)- Fixed Rate Home Loan · five years · owe 80–95% · **7.14–7.99%** (7.53–9.24% with fees) Where a rate is shown as a range, Westpac published more than one under conditions it stated identically — same product, same term, same band, same loan size. The widest here is 2.69 percentage points. A gap that size is usually a headline rate sitting beside the discounted rate it is discounted from — but nothing published says that, or says which one you would be offered, so both are shown. [Report it if that looks wrong](#wrong). ## Restricted to particular groups | Product | Who it is for | Rate | | --- | --- | --- | | Flexi First Option Home Loan - Veterans | restricted to certain jobs (police, nurses, defence and so on) | 3.25% | | Sustainable Upgrades Investment Loan | a particular group only, per its published conditions | 4.74% | | Sustainable Upgrades Home Loan | a particular group only, per its published conditions | 4.74% | | Bridging Home Loan | a particular group only, per its published conditions | 9.57% | The data says a product *is* restricted. It never says whether you would get it. On [the comparison](/) every one of these can be put back with a click, and every figure is worked out again. ## What changed Westpac last moved a rate on **Saturday 17 October**. Every rate is read each morning and has come back the same since. [Every lender that publishes rates](/lenders), and [every rate move since capture began](/data/history). ## Beside it Of 93 lenders with a variable rate anyone could take for a home you live in and pay down, 40 publish a lower one than Westpac's 6.24%. The nearest either side: - [People First and Heritage Bank](/lender/people-first-and-heritage-bank) 6.24% - [QBANK](/lender/qbank) 6.24% - Westpac 6.24% - [Qantas Money Atlas Home Loans](/lender/qantas-money-atlas-home-loans) 6.27% - [Bank of Queensland Limited](/lender/bank-of-queensland-limited) 6.28% Westpac is a Westpac Group brand. The group's other brands with a page here: [St.George Bank](/lender/st-george-bank), [Bank of Melbourne](/lender/bank-of-melbourne), [BankSA](/lender/banksa). Each publishes its own rates. **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 Westpac told you, it is usually one of these. ### The published data is wrong Westpac 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: Westpac ABN: 33007457141 Product Reference Data endpoint: https://digital-api.westpac.com.au Data read from that endpoint on: Sunday 1 November Rate lines published at that time: 254 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. ``` Copy the report [Open the report form in a new tab ↗](https://forms.oaic.gov.au/forms/report) 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](/#fb), 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. [Tell me through the feedback box](/#fb). The data behind every page here is [free to download](/data) if you would rather check it yourself first. The other questions - [Are you paying more than you need to?](/) your rate against every lender publishing one- [How fast should you pay it off?](/paying-it-off) term, extra repayments, interest only- [Don't have a loan yet?](/buying) what to look at before you pick one- [What does each lender advertise?](/lenders) every lender that publishes rates, a page each- [What moved this week?](/market/changes-this-week) which lenders changed an advertised rate- [Where do these numbers come from?](/data) every published rate, and how fresh it is **Free, and not advice.** It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. [Who made this](/about). [What this site collects](/privacy). **More from the data** Building something with this? There is [an API](/api), and [the data is free](/data). This morning: [the market](/market), [variable rates](/market/variable-rates), [fixed rates](/market/fixed-rates) and [what moved this week](/market/changes-this-week). Found in the data: [what lenders charge above 80%](/research/lvr-bands), [the rate a fixed loan rolls onto](/research/revert-rates) and [what a comparison rate adds](/research/comparison-rates). Also [what an offset costs](/research/offset-accounts), and [what investors pay on top](/research/investor-premium).