Compare investment home loans for November 2024

Australians are huge fans of investing in property to grow their wealth. Investing in residential real estate can offer tax-friendly returns and long-term growth. Mozo’s expert guides and handy calculators can help you compare investment loan rates, including interest-only and low-rate mortgage deals.

Jack Dona
Money writer
Fact Checked
Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 430 home loans using the filters.
Last updated 27 November 2024 Important disclosures and comparison rate warning*

Investment property loan comparisons on Mozo

Promoted

  • Unloan Variable

    • Investment
    • LVR <80%
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.20 % p.a.
    Initial monthly repayment
    $3,092
    Go to site

    Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

  • Fixed Home Loan

    • LVR<90%
    • Investment
    • Principal & Interest
    Interest rate
    5.89 % p.a.
    Fixed 3 years
    Comparison rate
    6.74 % p.a.
    Initial monthly repayment
    $2,962
    Go to site

    Enjoy the investor benefits of a fixed loan term for 3 years with IMB. Get up to $4,000 cashback (T&Cs apply). Up to 12 months repayments in advance without penalties. Free Internet and Mobile Banking redraws (T&Cs apply). Up to a 30 year loan term. Split loan available. No offset account.

  • 3 Year Fixed Rate Home Loan Special Offer

    • Investment
    • Principle & Interest
    • LVR <80%
    Interest rate
    5.39 % p.a.
    Fixed 3 years
    Comparison rate
    6.59 % p.a.
    Initial monthly repayment
    $2,805
    Link not supplied

  • Dream Value Fixed Home Loan

    Interest rate
    5.49 % p.a.
    Fixed 3 years
    Comparison rate
    6.48 % p.a.
    Initial monthly repayment
    $2,836
    Link not supplied

  • Special Offer 2 Year Investment Fixed Rate Home Loan

    • Principal & Interest
    Interest rate
    5.49 % p.a.
    Fixed 2 years
    Comparison rate
    6.72 % p.a.
    Initial monthly repayment
    $2,836
    Link not supplied

  • 2 Year Fixed Home Loan

    • Principal & Interest
    Interest rate
    5.49 % p.a.
    Fixed 2 years
    Comparison rate
    6.02 % p.a.
    Initial monthly repayment
    $2,836
    Link not supplied

  • Investment Fixed Rate Home Loan

    • Investment
    Interest rate
    5.59 % p.a.
    Fixed 3 years
    Comparison rate
    6.63 % p.a.
    Initial monthly repayment
    $2,867
    Link not supplied

  • Fixed Rate Home Loan

    • Investment
    Interest rate
    5.59 % p.a.
    Fixed 3 years
    Comparison rate
    7.03 % p.a.
    Initial monthly repayment
    $2,867
    Link not supplied

  • Special Fixed Rate Home Loan

    • Investor
    • Principal & Interest
    • LVR <80%
    Interest rate
    5.59 % p.a.
    Fixed 3 years
    Comparison rate
    7.71 % p.a.
    Initial monthly repayment
    $2,867
    Link not supplied

  • Fixed Home Loan

    • Investment
    • Principal & Interest
    Interest rate
    5.64 % p.a.
    Fixed 3 years
    Comparison rate
    5.97 % p.a.
    Initial monthly repayment
    $2,883
    Link not supplied

  • Fixed Rate Home Loan

    • Investment
    • Principal and Interest
    Interest rate
    5.69 % p.a.
    Fixed 2 years
    Comparison rate
    6.39 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Rate Home Loan

    • LVR <80%
    • Investment
    • Principal & Interest
    Interest rate
    5.69 % p.a.
    Fixed 5 years
    Comparison rate
    6.37 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Optimum Fixed Rate Home Loan

    • Investment
    • Principal & Interest
    • LVR <80%
    Interest rate
    5.69 % p.a.
    Fixed 3 years
    Comparison rate
    6.55 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Rate Loan

    • Investment
    • Principal & Interest
    • LVR<70%
    Interest rate
    5.69 % p.a.
    Fixed 5 years
    Comparison rate
    6.48 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Rate Home Loan

    Interest rate
    5.69 % p.a.
    Fixed 2 years
    Comparison rate
    7.11 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Rate Home Loan

    • Investment
    Interest rate
    5.69 % p.a.
    Fixed 3 years
    Comparison rate
    7.75 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Special Discounted Fixed Rate Home Loan

    • Investment
    • Principal & Interest
    • LVR <80%
    Interest rate
    5.69 % p.a.
    Fixed 3 years
    Comparison rate
    7.94 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Loan

    • Investment
    • Principal & Interest
    Interest rate
    5.69 % p.a.
    Fixed 5 years
    Comparison rate
    7.79 % p.a.
    Initial monthly repayment
    $2,899
    Link not supplied

  • Fixed Home Loan

    • Investment
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.73 % p.a.
    Fixed 3 years
    Comparison rate
    7.74 % p.a.
    Initial monthly repayment
    $2,912
    Link not supplied

  • myBlue Fixed Rate Home Loan

    • Investor
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.74 % p.a.
    Fixed 3 years
    Comparison rate
    6.10 % p.a.
    Initial monthly repayment
    $2,915
    Link not supplied

  • Basic Home Loan

    • Fixed
    • Investment
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.74 % p.a.
    Fixed 5 years
    Comparison rate
    6.13 % p.a.
    Initial monthly repayment
    $2,915
    Link not supplied

  • Fixed Premium Home Loan

    • Investment
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.74 % p.a.
    Fixed 5 years
    Comparison rate
    6.34 % p.a.
    Initial monthly repayment
    $2,915
    Link not supplied

  • The Works Fixed Home Loan

    • Investor
    • Principal & Interest
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    6.70 % p.a.
    Initial monthly repayment
    $2,915
    Link not supplied

  • Fixed Premium Choice Investment Loan

    • Investment
    • Principal & Interest
    • LVR<80%
    Interest rate
    5.74 % p.a.
    Fixed 1 year
    Comparison rate
    7.80 % p.a.
    Initial monthly repayment
    $2,915
    Link not supplied

  • Fixed Rate Home Loan

    • Investment
    • Principal & Interest
    • LVR <60%
    Interest rate
    5.79 % p.a.
    Fixed 5 years
    Comparison rate
    6.45 % p.a.
    Initial monthly repayment
    $2,931
    Link not supplied

  • Great Rate Home Loan

    • Fixed
    • Investment
    • Principal & Interest
    Interest rate
    5.79 % p.a.
    Fixed 5 years
    Comparison rate
    7.16 % p.a.
    Initial monthly repayment
    $2,931
    Link not supplied

  • Ultimate Home Loan

    • Investment
    • Principal & Interest
    Interest rate
    5.79 % p.a.
    Fixed 5 years
    Comparison rate
    7.38 % p.a.
    Initial monthly repayment
    $2,931
    Link not supplied

  • Standard Home Loan

    • Investment
    • Fixed
    Interest rate
    5.79 % p.a.
    Fixed 3 years
    Comparison rate
    8.08 % p.a.
    Initial monthly repayment
    $2,931
    Link not supplied

  • Special 2 Year Fixed

    • Investor
    • Principal & Interest
    • LVR <80%
    Interest rate
    5.79 % p.a.
    Fixed 2 years
    Comparison rate
    6.66 % p.a.
    Initial monthly repayment
    $2,931
    Link not supplied

  • Everyday Fixed Home Loan

    • Investor
    • LVR<95%
    Interest rate
    5.84 % p.a.
    Fixed 3 years
    Comparison rate
    6.10 % p.a.
    Initial monthly repayment
    $2,947
    Link not supplied

Showing 30 of 430 home loans
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November Investment Home Loan Snapshot

Updated by: Jack Dona, Senior Home Loans Writer, 01 November 2024

While a high interest rate environment and ever-growing property prices can make it difficult to crack into property, making sure you’ve got a competitive investment loan rate and the features you need can help you to save money on your property and protect your returns.

The average investment loan rate for a borrower with <80% LVR on a $400,000 loan, making principal and interest repayments over 25 years is 7.06% p.a., according to the Mozo database on 1 November 2024. However, Mozo tracks plenty of investment loans that start with a ‘6’. 

Take Unloan’s Variable investment loan, at 6.29% p.a. (6.20% p.a. comparison rate*), where you get a rate discount each year you stick with them. Or Bendigo Bank’s variable rate Express Home Loan, also offering a rate of 6.29% p.a. (6.42% p.a. comparison rate*), fit with a handy 100% offset account.

For regional folks, Hume Bank has a promotional offer of a 2 year discounted variable rate for those buying in Albury city, Federation, Greater Hume Shire, Indigo Shire, Towong Shire, Wagga Wagga City, Rural City of Wangaratta, and City of Wodonga postcodes. 

Hume Bank’s liteBlue Rate 2-year Discounted Variable Home Loan (Locals Only offer) has a rate of 5.74% p.a. (6.04% p.a. comparison rate*) for investors, usually 6.09% p.a.

Here’s a round-up of the lowest investment loan rates for this month:

Best investment loan rates in November 2024 

Out of the offers we track, the top five lowest investment variable home loan rates (P&I, $400K, LVR <80%) are all well below the average rate in the database, as at 1 November 2024, and include:

Variable rate investment loans

If you don’t want to lock-in your investment loan rate, then check out these variable offers: 

  • Police Credit Union Low Rate Home Loan Special Offer | 5.94% p.a. (6.00% p.a. comparison rate*)
  • Easy Street Street Smart Variable Home Loan | 6.04% p.a. (6.09% p.a. comparison rate*)
  • Gateway Bank Green Plus Home Loan | 6.09% p.a. (6.36% p.a. comparison rate*)
  • The Mutual Bank Special Budget Home Loan | 6.09% p.a. (6.10% p.a. comparison rate*)
  • Bank Orange Base Rate Variable Home Loan | 6.14% p.a. (6.20% p.a. comparison rate*).

Fixed rate investment loans

If you want security and stability, knowing what you need to pay each month for up to 5 years, then check these fixed rate investment loan deals out: 

  • 1 year: Easy Street Fixed Home Loan | 5.74% p.a. (6.06% p.a. comparison rate*) 
  • 2 years: Easy Street 2 Year Fixed Home Loan | 5.49% p.a. (6.02% p.a. comparison rate*) 
  • 3 years: Police Credit Union 3 Year Fixed Rate Home Loan Special Offer | 5.39% p.a. (6.59% p.a. comparison rate*) 
  • 4 years: Newcastle Permanent Special Fixed Rate Home Loan | 5.69% p.a. (7.55% p.a. comparison rate*)
  • 5 years: Heritage Bank Fixed Loan | 5.69% p.a. (7.79% p.a. comparison rate*).

Investment Knowledge Hub

What is an investment home loan?

Investment home loans are used to purchase properties that the borrower doesn’t intend to live in. 

Instead, investors borrow the money to buy a property, intending to rent it out and profit both from rental income and (ideally) from property value growth.

This type of home loan differs from the sort you’d apply for if you wanted to live in the property yourself. Those are known as owner-occupier home loans.

How to compare investment home loans

Investment loans aren’t one-size-fits-all, but a general guideline is to look for a loan that balances features and costs with your property investing aims. 

When you compare, look at: 

1. Interest rates 

The interest rate on your loan will determine partly how much you need to repay each month. The higher your interest rate, the more you will need to charge your tenants for rent. Charge too much, and no one will be able to afford your rental, or you’ll start paying for your mortgage out of pocket. 

Look for lenders charging lower than the average investment loan rate (see the monthly snapshot above for the latest figures). Typically, you’ll find lower interest rates from smaller lenders, rather than the Big Four banks. 

2. Fees

Another consideration to make when you compare investment loans is fees. Simply put, they’ll eat into your profits. So, try to minimise your exposure to ongoing fees, and be aware of how much application and settlement fees set you back. 

3. Loan features

Different investment loans have options that could help you save, like free extra repayments, redraw facilities, offset accounts, and interest-only periods. Look into which features could be helpful to you.

Investing in a second property

Investing in real estate can make it easier to finance a second property, such as another investment or your dream home. How? By using your home equity.

Your equity is the value of your ownership. If you own a property worth $1 million but have $200k left on your mortgage, then you have $800k in home equity. 

Equity ($$) = Property value - loan value

If your loan size decreases or your property value increases, your equity rises. 

Equity is a form of wealth you can use to fund projects, like a second property. How it works is you refinance your home loan to “borrow” from your equity, giving you some cash. 

However, this tactic has pros and cons, so read more in the button below.

How to use your home equity

What are the benefits of investment home loans?

Only some people find their dream home right away. And that’s okay! Investment home loans let you access the benefits of owning property without living there.

Some perks of investing in property include:

  • Capital gains when you sell.
  • Rental income from tenants. 
  • Home equity as your ownership share increases.

The right investment home loan can make your investment profitable by cutting down on extra costs and accelerating your property journey toward full ownership.

Australian property is a relatively low-risk asset since property prices generally increase over time (a phenomenon called “capital growth”), though this will vary by location and property. 

Property investors also get a host of tax benefits.

Hot Tip!

Consult a tax professional to see what you can claim on your taxes. Eligibility for deductions with vary by property investor.

Investment Home Loan Calculators

Can your investment turn a profit? Crunch the numbers with Mozo's free mortgage calculators. See more

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Investment FAQS

How do you apply for an investment home loan?

The application process for investment home loans is similar to all other loans. Once you choose a property and demonstrate serviceability through supporting documentation, you apply and get it approved by a lender of your choice for the loan amount you need to borrow.

What documents do you need to apply for an investment home loan?

You must give a home loan lender identity, financial, and property information in your investment application. This can include mortgage documents such as:

  • Driver’s licences and passports. 
  • Property valuation reports.
  • Asset portfolios and dividend statements.
  • Mortgage reports on any other properties you own.
  • Income and bank statements.
  • Debts and liabilities. 
  • Credit reports.
  • Superannuation balances. 
How is an investment home loan different from an owner-occupied home?

The main differences between owner-occupied and investment loans are lending criteria and cost. 

Lenders consider investment mortgages financially risky because the borrower often relies on rental income. So, to protect themselves from missed or defaulted mortgage payments, lenders often slap investment loans with high interest rates and stricter lending criteria, such as a larger deposit.

Can I switch from an investment loan to an owner-occupier loan?

Yes, you can refinance your home loan from an investment to an owner-occupied mortgage. You must meet eligibility requirements for your new home loan, such as having a good debt-to-income ratio and credit score and meeting minimum loan-to-value ratio (LVR) requirements.

How often should I review my investment home loan?

How often you should review your investment home loan is up to you, but once a year is an excellent place to start. This way, you can check your interest rate to ensure it stays competitive, see if your mortgage repayments have changed, and calculate how much equity you’ve accumulated.

What is negative gearing?

Negative gearing is when an investor loses more money maintaining a property than they make. Essentially, they return a loss. 

Negative gearing can come with tax benefits since the interest payments lower the investor’s taxable income for the year while still accruing their wealth in home equity. 

However, negative gearing can be financially risky – the investor will need enough cash to cover the temporary shortfall. 

Too many negatively geared properties in one area can also tank property values, eroding the equity the investor needs to build wealth.

Popular investment guides

Learn what you need to know about investment home loans, including tips and traps, in our helpful guides. See all

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Jack Dona
Jack Dona
RG146
Money writer

Jack is RG146 Generic Knowledge certified, with a Bachelor of Communications in Creative Writing from UTS, and uses his creative flair to cut through the financial jargon and make home loans, insurance and banking interesting. His reader-first approach to creating content and his passion for financial literacy means he always looks for innovative ways to explain personal finance. Jack's research and explanations have been featured in government publications, and his work is regularly featured alongside major publications in Google's Top Stories for Insurance.

Brands we compare

We compare home loans from the following well-known lenders and many more... SEE MORE HOME LOAN LENDERS

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  • Unloan brand logo
  • Aussie brand logo
  • ANZ brand logo
  • IMB Bank brand logo
  • ING brand logo
  • Unloan brand logo
  • Aussie brand logo
  • ANZ brand logo
  • IMB Bank brand logo
  • ING brand logo
  • Unloan brand logo
  • Aussie brand logo
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  • IMB Bank brand logo
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Home loan customer reviews

Melbourne University Credit Union Home Loan
Overall 4/10
It is focused only on profit, not its customers.

It does not provide support for people in financial distress.

Read full review

It does not provide support for people in financial distress.

Price
4/10
Features
2/10
Customer service
3/10
Convenience
3/10
Trust
2/10
Less
Sally, New South Wales, reviewed 7 days ago
Suncorp Home Loan
Overall 8/10
Loyalty still has its place

Suncorp generally has better and more competitive home loan rates for home loan packages for either fixed or variable, which includes offset accounts. Due to our loyalty we have, upon request, received a further discount on our rate. Since interest rates have remained high however, Suncorp is not entertaining requests to reduce rate. Overall I have been content with Suncorp and haven’t needed to go elsewhere…. yet!!

Read full review

Suncorp generally has better and more competitive home loan rates for home loan packages for either fixed or variable, which includes offset accounts. Due to our loyalty we have, upon request, received a further discount on our rate. Since interest rates have remained high however, Suncorp is not entertaining requests to reduce rate. Overall I have been content with Suncorp and haven’t needed to go elsewhere…. yet!!

Price
8/10
Features
6/10
Customer service
8/10
Convenience
9/10
Trust
8/10
Less
Richard, Western Australia, reviewed 7 days ago
Mortgage House Advantage Standard Home Loan
Overall 1/10
Terrible experience, Old IT System, Inconvenient

**Incredible Terrible Experience** I have had an incredibly terrible experience with this service. They take money from customers but do not invest in their IT systems. Here are the main issues I encountered: ### Issues 1. **Outdated IT Systems** - **Old-fashioned website**: The website is incredibly outdated and lacks modern functionality. - **No advanced mobile app**: There is no mobile app available, which is essential for convenient access. 2. **Technical Problems** - **Inability to transfer money**: I have been unable to transfer money for the last three months due to persistent IT issues with my account. 3. **Customer Support Failures** - **Unresolved issues**: Despite raising the issue over two months ago, it remains unresolved. - **Ineffective support**: After spending almost 40 minutes on the phone with customer support, they were unable to resolve the issue or transfer the money on my behalf. - **Lack of escalation**: When I requested to speak with a manager, I was told the manager was busy and could not assist me. ### Suggestions for Improvement 1. **Invest in IT Infrastructure** - **Upgrade the website**: Modernize the website to improve user experience and functionality. - **Develop a mobile app**: Create a mobile app to provide customers with convenient access to their accounts and services. 2. **Resolve Technical Issues Promptly** - **Fix account issues**: Address and resolve the technical issues preventing money transfers as a priority. - **Regular updates**: Implement regular system updates and maintenance to prevent similar issues in the future. 3. **Enhance Customer Support** - **Effective problem resolution**: Train customer support staff to handle and resolve issues efficiently. - **Escalation process**: Ensure there is a clear and effective escalation process for unresolved issues. - **Manager availability**: Make managers available to handle escalated cases promptly. I hope these suggestions are taken seriously and improvements are made to provide a better customer experience.

Read full review

**Incredible Terrible Experience** I have had an incredibly terrible experience with this service. They take money from customers but do not invest in their IT systems. Here are the main issues I encountered: ### Issues 1. **Outdated IT Systems** - **Old-fashioned website**: The website is incredibly outdated and lacks modern functionality. - **No advanced mobile app**: There is no mobile app available, which is essential for convenient access. 2. **Technical Problems** - **Inability to transfer money**: I have been unable to transfer money for the last three months due to persistent IT issues with my account. 3. **Customer Support Failures** - **Unresolved issues**: Despite raising the issue over two months ago, it remains unresolved. - **Ineffective support**: After spending almost 40 minutes on the phone with customer support, they were unable to resolve the issue or transfer the money on my behalf. - **Lack of escalation**: When I requested to speak with a manager, I was told the manager was busy and could not assist me. ### Suggestions for Improvement 1. **Invest in IT Infrastructure** - **Upgrade the website**: Modernize the website to improve user experience and functionality. - **Develop a mobile app**: Create a mobile app to provide customers with convenient access to their accounts and services. 2. **Resolve Technical Issues Promptly** - **Fix account issues**: Address and resolve the technical issues preventing money transfers as a priority. - **Regular updates**: Implement regular system updates and maintenance to prevent similar issues in the future. 3. **Enhance Customer Support** - **Effective problem resolution**: Train customer support staff to handle and resolve issues efficiently. - **Escalation process**: Ensure there is a clear and effective escalation process for unresolved issues. - **Manager availability**: Make managers available to handle escalated cases promptly. I hope these suggestions are taken seriously and improvements are made to provide a better customer experience.

Price
2/10
Features
2/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Mk, New South Wales, reviewed 7 days ago

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