What Is Your Homeloan Interest Rate in 2025?

MonkEE on 23/02/2025 - 09:27
Last edited 23/02/2025 - 11:54 by 1 other user

My current interest rate is at 5.99% with Ubank with about $180k owing.

Was it supposed to go down?

Financial Home Loan Loan

Comments

    • prozerran on 27/02/2025 - 00:27

      all those with IP loans seem low.
      My IP IO was 6.87% pre rate drop also (LVR 70-80%)

      • I think IP P+I I could get 6.5% pre drop
        (less than IO by 3.7% or so)

      Maybe most people are on fixed investment loans?

    • bohn on 27/02/2025 - 11:00

      I'm on a variable IP loan P&I with Westpac, 6.27, soon to be 6.02
      didn't have to battle for it

      • AndyRates on 27/02/2025 - 11:05

        What's the loan size may I ask?

  • Bignudge on 27/02/2025 - 11:07

    CBA will be at 5.76% (~$580K loan) after the drop on the 28/2/25. Other one with Unloan and is now at 6.04% (~630K loan) after the recent rate drop.

    LVR? God knows. But should be worth ~$870-900K and ~$850K respectively according to CBA's app.

  • akyeeeahdude on 27/02/2025 - 11:41

    PPOR: 5.93% currently with ST George (5.68% after the cut). Deal was obtained through a broker mid 2023. Tiny LVR (~$200K owing, ~$1M valuation).

  • smigglejiggle on 27/02/2025 - 12:01
    +2

    5.44% Westpac Rocket Repay

    • Abzd on 27/02/2025 - 12:04

      Variable?

      • smigglejiggle on 27/02/2025 - 12:05

        Yes, 100% variable now.

        • inasero on 28/02/2025 - 20:35
          +1

          How did you get that?! It's being advertised on their website as 7.74% currently?

          • akyeeeahdude on 01/03/2025 - 01:28

            @inasero: I'd be very surprised if he's actually getting that rate currently…

            • a1234my on 11/04/2025 - 08:59

              @akyeeeahdude: even as APR 2025 that is a good rate. Have to make a phone call

    • royaltyfree on 27/02/2025 - 20:40

      Any point of contact broker or lender?

    • Wat on 27/02/2025 - 21:33

      That's really good rate!

      Now, it's 7.44% as per https://www.westpac.com.au/personal-banking/home-loans/varia….

    • cheekymonkey97 on 28/02/2025 - 12:57

      How? Please share.

      • smigglejiggle on 28/02/2025 - 13:25
        +1

        I had a 1.6% discount for the life of my loan, and.0.4% for my new loan. The person who 1st signed my up at Westpac was amazing, new hell of a lot, this was 14 years ago. She is now near the top of Westpac, and still gives me assistance,even though she doesn't need to. I now also deal with the head of home loans, as he was her intern a while back.

    • jlien on 05/03/2025 - 14:36

      what's a crazy good rate. how??

    • inasero on 07/03/2025 - 11:18

      Have PM'ed you

  • TheFreaK on 27/02/2025 - 15:23

    6.24% right now for P&I Investment, waiting rate drop on 7th of March

  • MrThing on 27/02/2025 - 17:14

    5.99% (soon to be 5.74%) PPOR UBank

  • Foosa on 28/02/2025 - 19:07

    Called CBA asking to offer me better rate than 6.25 (current PPOR) and after speaking to the retention team, they've offered 6.15% pre-cut, dropping to 5.90% tomorrow. I havent taken it yet. Approx 370k loan amount, with rough 920k valuation. Not sure if its worth approx 0.20 basis points drop if I go with HSBC or St George offering 5.94% pre cut adding in the discharge fees, new loan package fee etc. I need offset + top tier points credit card which I use for everyday spend, while salary sits in the offset.

    • UFO on 28/02/2025 - 20:47

      After loan costs in changing over, I'd take that 5.9% from CBA if I were you!

      Unless you shop elsewhere and go for a $4k cashback or something at 5.8%.

      If they aren't locking you in, take the offer though! You can always shop later, but its way better than 6.25%!

      • Foosa on 28/02/2025 - 21:31
        +1

        Thanks mate, I think thats the right choice for me for the time being. Pretty sure the "inconvenience factor" of switching is where the banks gain their advantage :) . Been with CBA ever since I landed in Oz and I cant complain anything about their service.

        • UFO on 02/03/2025 - 15:48
          +1

          Oh I completely understand!

          I use CBA netbank for day to day money management, it's by far the best out there (and I've tried ALL the major banks and most of the 2nd tier). CBA is the best for netbanking.

  • inasero on 28/02/2025 - 20:32

    I'm currently on 5.98% variable with CFCU, having come off a three year fixed loan at 1.69%, but looking to refinance to BoC who will be offering 5.58% variable rate with offset (inclusive of a 0.1% discount for having solar panels) for my PPOR as of 3/3, PLUS a $3288 cashback offer and $3000 broker cashback.

    This is the lowest rate I could find, having gone through multiple mortgage comparison sites and several brokers

    • mungas on 01/03/2025 - 08:09

      What’s BoC? This offer seems amazing

  • sween64 on 01/03/2025 - 13:22

    5.84% locked until Jan 2026, 100% offset, PPOR, $15/month fee, Bendigo Bank

    It was a little risky locking (started the loan in Jan 2025), my mindset ws preventing large losses rather than chasing gains

    If there's only one more rate drop (of 25 points) before Jan 2026, it'll be close to even

    • inasero on 01/03/2025 - 15:57

      You're already losing out
      There are a few products available on the market with a better rate (and also fully offset)

      • sween64 on 01/03/2025 - 16:43

        I don't see many listed here, a couple at 5.7x maybe

        Your 5.58% is excellent

        • inasero on 04/03/2025 - 14:24

          Qudos Bank
          Summerland

  • pogichinoy on 05/03/2025 - 09:11

    Cut finally applied.

    5.51% and 6.19%, both with STG.

    • inasero on 05/03/2025 - 14:01

      Can you share details about which loan it is? 5.51% is excellent

      • pogichinoy on 05/03/2025 - 15:38

        No probs!

        PPOR
        P&I
        930k balance
        63% LVR

        • inasero on 06/03/2025 - 16:51

          What's the actual product name?

  • sticky8anana on 12/03/2025 - 09:45

    6.54% investment principal, interest & fees.. also with an offset account,

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