OZ Home Loan
AUSTRALIA'S HOME LOAN GUIDE · 2026

Find Australia's Best Home Loan in Minutes

Compare rates from 40+ lenders, calculate your repayments, and get expert guidance — whether you're buying, investing, or refinancing.

Compare Loans → How Pre-Approval Works
LIVE RATES SNAPSHOT
Big 4 + Major Lenders · May 2026
CBA
Variable Owner Occ P&I
6.14%
Westpac
Fixed 2-Year Owner Occ
5.79%
ANZ
Simplicity Plus Variable
6.19%
NAB
Base Variable Rate
6.32%
Macquarie
Offset Variable
5.99%
Comparison rates shown are indicative only. Always verify with lender.
6.14%
Lowest Variable Rate
5.79%
Best Fixed 2yr
90%
Max LVR Available
48hr
Pre-Approval Turnaround
LOAN TYPES

Find the Right Home Loan for You

🏡

First Home Buyer

5% deposit options, stamp duty concessions, First Home Guarantee — we explain every pathway.

Read guide →
Popular
📈

Investment Loans

Interest-only options, offset accounts, portfolio lending — maximise your investment returns.

Read guide →
🔄

Refinancing

Cashback offers, lower rates, equity release — we compare every major lender for you.

Read guide →
📋

Low Doc Loans

Self-employed? BAS or accountant letter may be enough. 40+ specialist lenders available.

Read guide →
🏗️

Construction Loans

Progress drawdown structure, interest-only during build, fixed-price contract required.

Read guide →
🏦

SMSF Lending

Use your superannuation to purchase residential or commercial property.

Read guide →
FIXED VS VARIABLE

Which Rate Type Suits You?

The choice between fixed and variable affects your repayments, flexibility, and total interest paid over the life of the loan. There's no universal right answer — it depends on your goals and risk tolerance.

Fixed Rate
  • Certainty — same repayment every month
  • Protected from rate rises
  • Break costs if you sell or refinance early
  • Usually no offset account
Variable Rate
  • Moves up or down with RBA cash rate
  • Offset accounts reduce interest
  • Extra repayments allowed any time
  • More flexibility to refinance
Read the full comparison →
STEP BY STEP

Home Loan Checklist

01
Assess Your Borrowing Power
Factor in income, existing debts, dependants, and living expenses. Most lenders use the HEM benchmark.
02
Save Your Deposit
20% avoids LMI. 5% may qualify for the First Home Guarantee. Some lenders accept gifts from family.
03
Get Pre-Approval
Conditional approval gives you confidence at auction. Usually valid for 90 days.
04
Apply Formally
Once you find a property, submit full application with contract of sale. Unconditional approval follows.
🏠
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LMI EXPLAINED

Lenders Mortgage Insurance — What You Need to Know

LMI is charged when your deposit is below 20% of the property value. It protects the lender (not you) if you default. The cost can be added to your loan.

95% LVR (5% deposit) ~$28,000 on $700K High
90% LVR (10% deposit) ~$14,000 on $700K Moderate
85% LVR (15% deposit) ~$6,500 on $700K Low
≤80% LVR (20%+ deposit) $0 None

Figures indicative only. Varies by lender and property state.

💡 Ways to Avoid LMI
→ Save a 20% deposit
→ Family guarantee (parents use equity)
→ First Home Guarantee (5% deposit, no LMI)
→ Some professions exempt: doctors, lawyers, accountants
→ Regional First Home Buyer Guarantee
Read full LMI guide →
KNOWLEDGE BASE

Home Loan Guides & Research

View all guides →

Start Your Home Loan Journey

From first home buyers to seasoned investors — our guides cover every step of the process, with real numbers and no fluff.

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