Invest
Is loyalty to your bank costing you $35,000?
Shopping around can save investors upwards of $35,000 on their mortgage repayments, according to new market research.
Is loyalty to your bank costing you $35,000?
Shopping around can save investors upwards of $35,000 on their mortgage repayments, according to new market research.
Data from Finder suggests there is a 46-basis-point difference between the lowest rate in the market and the lowest rate from the major banks.
Armed with this information, savvy investors are saving $35,000 over the life of a mortgage if they shop around.
According Finder insights manager Graham Cooke, investors that are willing to shop around can now get sub-3 per cent variable home loans.
“Last month, a couple of lenders broke the mould with sub-3 per cent fixed loans. This month, we’re already seeing this extend in the variable home loan space with Reduce Home Loans leading the pack with a never-before-seen 2.89 per cent rate.
“The question on everyone’s lips now is, how low will lenders go? This latest rate cut shows smaller lenders are setting the benchmark with rates that start with a ‘2',” said Mr Cooke.
Aussies willing to break up with the big 4
According to comparison site Finder, there has been a surge in Australians trying to leave their fixed loans, with a 408 per cent increase in those seeking more information about fixed rate home loan break costs.
Furthermore, Australians are searching for better value with a 313 per cent uptick in variable rate home loans over the same period.
Following the royal commission into the finance sector, borrowers are becoming increasingly likely to leave the big four banks.
By the numbers:
- The new average standard variable rate for the big four banks is 4.94 per cent
- The new average lowest variable rate for the big four banks is 3.42 per cent
- The lowest variable rate on market is 2.89 per cent (Reduce Home Loans)
- The lowest variable rate of the big four banks is 3.35 per cent (NAB, CBA)
RELATED ARTICLES
About the author
About the author
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
Property
Rate pause, busy summer: where smart capital wins in Australia’s property market
With the Reserve Bank holding rates steady, the summer selling season arrives with rare predictability. Liquidity will lift, serviceability stops getting worse, and sentiment stabilises. The ...Read more
Property
The 2026 Suburb Thesis: A case study in turning trend lists into investable strategy
A new crop of ‘suburbs to watch’ is hitting headlines, but translating shortlist hype into bottom-line results requires more than a map and a mood. This case study shows how a disciplined, data-led ...Read more
Property
From signals to settlements: A case study in turning property insight into investable action
Investor confidence is rebuilding, first-home buyers are edging back, and governments are pushing supply — yet most property players still struggle to convert signals into decisive movesRead more
Property
Australia’s rental choke point: why record-low vacancies are now a boardroom issue
A tightening rental market is no longer just a housing story—it’s a macro risk, a labour challenge and a strategic opening for capital. With vacancies near historic lows and rents still rising, ...Read more
Property
Rents are rewriting the inflation playbook: what record‑low vacancies mean for Australian business
Australia’s rental market is so tight that housing costs are now a primary transmission channel for inflation and interest rates. This isn’t just a property story; it’s a business risk story—affecting ...Read more
Property
Off-market real estate is going mainstream — and changing the rules of dealmaking
With public listings tight and sales still climbing, Australia’s investors are shifting to off-market channels that reward speed, networks and data advantage. The playbook is closer to private equity ...Read more
Property
Australia’s rental squeeze is now a business problem: inflation, capacity and the new growth calculus
Record-low rental vacancies are no longer just a social headline – they’re reshaping cost structures, wage dynamics and capital allocation across corporate Australia. With economists warning of a ...Read more
Property
ANZ’s mortgage growth, profit slump: why volume without margin won’t pay the dividends
ANZ lifted home-lending volumes, yet profits fell under the weight of regulatory and restructuring costs—an object lesson in the futility of growth that doesn’t convert to margin and productivityRead more
Property
Rate pause, busy summer: where smart capital wins in Australia’s property market
With the Reserve Bank holding rates steady, the summer selling season arrives with rare predictability. Liquidity will lift, serviceability stops getting worse, and sentiment stabilises. The ...Read more
Property
The 2026 Suburb Thesis: A case study in turning trend lists into investable strategy
A new crop of ‘suburbs to watch’ is hitting headlines, but translating shortlist hype into bottom-line results requires more than a map and a mood. This case study shows how a disciplined, data-led ...Read more
Property
From signals to settlements: A case study in turning property insight into investable action
Investor confidence is rebuilding, first-home buyers are edging back, and governments are pushing supply — yet most property players still struggle to convert signals into decisive movesRead more
Property
Australia’s rental choke point: why record-low vacancies are now a boardroom issue
A tightening rental market is no longer just a housing story—it’s a macro risk, a labour challenge and a strategic opening for capital. With vacancies near historic lows and rents still rising, ...Read more
Property
Rents are rewriting the inflation playbook: what record‑low vacancies mean for Australian business
Australia’s rental market is so tight that housing costs are now a primary transmission channel for inflation and interest rates. This isn’t just a property story; it’s a business risk story—affecting ...Read more
Property
Off-market real estate is going mainstream — and changing the rules of dealmaking
With public listings tight and sales still climbing, Australia’s investors are shifting to off-market channels that reward speed, networks and data advantage. The playbook is closer to private equity ...Read more
Property
Australia’s rental squeeze is now a business problem: inflation, capacity and the new growth calculus
Record-low rental vacancies are no longer just a social headline – they’re reshaping cost structures, wage dynamics and capital allocation across corporate Australia. With economists warning of a ...Read more
