With lockdowns in parts of New South Wales, Victoria, South Australia and Queensland, banks large and small have extended relief programs to affected home loan clients, offering postponements mortgage payments and more.
At the same time, big bank NAB has forecast double-digit growth in house prices in the capital next year. Early buyers might struggle with these higher prices, although the NAB also predicts that those capital gains will be halved by 2022.
Even though the record fixed rates of the past few months have started to disappear, there is still a range of mortgage offers available to different types of borrowers. Here are some of the top rated home loans on RateCity, based on their real-time ratings â¢:
Ratings are correct at time of posting. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.
Some of the best variable home loans over $ 1 million
With the NAB predicting house prices to rise in the future, borrowers looking to buy property in Australian capitals may be more likely to want a home loan for borrowing $ 1 million or more.
Some of the Best 3 Year Fixed Home Loans
Borrowers who want to lock in a low interest rate may have a hard time finding a rate below 2% these days, but there are still low rate options available to borrowers who meet the eligibility criteria.
Some of the best home loans from the big banks
Australia’s major mortgage lenders are often able to come up with tempting home loan deals, sometimes including special offers like exemption fees or cash back rewards to lure your business.
Some of the best home loans from new lenders
Home loan offers from smaller mortgage lenders, including online-only lenders, may be able to compete with larger banks.