Our database lists 166 5-year fixed mortgage rates from 16 lenders. WestPac Banks's Owner Occupier Principal & Interest rates start at 5.89%.
Check this page weekly or bookmark it to stay updated on the ever-changing 5-year fixed mortgage rates.
The table below shows rates as of July 4, 2025 and may change anytime.
ANZ Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| ANZ BANK | ANZ Fixed Rate Home Loan (Owner Occupiers) - 5 years fixed LVR 80% or less Principal & Interest | 5 Years | 5.84% | 6.35% | 80% or less | |
| ANZ BANK | ANZ Fixed Rate Home Loan (Owner Occupiers) - 5 years fixed LVR 80% or less Interest Only | 5 Years | 6.19% | 6.51% | 80% or less | |
| ANZ BANK | ANZ Fixed Rate Home Loan (Owner Occupiers) - 5 years fixed LVR more than 80% Principal & Interest | 5 Years | 6.29% | 7.03% | more than 80% | |
| ANZ BANK | ANZ Fixed Rate Home Loan (Owner Occupiers) - 5 years fixed LVR more than 80% Interest Only | 5 Years | 6.64% | 6.81% | more than 80% | |
| ANZ BANK | ANZ Fixed Residential Investment Loan - 5 years fixed LVR 80% or less Principal & Interest | 5 Years | 5.99% | 6.75% | 80% or less | |
| ANZ BANK | ANZ Fixed Residential Investment Loan - 5 years fixed LVR more than 80% Principal & Interest | 5 Years | 6.44% | 7.05% | more than 80% | |
| ANZ BANK | ANZ Fixed Residential Investment Loan - 5 years fixed LVR 80% or less Interest Only | 5 Years | 6.09% | 6.81% | 80% or less | |
| ANZ BANK | ANZ Fixed Residential Investment Loan - 5 years fixed LVR more than 80% Interest Only | 5 Years | 6.54% | 7.11% | more than 80% | |
| ANZ BANK | ANZ Interest in Advance Loan - 5 years fixed LVR 80% or less | 5 Years | 5.89% | 6.72% | 80% or less | |
| ANZ BANK | ANZ Interest in Advance Loan - 5 years fixed LVR more than 80% | 5 Years | 6.34% | 7.02% | more than 80% | |
| ANZ BANK | ANZ Fixed index rate (Owner Occupiers) - 5 year fixed Principal & Interest | 5 Years | 6.29% | 7.31% | ||
| ANZ BANK | ANZ Fixed index rate (Owner Occupiers) - 5 year fixed Interest Only | 5 Years | 6.64% | 7.48% | ||
| ANZ BANK | ANZ Fixed index rate (Investor) - 5 year fixed Principal & Interest | 5 Years | 6.44% | 7.69% | ||
| ANZ BANK | ANZ Fixed index rate (Investor) - 5 year fixed Interest Only | 5 Years | 6.54% | 7.77% | ||
| ANZ BANK | ANZ Interest in Advance index rate - 5 year fixed | 5 Years | 6.34% | 7.68% |
Bank of Melbourne: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| BANK OF MELBOURNE | Fixed Rate Home Loan - Owner Occupier (Principal & Interest) - 5 year fixed rate | 5 Years | 5.89% | 6.27% | $600.00 | up to 70% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Owner Occupier (Interest Only) - 5 year fixed rate | 5 Years | 6.49% | 6.56% | $600.00 | 70% up to 80% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Owner Occupier (Interest Only) - 5 year fixed rate | 5 Years | 6.39% | 6.46% | $600.00 | Up to 70% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Principal & Interest) - 5 year fixed rate | 5 Years | 6.49% | 6.86% | $600.00 | Above 80% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Principal & Interest) - 5 year fixed rate | 5 Years | 6.19% | 6.57% | $600.00 | 70% up to 80% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Principal & Interest) - 5 year fixed rate | 5 Years | 6.09% | 6.47% | $600.00 | Up to 70% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Interest Only) - 5 year fixed rate | 5 Years | 6.59% | 6.88% | $600.00 | Above 80% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Interest Only) - 5 year fixed rate | 5 Years | 6.29% | 6.58% | $600.00 | 70% up to 80% |
| BANK OF MELBOURNE | Fixed Rate Home Loan - Investor (Interest Only) - 5 year fixed rate | 5 Years | 6.19% | 6.48% | $600.00 | Up to 70% |
Bank of Queensland: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Owner Occupier) - 5 years Principal and Interest | 5 Years | 5.64% | 5.77% | $0.00 | |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Owner Occupier) - 5 year fixed discount rate - max 80% LVR++ Principal and Interest | 5 Years | 5.29% | 5.62% | $0.00 | Max 80% |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Owner Occupier) - 5 year fixed discount rate - max 90% LVR++ Principal and Interest | 5 Years | 5.54% | 5.72% | $0.00 | Max 90% |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Owner Occupier) - 5 years Interest only | 5 Years | 7.84% | 6.75% | $0.00 | |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 years Principal and Interest | 5 Years | 5.89% | 5.96% | $0.00 | |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 year fixed discount rate - max 80% LVR++ Principal and Interest | 5 Years | 5.54% | 5.81% | $0.00 | Max 80% |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 year fixed discount rate - max LVR 90%++ Principal and Interest | 5 Years | 5.64% | 5.85% | $0.00 | Max 90% |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 years Interest only | 5 Years | 5.99% | 6.00% | $0.00 | |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 year fixed discount rate - max LVR 80%++ Interest only | 5 Years | 5.64% | 5.85% | $0.00 | Max 80% |
| BANK OF QUEENSLAND | Fixed Rate Home Loan (Investor) - 5 year fixed discount rate - max LVR 90%++ Interest only | 5 Years | 5.74% | 5.89% | $0.00 | Max 90% |
Bankwest: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| BANKWEST | Fixed Rate Home Loan -Up to 80% LVR | 5 Years | 5.79% | 7.37% | $295.00 | Up to 80% |
| BANKWEST | Fixed Rate Home Loan - 80.01% to 90% LVR with LMI | 5 Years | 6.09% | 7.50% | $295.00 | 8001% |
| BANKWEST | Fixed Rate Home Loan - 90.01% to 95% LVR with LMI | 5 Years | 6.49% | 7.68% | $295.00 | 9001% |
| BANKWEST | Fixed Rate Home Loan - 95.01% to 98% LVR with LMI | 5 Years | 7.19% | 7.99% | $295.00 | 9501% |
| BANKWEST | Fixed Rate Home Loan (Investors) -Up to 90% LVR | 5 Years | 5.99% | 7.80% | $295.00 | Up to 90% |
| BANKWEST | Fixed Rate Home Loan (Investors) - 90.01% to 95% LVR with LMI | 5 Years | 6.89% | 8.20% | $295.00 | 9001% |
| BANKWEST | Complete Fixed Home Loan Package (Owner Occupied) - Up to 80% LVR | 5 Years | 5.79% | 6.57% | Up to 80% | |
| BANKWEST | Complete Fixed Home Loan Package (Owner Occupied) - 80.01% to 90% LVR with LMI | 5 Years | 6.09% | 6.70% | 8001% | |
| BANKWEST | Complete Fixed Home Loan Package (Owner Occupied) - 90.01% to 95% LVR with LMI | 5 Years | 6.49% | 6.96% | 9001% | |
| BANKWEST | Complete Fixed Home Loan Package (Owner Occupied) - 95.01% to 98% LVR with LMI | 5 Years | 7.19% | 8.14% | 9501% | |
| BANKWEST | Complete Fixed Home Loan Package (Investor) - Up to 90% LVR with LMI | 5 Years | 5.99% | 7.15% | Up to 90% | |
| BANKWEST | Complete Fixed Home Loan Package (Investor) - 90.01% to 95% LVR with LMI | 5 Years | 6.89% | 7.54% | 9001% |
Bendigo Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| BENDIGO BANK | Complete Home Loan - Owner occupied fixed principal and interest |
5 years | 5.59% | 5.93% | ||
| BENDIGO BANK | Complete Home Loan - Owner occupied fixed interest only | 5 years | 6.09% | 6.12% | ||
| BENDIGO BANK | Express Home Loan - Fixed Rate principal and interest |
5 years | 5.49% | 5.71% | ||
| BENDIGO BANK | Express Home Loan - Fixed Rate interest only | 5 years | 5.99% | 5.91% | ||
| BENDIGO BANK | Complete Home Loan - Investor fixed principal and interest |
5 Years | 5.79% | 6.16% | ||
| BENDIGO BANK | Complete Home Loan - Investor fixed interest only | 5 Years | 5.89% | 6.18% | ||
| BENDIGO BANK | Express Home Loan - Investment Fixed Rate principal and interest |
5 Years | 5.69% | 5.91% | ||
| BENDIGO BANK | Express Home Loan - Investment Fixed Rate interest only | 5 Years | 5.79% | 5.94% |
Commonwealth Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| COMMONWEALTH BANK | Fixed Rate Home Loan (Owner Occupied) - 5 year fixed rate | 5 years | 6.44% | 7.59% | $600.00 | |
| COMMONWEALTH BANK | Fixed Rate Home Loan (Owner Occupied) - 5 year fixed rate (with Wealth Package) | 5 years | 6.29% | 7.37% | $0.00 | |
| COMMONWEALTH BANK | Fixed Rate Home Loan (Investment) -5 year fixed rate | 5 years | 5.69% | 7.97% | $600.00 | |
| COMMONWEALTH BANK | Fixed Rate Home Loan (Investment) - 5 year fixed rate (with Wealth Package) | 5 years | 6.44% | 7.75% | $0.00 |
HSBC: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| HSBC | Fixed Rate Home Loan (Owner Occupiers) - Principal and interest - 5 Year with Home Loan Package |
5 years | 5.44% | 5.93% | $0.00 | 60% or less |
| HSBC | Fixed Rate Home Loan (Owner Occupiers) - Principal and interest - 5 Year packaged |
5 years | 5.49% | 6.01% | $0.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Owner Occupiers) - Principal and interest - 5 Year non-packaged |
5 years | 6.24% | 6.76% | $600.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Owner Occupiers) - Principal and interest - 5 Year packaged |
5 years | 5.89% | 6.34% | $0.00 | above 80% |
| HSBC | Fixed Rate Home Loan (Owner Occupiers) - Principal and interest - 5 Year non-packaged |
5 years | 6.24% | 6.92% | $600.00 | above 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Principal and interest - 5 Year with Home Loan Package |
5 years | 5.60% | 6.11% | $0.00 | 60% or less |
| HSBC | Fixed Rate Home Loan (Investors) - Principal and interest - 5 Year packaged |
5 years | 5.65% | 6.19% | $0.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Principal and interest - 5 Year non-packaged |
5 years | 6.40% | 6.94% | $600.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Principal and interest - 5 Year packaged |
5 years | 6.05% | 6.52% | $0.00 | above 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Principal and interest - 5 Year non-packaged |
5 years | 6.40% | 7.10% | $600.00 | above 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Interest only - 5 Year with Home Loan Package |
5 years | 5.74% | 6.20% | $0.00 | 60% or less |
| HSBC | Fixed Rate Home Loan (Investors) - Interest only - 5 Year packaged |
5 years | 5.79% | 6.22% | $0.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Interest only - 5 Year non-packaged |
5 years | 6.54% | 7.00% | $600.00 | 60% to 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Interest only - 5 Year packaged |
5 years | 6.19% | 6.56% | $0.00 | above 80% |
| HSBC | Fixed Rate Home Loan (Investors) - Interest only - 5 Year non-packaged |
5 years | 6.54% | 7.17% | $600.00 | above 80% |
ING Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Principal + Interest (5 year fixed rate) | 5 years | 5.44% | 5.58% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Principal + Interest (5 year fixed rate) | 5 years | 5.44% | 5.58% | $350.00 | LVR is 70.01% to 80% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Principal + Interest (5 year fixed rate) | 5 years | 5.54% | 5.74% | $350.00 | LVR is 80.01% to 90% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Principal + Interest (5 year fixed rate) | 5 years | 5.64% | 5.98% | $350.00 | LVR is 90.01% to 95% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Interest only (5 year fixed rate) | 5 years | 5.84% | 5.75% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers - Interest only (5 year fixed rate) | 5 years | 5.84% | 5.75% | $350.00 | LVR is 70.01% to 80% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Principal + Interest (5 year fixed rate) | 5 years | 5.34% | 5.54% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Principal + Interest (5 year fixed rate) | 5 years | 5.34% | 5.54% | $350.00 | LVR is 70.01% to 80% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Principal + Interest (5 year fixed rate) | 5 years | 5.44% | 5.70% | $350.00 | 8001% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Principal + Interest (5 year fixed rate) | 5 years | 5.54% | 5.94% | $350.00 | 9001% |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Interest only (5 year fixed rate) | 5 years | 5.74% | 5.71% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Owner Occupiers with Orange Advantage - Interest only (5 year fixed rate) | 5 years | 5.74% | 5.71% | $350.00 | LVR is 70.01% to 80% |
| ING Bank | Fixed Rate Home Loan - Investors - Principal + Interest (5 year fixed rate) | 5 years | 5.49% | 5.69% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Investors - Principal + Interest (5 year fixed rate) | 5 years | 5.49% | 5.69% | $350.00 | LVR is 70.01% to 80% |
| ING Bank | Fixed Rate Home Loan - Investors - Principal + Interest (5 year fixed rate) | 5 years | 5.59% | 5.90% | $350.00 | LVR is 80.01% to 90% |
| ING Bank | Fixed Rate Home Loan - Investors - Interest only (5 year fixed rate) | 5 years | 5.64% | 5.75% | $350.00 | LVR is 70% or less |
| ING Bank | Fixed Rate Home Loan - Investors - Interest only (5 year fixed rate) | 5 years | 5.64% | 5.75% | $350.00 | 80% or less |
| ING Bank | Fixed Rate Home Loan - Investors - Interest only (5 year fixed rate) | 5 years | 5.74% | 5.97% | $350.00 | LVR is 80.01% to 90% |
Macquarie Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.39% | 5.56% | ≤ 70% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.39% | 5.79% | ≤ 70% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.49% | 5.63% | ≤ 80% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.49% | 5.86% | ≤ 80% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.99% | 6.41% | ≤ 95% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.99% | 6.63% | ≤ 95% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Interest Only | 5 years | 5.69% | 5.86% | ≤ 70% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Interest Only Offset | 5 years | 5.69% | 6.08% | ≤ 70% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Interest Only | 5 years | 5.79% | 5.96% | ≤ 80% | |
| MACQUARIE BANK | Fixed Rate Home Loan - Owner occupied fixed rates (5 year fixed rate) Interest Only Offset | 5 years | 5.79% | 6.18% | ≤ 80% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.55% | 5.68% | ≤ 70% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.55% | 5.91% | ≤ 70% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.65% | 5.78% | ≤ 80% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.65% | 6.01% | ≤ 80% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest | 5 years | 5.89% | 6.37% | ≤ 90% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Principal and Interest Offset | 5 years | 5.89% | 6.59% | ≤ 90% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Interest Only | 5 years | 5.69% | 5.86% | ≤ 70% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Interest Only Offset | 5 years | 5.69% | 6.08% | ≤ 70% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Interest Only | 5 years | 5.79% | 5.96% | ≤ 80% | |
| MACQUARIE BANK | Home Loan - Investment fixed rates (5 year fixed rate) Interest Only Offset | 5 years | 5.79% | 6.18% | ≤ 80% |
National Australia Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.16% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.16% | $0.00 | 6001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.27% | $0.00 | 7001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.89% | 6.31% | $0.00 | 8001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.37% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.37% | $0.00 | 6001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.48% | $0.00 | 7001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.39% | 6.53% | $0.00 | 8001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.41% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.41% | $0.00 | 6001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.52% | $0.00 | 7001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.57% | $0.00 | 8001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.46% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.46% | $0.00 | 6001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.57% | $0.00 | 7001% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.19% | 6.61% | $0.00 | 8001% |
St. George Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| ST. GEORGE BANK | Owner Occupier (Principal & Interest) packaged (5 year fixed rate) | 5 years | 5.89% | 6.27% | $600.00 | |
| ST. GEORGE BANK | Owner Occupier (Interest Only) packaged (5 year fixed rate) | 5 years | 6.39% | 6.46% | $600.00 |
Suncorp Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| SUNCORP BANK | Home Package Plus - Principal and Interest (5 Year Fixed^ <=80% LVR) - Personal/Owner | 5 years | 5.59% | 6.05% | $600.00 | <=80% |
| SUNCORP BANK | Home Package Plus - Principal and Interest (5 Year Fixed^ 80.01 - 90% LVR) - Personal/Owner | 5 years | 5.79% | 6.29% | $600.00 | 8001% |
| SUNCORP BANK | Home Package Plus - Principal and Interest (5 Year Fixed^ <=80% LVR) - Investment | 5 years | 5.74% | 6.21% | $600.00 | <=80% |
| SUNCORP BANK | Home Package Plus - Principal and Interest (5 Year Fixed^ 80.01 - 90% LVR) - Investment | 5 years | 5.94% | 6.65% | $600.00 | 8001% |
| SUNCORP BANK | Home Package Plus - Interest Only (5 Year Fixed^ <=80% LVR) - Investment | 5 years | 5.74% | 6.19% | $600.00 | <=80% |
| SUNCORP BANK | Home Package Plus - Interest Only (5 Year Fixed^ 80.01 - 90% LVR) - Investment | 5 years | 5.94% | 6.63% | $600.00 | 8001% |
| SUNCORP BANK | Home Package Plus - First Home Buyer (5 Year Fixed^ <=95% LVR) - Principal and Interest | 5 years | 5.59% | 6.31% | $990.00 | <=95% |
| SUNCORP BANK | Fixed Rates (≤90% LVR) - Owner Occupied loans with Interest Only Repayments 4 year fixed | 5 years | 6.14% | 7.72% | $600.00 | ≤90% |
UBank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 60%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.95% | Up to 60% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 70%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.95% | Up to 70% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 80%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.98% | Up to 80% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 85%) - Owner Occupied - 5 year | 5 years | 5.79% | 6.15% | Up to 85% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 60%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.93% | Up to 60% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 70%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.93% | Up to 70% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 80%) - Owner Occupied - 5 year | 5 years | 5.79% | 5.96% | Up to 80% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 60%) - Investor - 5 year | 5 years | 5.79% | 6.01% | Up to 60% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 70%) - Investor - 5 year | 5 years | 5.79% | 6.03% | Up to 70% | |
| UBANK | Flex Fixed (Principal and interest (P&I) with a LVR up to 80%) - Investor - 5 year | 5 years | 5.79% | 6.06% | Up to 80% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 60%) - Investor - 5 year | 5 years | 5.79% | 5.99% | Up to 60% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 70%) - Investor - 5 year | 5 years | 5.79% | 6.02% | Up to 70% | |
| UBANK | Flex Fixed (Interest only (IO) with a LVR up to 80%) - Investor - 5 year | 5 years | 5.79% | 6.04% | Up to 80% |
Westpac Bank: 5-year fixed mortgage rate
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Owner Occupier/ Principal and Interest - 5 year fixed term | 5 years | 6.19% | 7.62% | $600.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Owner Occupier/ Principal and Interest - 5 year fixed term Premier Advantage Package | 5 years | 5.89% | 6.40% | $0.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Owner Occupier/ Interest Only - 5 year fixed term | 5 years | 6.69% | 7.86% | $600.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Owner Occupier/ Interest Only - 5 year fixed term Premier Advantage Package | 5 years | 6.39% | 6.59% | $0.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Investor/ Principal and Interest - 5 year fixed term | 5 years | 6.39% | 8.00% | $600.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) - Investor/ Principal and Interest - 5 year fixed term Premier Advantage Package | 5 years | 6.09% | 6.60% | $0.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) -Investor/ Interest Only - 5 year fixed term | 5 years | 6.49% | 8.07% | $600.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) -Investor/ Interest Only - 5 year fixed term Premier Advantage Package | 5 years | 6.19% | 6.62% | $0.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) -Investor/ Interest Only in Advance - 5 year fixed term | 5 years | 6.29% | 8.10% | $600.00 | Up to 70% |
| WESTPAC BANK | Fixed rate home loan (with LVR+ up to 70%) -Investor/ Interest Only in Advance - 5 year fixed term Premier Advantage Package | 5 years | 5.99% | 6.62% | $0.00 | Up to 70% |
5-year fixed mortgage rates FAQs
Is it worth taking a 5-year fixed mortgage?
Choosing the best mortgage rates for 5 years fixed can offer stability and predictability, making it easier to manage your budget. With a fixed interest rate, you are protected from rate increases, providing peace of mind.
This type of mortgage may not suit everyone, especially if you might benefit from falling interest rates or need more flexible loan features.
Definition of a 5-year fixed mortgage
This type of short-term home loan comes with an interest rate of five years. This ensures consistent monthly repayments during the fixed term, aiding financial planning.
Pros of 5-year fixed mortgage rates
- stable repayments: fixed monthly payments for five years
- predictability: protection against interest rate hikes
- budget accuracy: easier financial management
Cons of 5-year fixed mortgage rates
- limited features: often fewer options for additional repayments
- break fees: penalties for early repayment or breaking the term
- no repayment reduction: payments remain the same even if rates fall
Considering these points, 5-year fixed mortgage rates can provide significant benefits but also come with limitations. It's essential to assess your financial situation and goals before deciding.
Is it better to get a 2- year or 5-year fixed mortgage?
Deciding between the two types of fixed mortgage depends on your financial goals and market conditions. A 2-year fixed mortgage offers flexibility and may have lower interest rates. In contrast, a 5-year fixed mortgage provides stability and protection against rising rates. Evaluating your financial situation and plans is essential to making the best choice.
Difference between two and five-year fixed-rate mortgages
A 2-year fixed mortgage locks in your interest rate for two years, while a 5-year fixed mortgage secures it for five years. The shorter term of the 2-year mortgage offers more frequent opportunities to refinance or switch products, while the 5-year mortgage provides longer-term stability.
Do interest rates vary between two and five-year mortgages?
Yes, the interest rates on 2-year and 5-year fixed mortgages typically differ. Usually, 2-year fixed mortgage rates are lower due to the shorter commitment, while 5-year fixed mortgage rates are higher, reflecting the extended security they offer.
Choosing the right mortgage for your needs
- financial stability: if you value stable, predictable payments, 5-year fixed mortgage rates may be better for your financial requirements
- flexibility: if you anticipate changes in your financial situation or market conditions, a 2-year fixed mortgage might be preferable
- market outlook: consider interest rate trends; locking in 5-year fixed mortgage rates could be beneficial if rates are expected to rise
Can I get out of a 5-year fixed mortgage?
Yes, you can get out of a 5-year fixed mortgage, but it often comes with significant costs. Breaking a fixed-rate contract early typically incurs break fees, which can be substantial depending on the remaining loan term and current interest rates. It's important to understand these costs before deciding.
Break fees and penalties
- break costs: fees charged for early repayment, compensating the lender for lost interest
- administration fees: additional costs associated with processing the break
Factors influencing break costs
- interest rate movements: higher fees if market rates are lower than your fixed rate
- loan balance and term: larger balances and longer remaining terms result in higher fees
Alternatives to breaking a fixed mortgage
- faster fixed rate loan payment: some banks allow you to make extra repayments of up to $10,000 per year without incurring break fees.
- increase home loan: consider a separate home loan if you need additional funds
- finish your contract: avoid break costs by completing the fixed-rate term
Considerations before breaking a fixed mortgage
- refinancing: weigh the benefits of a new loan against the break costs
- financial goals: align decisions with long-term financial plans
What is the highest ever mortgage rate in Australia?
The highest point a mortgage rate in Australia peaked was 17.50% in January 1990. This peak resulted from the economic conditions and high inflation during that period. A historical examination of the Australian mortgage rates can help you identify trends in the mortgage industry.
Assessing the historical context behind the mortgage market can provide insight into future trends for 5-year fixed mortgage rates.
How does the cash rate influence mortgages?
The cash rate, set by the Reserve Bank of Australia (RBA), represents the interest rate banks pay to borrow funds. It directly influences home loan interest rates. Variable-rate loans feel the full impact of these changes, while fixed-rate loans are protected for their term but may adjust significantly afterwards.
Historical cash rate movements
The cash rate is a benchmark interest rate set by the RBA, influencing various financial products. Historically, the cash rate has varied greatly:
- 1974-1995: over 10%
- 1990: peaked at 17.50%
- recent decades: generally stable between 4% and 8%
Economic factors like inflation, employment, and global events influence these rates.
Impact on mortgage rates and home loans
High cash rates in the late 20th century resulted in high mortgage rates, with the standard variable rate reaching around 17%. Recent lower cash rates have made borrowing cheaper, with the average standard variable rate now around 6.3%. Despite these lower rates, increased property values have made home loans more challenging to afford.
Tips to mitigate rising home loan rates
- assess budget: cut unnecessary expenses, negotiate better deals
- reduce LVR: increase your equity in the home by making extra repayments
- high-interest savings: maximise returns on your savings
- offset account: reduce interest on your loan with an offset
- compare rates: regularly check for better loan rates
- negotiate with lender: seek lower rates from your current lender
- consider refinancing: look into refinancing for better terms
- fixed rates: secure fixed mortgage rate to protect against future increases
Predictions for interest rate trends
Monitoring economic trends and RBA announcements can help anticipate changes. When the cash rate changes, mortgage rates, including 5-year fixed mortgage rates, typically adjust as well.
Figuring out when interest rates will decrease is challenging due to varying predictions. Economists generally agree that the first RBA rate cut will likely occur in late 2024, despite lower-than-expected inflation figures.
