RateGapevery home loan rate lenders publish, compared
The home loan market, this morning
Where advertised rates stand, what moved, and what the Reserve Bank's last decision did. Every figure is read from a lender's own feed.
Rates checked Monday 2 November at 7:01 am (Sydney time) ยท browse all the data
The going variable rate for a home you live in, paying it down is 5.85%, read Monday 2 November. The lowest advertised is 5.69%.
Where rates are, and what moved
- Where are variable rates?Going rate 5.85%. Half of the 316 loans open to anyone sit between 6.28% and 7.14%.
- And fixed?Going two-year rate 6.29%, 0.44 points above the going variable rate.
- What moved this week?18 lenders moved 289 advertised rates: 64 down and 225 up.
- What has the Reserve Bank's last decision done?79 of 102 lenders advertise a higher variable rate than before the increase on Tuesday 29 September.
Measured questions
- What does a comparison rate add?Across 534 loans, the median gap is 0.06 points.
- What does an offset account cost in rate?At the going rate, 0.04 points this morning.
- What do investors pay on top?In the same product, a median 0.15 points more than a loan to live in, across 70 lenders.
- What do lenders charge above 80%?The price bands, and what owing less is worth.
- What does a fixed loan roll onto?The rate a fixed loan reverts to, read from the comparison rate.
The data behind it
Every lender's own page, the files, free to download, and your own rate, read against all of it.
How this is worked out, and what it does not tell you
How it is worked out
- Rates come from each lender's own feed under the Consumer Data Right, read each morning. Nobody types one in.
- A rate counts only if anyone could take it. Loans for particular groups, and lenders the capture cannot reach, are left out.
- Each loan counts once per profile, at its lowest advertised rate.
What it does not tell you
- Advertised rates, not offers. A lender can say no.
- New-customer prices. What existing customers pay is published nowhere.
- The rate is not the cost. Fees sit outside it. What a comparison rate adds.
The data is free to download, so any figure here can be checked.
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. What this site collects.
More from the data
Building something with this? There is an API, and the data is free.
This morning: the market, variable rates, fixed rates and what moved this week.
Found in the data: what lenders charge above 80%, the rate a fixed loan rolls onto and what a comparison rate adds. Also what an offset costs, and what investors pay on top.