ABS lending data reveals slump in first home buyer activity
The number of first home buyers taking out new home loans has dropped to its lowest level in eight months according to lending indicators released by the Australian Bureau Statistics (ABS) on Tuesday.
The ABS revealed that 13,869 first home buyers (a seasonally adjusted figure) took out home loans in the month of June, which is 1,181 fewer than in May.
Since peaking at the start of the year, first home buyer lending has been steadily decreasing, though the difference between the May and June figures represents the biggest monthly drop off in years.
“First home buyer lending fell across all states with the exception of South Australia, the Australian Capital Territory and the Northern Territory,” said ABS head of finance and wealth, Katherine Keenan.
“The largest fall was seen in Victoria where strength in first-home buyer lending tied to construction activity continued to unwind post-HomeBuilder.”
As the graph below from the ABS shows, first home buyer lending levels remain at historically high levels despite the recent drop off.
More broadly, the value of total lending commitments among all borrowers also fell in June. $32.1 billion worth of new home loans were taken out during the month, which is 1.6% lower than the May figure of $32.5 billion.
As Keenan says, this was largely driven by falls from owner occupiers plus a significant drop off in construction loans.
“The value of new loan commitments for owner-occupier housing fell 2.5 per cent in June 2021. While this was the largest fall since May 2020, owner-occupier commitments remained 76 per cent higher compared to a year ago and 64 per cent higher than pre-COVID levels in February 2020,” she said.
“The largest contribution to the fall in owner-occupier loan commitments was a fall of 17 per cent in the value of loan commitments for the construction of new dwellings. In addition to this, there was no growth in lending for the purchase of existing dwellings.”
RELATED: August home loan snapshot: Cashback deals, green loans and new variable rate lows
Thinking about entering the market for the first time? Check out our dedicated first home buyer hub for a range of helpful guides and tips, or if you’re ready to compare mortgage options, get started today with our first home loan comparison table.
Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 20 October 2025
-
Promoted
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Unloan Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.15
%
p.a.
- Initial monthly repayment
-
$2,758
- The first home loan with an automatic loyalty discount (conditions apply)
- No application or banking fees
- Built by CommBank
- interest rate
-
5.24% p.a. (5.15% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$10,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
-
- Other benefits
-
Rate automatically discounted by 0.01% p.a. every year up to a maximum discount of 0.30% p.a..
- Special Offers
-
-
Read reviews and learn more about Unloan home loans
Go to site -
Promoted
Lite Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.19
%
p.a.
Variable
- Comparison rate
-
5.21
%
p.a.
- Initial monthly repayment
-
$2,742
- Earn Virgin Money Points every month
- No ongoing home loan fees
- Make additional repayments and redraw at no extra cost
- interest rate
-
5.19% p.a. (5.21% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Valuation costs up to $300 covered.
- Other benefits
-
Earn 1,000 Virgin Money Points per borrower every month. T&Cs apply.
- Special Offers
-
-
Read reviews and learn more about Virgin Money home loans
Go to site -
Promoted
Discount Fixed Rate
- Fixed rate
- Owner occupier
- Principal & Interest
- 20% min deposit
- Cashback
Go to site- Interest rate
-
4.89
%
p.a.
Fixed 2 years
- Comparison rate
-
5.42
%
p.a.
- Initial monthly repayment
-
$2,651
- $2,000 cashback for new loans (T&Cs apply)
- Up to $10,000 extra repayments annually
- One free residential valuation per application
- interest rate
-
2 years - 4.89% p.a. (5.42% p.a. comparison rate)
3 years - 4.99% p.a. (5.41% p.a. comparison rate)
4 years - 5.29% p.a. (5.48% p.a. comparison rate)
5 years - 5.29% p.a. (5.48% p.a. comparison rate)
- Fixed loan revert rate
-
5.39% p.a.
- Upfront fees
-
$150.00
- Ongoing fees
-
$10.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $5,000 p.a
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
$2,000 cashback for new loans refinanced from another lender loans, until 31 Mar 26. Max 80% LVR, min $400k (T&Cs apply).
Read reviews and learn more about Bank of Queensland home loans
Go to site
-
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 5% min deposit
Go to site- Interest rate
-
4.65
%
p.a.
Fixed 1 year
- Comparison rate
-
5.43
%
p.a.
- Initial monthly repayment
-
$2,578
- No ongoing annual fees
- Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
- Lock in for up to 5 years.
- interest rate
-
1 year - 4.65% p.a. (5.43% p.a. comparison rate)
2 years - 4.75% p.a. (5.37% p.a. comparison rate)
3 years - 5.29% p.a. (5.46% p.a. comparison rate)
4 years - 5.69% p.a. (5.58% p.a. comparison rate)
5 years - 5.69% p.a. (5.60% p.a. comparison rate)
- Fixed loan revert rate
-
5.48% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Additional repayments allowed up to $25,000 during the fixed period.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about BCU Bank home loans
Go to site -
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- Interest only
- 20% min deposit
Go to site- Interest rate
-
4.65
%
p.a.
Fixed 1 year
- Comparison rate
-
5.48
%
p.a.
- Initial monthly repayment
-
$2,578
- Free extra repayments of up to $25,000 during the fixed rate period.
- Split loan available
- Weekly, fortnightly, or monthly repayment options
- interest rate
-
1 year - 4.65% p.a. (5.48% p.a. comparison rate)
2 years - 4.75% p.a. (5.42% p.a. comparison rate)
3 years - 5.29% p.a. (5.50% p.a. comparison rate)
4 years - 5.69% p.a. (5.62% p.a. comparison rate)
5 years - 5.69% p.a. (5.63% p.a. comparison rate)
- Fixed loan revert rate
-
5.54% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest, Interest Only
- Availability
-
Owner Occupier
- Repayment options
-
Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal and valuation fees charged at cost.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about P&N Bank home loans
Go to site -
2-Year Fixed Simple Home Loan Special
- Fixed rate
- Owner occupier
- Principal & Interest
- 40% min deposit
- Refinance only
- Redraw available
Go to site- Interest rate
-
4.70
%
p.a.
Fixed 2 years
- Comparison rate
-
5.14
%
p.a.
- Initial monthly repayment
-
$2,593
- No application, ongoing or monthly fees
- Make unlimited extra repayments and access funds with free redraw
- Get up to $1,000 towards legal and valuation costs (T&Cs apply)
- interest rate
-
2 years - 4.70% p.a. (5.14% p.a. comparison rate)
- Fixed loan revert rate
-
5.24% p.a.
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$175.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$300,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
First Option Bank will cover the first $1,000 of legal and valuation costs. Other external costs will be charged to the borrower.
- Other benefits
-
-
- Special Offers
-
-
-
2-Year Fixed Complete Home Loan Special
- Fixed rate
- Owner occupier
- Principal & Interest
- 40% min deposit
- Refinance only
- Offset available
- Redraw available
Go to site- Interest rate
-
4.70
%
p.a.
Fixed 2 years
- Comparison rate
-
5.62
%
p.a.
- Initial monthly repayment
-
$2,593
- Offset account can help you save on interest
- Make unlimited extra repayments and access funds with free redraw
- Get up to $1,000 towards legal and valuation costs (T&Cs apply)
- interest rate
-
2 years - 4.70% p.a. (5.62% p.a. comparison rate)
- Fixed loan revert rate
-
5.39% p.a.
- Upfront fees
-
$0.00
- Ongoing fees
-
$375.00 yearly
- Discharge Fee
-
$175.00
- Package
-
Complete Package
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$300,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
First Option Bank will cover the first $1,000 of legal and valuation costs. Other external costs will be charged to the borrower.
- Other benefits
-
-
- Special Offers
-
-
-
Discount Fixed Rate
- Fixed rate
- Owner occupier
- Principal & Interest
- 20% min deposit
- Cashback
Go to site- Interest rate
-
4.89
%
p.a.
Fixed 2 years
- Comparison rate
-
5.42
%
p.a.
- Initial monthly repayment
-
$2,651
- $2,000 cashback for new loans (T&Cs apply)
- Up to $10,000 extra repayments annually
- One free residential valuation per application
- interest rate
-
2 years - 4.89% p.a. (5.42% p.a. comparison rate)
3 years - 4.99% p.a. (5.41% p.a. comparison rate)
4 years - 5.29% p.a. (5.48% p.a. comparison rate)
5 years - 5.29% p.a. (5.48% p.a. comparison rate)
- Fixed loan revert rate
-
5.39% p.a.
- Upfront fees
-
$150.00
- Ongoing fees
-
$10.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $5,000 p.a
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
$2,000 cashback for new loans refinanced from another lender loans, until 31 Mar 26. Max 80% LVR, min $400k (T&Cs apply).
Read reviews and learn more about Bank of Queensland home loans
Go to site -
First Home Buyer Loan
- Owner occupier
- Principal & Interest
- 5% min deposit
- For first home buyers
- Offset available
- Redraw available
Go to site- Interest rate
-
4.99
%
p.a.
Variable
- Comparison rate
-
5.04
%
p.a.
- Initial monthly repayment
-
$2,681
- Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
- Offset account to reduce interest and save on repayments
- No establishment or monthly fees, plus valuation fees waived up to $1,000 (limited time)
- interest rate
-
4.99% p.a. (5.04% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$300.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
-
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
First home buyers only. Legal, valuation and settlement fees at cost. New rate offer for new business only offer ends on 15th Dec 2025.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about G&C Mutual Bank home loans
Go to site -
1-Year Fixed Simple Home Loan Special
- Fixed rate
- Owner occupier
- Principal & Interest
- 40% min deposit
- Refinance only
- Redraw available
Go to site- Interest rate
-
4.99
%
p.a.
Fixed 1 year
- Comparison rate
-
5.22
%
p.a.
- Initial monthly repayment
-
$2,681
- No application, ongoing or monthly fees
- Make unlimited extra repayments and access funds with free redraw
- Get up to $1,000 towards legal and valuation costs (T&Cs apply)
- interest rate
-
1 year - 4.99% p.a. (5.22% p.a. comparison rate)
- Fixed loan revert rate
-
5.24% p.a.
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$175.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$300,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
First Option Bank will cover the first $1,000 of legal and valuation costs. Other external costs will be charged to the borrower.
- Other benefits
-
-
- Special Offers
-
-
-
Fixed Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 5% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
4.99
%
p.a.
Fixed 2 years
- Comparison rate
-
5.47
%
p.a.
- Initial monthly repayment
-
$2,681
- Get up to $4,000 cashback (T&Cs apply)
- Up to 12 months repayments in advance without penalties
- Split loan available
- interest rate
-
1 year - 5.39% p.a. (5.55% p.a. comparison rate)
2 years - 4.99% p.a. (5.47% p.a. comparison rate)
3 years - 5.19% p.a. (5.48% p.a. comparison rate)
4 years - 5.59% p.a. (5.61% p.a. comparison rate)
5 years - 5.59% p.a. (5.62% p.a. comparison rate)
- Fixed loan revert rate
-
5.49% p.a.
- Upfront fees
-
$799.00
- Ongoing fees
-
$6.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to 1 year in advance
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$500.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Monthly fee only applies to fixed period of loan.
- Other benefits
-
-
- Special Offers
-
$4,000 cashback for loans $750,000 and above with a maximum LVR of 80%, settled within 90 days of application for refinancers or 180 for purchase loans. $3,000 for loans between $500k and $749k, $2,000 for loans between $250k and $499k.
Read reviews and learn more about IMB Bank home loans
Go to site -
1-Year Fixed Complete Home Loan Special
- Fixed rate
- Owner occupier
- Principal & Interest
- 40% min deposit
- Refinance only
- Offset available
- Redraw available
Go to site- Interest rate
-
4.99
%
p.a.
Fixed 1 year
- Comparison rate
-
5.71
%
p.a.
- Initial monthly repayment
-
$2,681
- Offset account can help you save on interest
- Make unlimited extra repayments and access funds with free redraw
- Get up to $1,000 towards legal and valuation costs (T&Cs apply)
- interest rate
-
1 year - 4.99% p.a. (5.71% p.a. comparison rate)
- Fixed loan revert rate
-
5.39% p.a.
- Upfront fees
-
$0.00
- Ongoing fees
-
$375.00 yearly
- Discharge Fee
-
$175.00
- Package
-
Complete Package
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$300,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
First Option Bank will cover the first $1,000 of legal and valuation costs. Other external costs will be charged to the borrower.
- Other benefits
-
-
- Special Offers
-
-
-
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Special Budget Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.19
%
p.a.
Variable
- Comparison rate
-
5.19
%
p.a.
- Initial monthly repayment
-
$2,742
- No application or monthly fees
- Free redraw facility
- $5000 cashback for first time buyers borrowing at least $500K. Apply by 30/11/2025 with loans settled by 30 April 2026. Lending criteria, T&Cs apply.
- interest rate
-
5.19% p.a. (5.19% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$200.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$100,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$1,000.00
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
valuation and legal fees payable at cost
- Other benefits
-
-
- Special Offers
-
$5000 cashback for first home buyers borrowing at least $500,000 with LVR up to 95% for Owner Occupied loans and up to 90% for Investment Loans. Apply by 30/11/2025 with loans settled by 30 April 2026. T&Cs apply.
Read reviews and learn more about The Mutual Bank home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
- Investor Home Loan - 2025
Discount Great Rate Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.19
%
p.a.
Variable
- Comparison rate
-
5.20
%
p.a.
- Initial monthly repayment
-
$2,742
- Get up to $3,000 cashback when you apply online (T&Cs apply)
- No paperwork or payslips required (see site for details)
- Low variable rate
- interest rate
-
5.19% p.a. (5.20% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$180.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$300.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal fees charged at cost.
- Other benefits
-
-
- Special Offers
-
Apply online cashback offer $2,500 for new loans of $250,000-$499,999 or $3,000 cashback for $500,000 or more for purchases or refinancing, LVR <80%. Up to $2,500 cashback for refinancers or first home buyers for applications made with lenders. T&Cs apply
Read reviews and learn more about Greater Bank home loans
Go to site -
Lite Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.19
%
p.a.
Variable
- Comparison rate
-
5.21
%
p.a.
- Initial monthly repayment
-
$2,742
- Earn Virgin Money Points every month
- No ongoing home loan fees
- Make additional repayments and redraw at no extra cost
- interest rate
-
5.19% p.a. (5.21% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Valuation costs up to $300 covered.
- Other benefits
-
Earn 1,000 Virgin Money Points per borrower every month. T&Cs apply.
- Special Offers
-
-
Read reviews and learn more about Virgin Money home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Unloan Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.15
%
p.a.
- Initial monthly repayment
-
$2,758
- The first home loan with an automatic loyalty discount (conditions apply)
- No application or banking fees
- Built by CommBank
- interest rate
-
5.24% p.a. (5.15% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$10,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
-
- Other benefits
-
Rate automatically discounted by 0.01% p.a. every year up to a maximum discount of 0.30% p.a..
- Special Offers
-
-
Read reviews and learn more about Unloan home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Simple Home Loan Variable
- Owner occupier
- Principal & Interest
- 40% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.24
%
p.a.
- Initial monthly repayment
-
$2,758
- A low variable rate that allows you to benefit from potential future rate cuts
- No application, ongoing, or monthly fees
- Make unlimited extra repayments and access funds via a free redraw facility
- interest rate
-
5.24% p.a. (5.24% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$175.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
$3,500,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Valuation and legal fees covered up to $1,000. Anything above this charged at cost.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about First Option Bank home loans
Go to site -
OMG Home Loan
- Owner occupier
- Principal & Interest
- 40% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.27
%
p.a.
- Initial monthly repayment
-
$2,758
- No ongoing annual fees
- Pre-approval valid for 3 months
- interest rate
-
5.24% p.a. (5.27% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about BCU Bank home loans
Go to site -
Budget Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.29
%
p.a.
Variable
- Comparison rate
-
5.32
%
p.a.
- Initial monthly repayment
-
$2,773
- Get up to $4,000 cashback (T&Cs apply)
- Split loan available
- interest rate
-
5.29% p.a. (5.32% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$350.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$500.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
The $449 application fee is waived for <80% LVR Owner Occupier Principal and Interest loans.
- Special Offers
-
$4,000 cashback for loans $750,000 and above with a maximum LVR of 80%, settled within 90 days of application for refinancers or 180 for purchase loans. $3,000 for loans between $500k and $749k, $2,000 for loans between $250k and $499k.
Read reviews and learn more about IMB Bank home loans
Go to site -
Mozo experts choice awards won:
- First Home Buyer Loan - 2025
Variable Home Loan 90
- Owner occupier
- Principal & Interest
- 10% min deposit
- Offset available
- Redraw available
Go to site- Interest rate
-
5.29
%
p.a.
Variable
- Comparison rate
-
5.33
%
p.a.
- Initial monthly repayment
-
$2,773
- No monthly or ongoing fees
- Option to add an offset for 0.10% p.a.
- interest rate
-
5.29% p.a. (5.33% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$530.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
90.00%
- minimum borrowing amount
-
$50,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
Offset sub-account available for additional +0.10%. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about loans.com.au home loans
Go to site
Your selected home loans
Get product update alerts
We’ll keep an eye on rates, fees, and product updates and send you an email as soon as we see a change. Notify me for changes on:
You're all set!
We’ll keep you in the loop and email you as soon as there are any product changes.
* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.