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Home Lender of the Year
Newcastle Permanent
Newcastle Permanent
Why? Newcastle Permanent Building Society has the most award winning home loans across the Experts Choice Home Loan Award categories.
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Major Bank Home Lender of the Year
ANZ
ANZ
Why? ANZ has the lowest cost portfolio of home loans across the Experts Choice Award categories of the major big 4 banks
Find out more
Best Value Variable Home Loan
We compared 261 variable rate home loans in our database from 80 lenders to find Australia's lowest cost variable rate home loans over 5 years. To qualify for the award, home loans must allow for a loan-to-value ratio (LVR) of 80%, allow principal and interest repayments and be available for a loan of $350,000. Here are the home loans awarded Experts Choice Award honours.
We compared 261 variable rate home loans in our database Read more...
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Bank AustraliaBasic Home Loan (Owner Occupier)
| Interest rate | 4.10% |
| Comparison rate^ | 4.14% |
Go to site -
| Interest rate | 4.10% |
| Comparison rate^ | 4.14% |
more info -
Community First Credit Union
Community First Credit UnionTrue Basic Home Loan (LVR<80%)
| Interest rate | 4.35% |
| Comparison rate^ | 4.43% |
Find out more -
| Interest rate | 4.35% |
| Comparison rate^ | 4.43% |
more info -
CUAFresh Start Basic Variable Home Loan (Owner Occupier)
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
Find out more -
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
more info -
Easy StreetBasic Variable Home Loan (LVR 80% or less)
| Interest rate | 4.35% |
| Comparison rate^ | 4.38% |
Find out more -
| Interest rate | 4.35% |
| Comparison rate^ | 4.38% |
more info -
FreedomlendVariable Home Loan (LVR<80%, Principal & Interest, Owner Occupier)
| Interest rate | 3.98% |
| Comparison rate^ | 3.99% |
Find out more -
| Interest rate | 3.98% |
| Comparison rate^ | 3.99% |
more info -
HomestarOwner Occupier Loan (LVR<85%, Principal & Interest)
| Interest rate | 3.69% |
| Comparison rate^ | 3.72% |
Find out more -
| Interest rate | 3.69% |
| Comparison rate^ | 3.72% |
more info -
HomestarVariable Rate Loan (Owner Occupier)
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
Find out more -
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
more info -
HSBCHome Value Loan (Owner Occupier)
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
Find out more -
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
more info -
QPCUDiscounted Classic Home Loan (Owner Occupier, Principal & Interest)
| Interest rate | 4.07% |
| Comparison rate^ | 4.08% |
Find out more -
| Interest rate | 4.07% |
| Comparison rate^ | 4.08% |
more info -
UBankUHomeLoan - Value Offer (Owner Occupier, Principal & Interest)
| Interest rate | 3.99% |
| Comparison rate^ | 3.99% |
Go to site -
| Interest rate | 3.99% |
| Comparison rate^ | 3.99% |
more info
Best Value Variable Home Loan - Major Bank
Of the 18 major bank variable rate homes loans that were eligible for an award in the variable home loan category, here’s the Experts Choice Award winner for best value.
Of the 18 major bank variable rate homes loans that were Read more...
Best Value Variable Investor Loan
Here are the winning variable rate loans taking out Experts Choice Award honours in the investor category. To qualify, the loan must allow an LVR of 80%, be available for a loan of $350,000, allow interest only repayments and have a 100% offset facility.
Here are the winning variable rate loans taking out Experts Read more...
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FreedomlendVariable Home Loan (LVR<80%, Interest only, Investment)
| Interest rate | 4.38% |
| Comparison rate^ | 4.39% |
Find out more -
| Interest rate | 4.38% |
| Comparison rate^ | 4.39% |
more info -
G&C Mutual BankPremium Home Loan (Investment) (Package)
| Interest rate | 4.24% |
| Comparison rate^ | 4.61% |
Find out more -
| Interest rate | 4.24% |
| Comparison rate^ | 4.61% |
more info -
Greater BankDiscount Ultimate Home Loan (LVR<85%, over $150K, Investment) (Package)
| Interest rate | 4.14% |
| Comparison rate^ | 4.52% |
Find out more -
| Interest rate | 4.14% |
| Comparison rate^ | 4.52% |
more info -
HomestarVariable Rate Loan (Investment)
| Interest rate | 4.28% |
| Comparison rate^ | 4.33% |
Find out more -
| Interest rate | 4.28% |
| Comparison rate^ | 4.33% |
more info -
Illawarra Credit UnionVariable Home Loan (Investment)
| Interest rate | 4.35% |
| Comparison rate^ | 4.49% |
Go to site -
| Interest rate | 4.35% |
| Comparison rate^ | 4.49% |
more info -
MEFlexible Home Loan (Investment, LVR<80%) (Member Package)
| Interest rate | 4.29% |
| Comparison rate^ | 4.69% |
Find out more -
| Interest rate | 4.29% |
| Comparison rate^ | 4.69% |
more info -
Qudos BankLow Cost Home Loan (Investment) (Package)
| Interest rate | 4.94% |
| Comparison rate^ | 4.94% |
Find out more -
| Interest rate | 4.94% |
| Comparison rate^ | 4.94% |
more info -
State CustodiansStandard Variable (LVR<80%, Investment)
| Interest rate | 4.39% |
| Comparison rate^ | 4.72% |
Go to site -
| Interest rate | 4.39% |
| Comparison rate^ | 4.72% |
more info -
State CustodiansBreathe Easy (LVR<80%, Investment)
| Interest rate | 4.52% |
| Comparison rate^ | 4.55% |
Go to site -
| Interest rate | 4.52% |
| Comparison rate^ | 4.55% |
more info -
Victoria Teachers Mutual Bank
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Investment) (Package)
| Interest rate | 4.39% |
| Comparison rate^ | 4.71% |
Find out more -
| Interest rate | 4.39% |
| Comparison rate^ | 4.71% |
more info
Best Value Offset Home Loan
Having a home loan with a 100% offset account can help you to save money over the life of your home loan. We compared variable rate loans in our database available for a loan of $350,000 with a 100% offset account. Experts Choice Awards went to 10 home loans with the lowest average cost over 5 years.
Having a home loan with a 100% offset account can help you Read more...
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Australian UnityHealth, Wealth and Happiness Variable Rate (Owner Occupier) (Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
more info -
FreedomlendVariable Home Loan (LVR<80%, Principal & Interest, Owner Occupier)
| Interest rate | 3.98% |
| Comparison rate^ | 3.99% |
Find out more -
| Interest rate | 3.98% |
| Comparison rate^ | 3.99% |
more info -
Gateway Credit UnionVariable Rate Home Loan (LVR<80%, Owner Occupier, Principal & Interest) (Premium Package)
| Interest rate | 3.98% |
| Comparison rate^ | 4.28% |
Go to site -
| Interest rate | 3.98% |
| Comparison rate^ | 4.28% |
more info -
HomestarVariable Rate Loan (Owner Occupier)
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
Find out more -
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
more info -
Illawarra Home LoansBank Beater Home Loan (Owner Occupier, LVR<80%)
| Interest rate | 3.99% variable for 60 months and then 3.94% |
| Comparison rate^ | 4.32% |
Find out more -
| Interest rate | 3.99% variable for 60 months and then 3.94% |
| Comparison rate^ | 4.32% |
more info -
Newcastle PermanentDiscounted Variable Home Loan (Owner Occupier) (Premium Plus Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
more info -
P&N Bank& Home Loan (Package)
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
Find out more -
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
more info -
State CustodiansStandard Variable (LVR<80%, Owner Occupier)
| Interest rate | 3.99% |
| Comparison rate^ | 4.32% |
Go to site -
| Interest rate | 3.99% |
| Comparison rate^ | 4.32% |
more info -
State CustodiansBreathe Easy (LVR<80%, Owner Occupier)
| Interest rate | 4.12% |
| Comparison rate^ | 4.15% |
Go to site -
| Interest rate | 4.12% |
| Comparison rate^ | 4.15% |
more info -
Victoria Teachers Mutual Bank
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Package)
| Interest rate | 4.04% |
| Comparison rate^ | 4.37% |
Find out more -
| Interest rate | 4.04% |
| Comparison rate^ | 4.37% |
more info
Best Value Offset Home Loan - Major Bank
Of the major bank variable rate homes loans that were eligible for an award in the variable home loan category, here’s the Experts Choice Award winner for best value offset home loan.
Of the major bank variable rate homes loans that were Read more...
Best Value First Home Loan
To find Australia's best value first home loan for owner occupiers we compared all variable rate loans in our database which are available for first time borrowers with less than a 20% deposit. Costs were compared over 5 years and here’s the Experts Choice for 2015. See full methodology here.
To find Australia's best value first home loan for owner Read more...
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AMPEssential Home Loan (Owner Occupier)
| Interest rate | 4.08% |
| Comparison rate^ | 4.10% |
Find out more -
| Interest rate | 4.08% |
| Comparison rate^ | 4.10% |
more info -
Australian UnityHealth, Wealth and Happiness Variable Rate (Owner Occupier) (Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
more info -
Bank AustraliaBasic Home Loan (Owner Occupier)
| Interest rate | 4.10% |
| Comparison rate^ | 4.14% |
Go to site -
| Interest rate | 4.10% |
| Comparison rate^ | 4.14% |
more info -
Heritage BankDiscount Variable Home Loan Special (Owner Occupier)
| Interest rate | 4.08% |
| Comparison rate^ | 4.09% |
Find out more -
| Interest rate | 4.08% |
| Comparison rate^ | 4.09% |
more info -
HomestarVariable Rate Loan (Owner Occupier)
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
Find out more -
| Interest rate | 3.73% |
| Comparison rate^ | 3.76% |
more info -
HSBCHome Value Loan (Owner Occupier)
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
Find out more -
| Interest rate | 3.99% |
| Comparison rate^ | 4.05% |
more info -
Newcastle PermanentDiscounted Variable Home Loan (Owner Occupier) (Premium Plus Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
more info -
P&N Bank& Home Loan (Package)
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
Find out more -
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
more info -
QPCUDiscounted Classic Home Loan (Owner Occupier, Principal & Interest)
| Interest rate | 4.07% |
| Comparison rate^ | 4.08% |
Find out more -
| Interest rate | 4.07% |
| Comparison rate^ | 4.08% |
more info -
QT Mutual BankMortgage Saver (Owner Occupier)
| Interest rate | 4.13% |
| Comparison rate^ | 4.14% |
Find out more -
| Interest rate | 4.13% |
| Comparison rate^ | 4.14% |
more info
Best Value First Home Loan - Major Bank
Here’s the Experts Choice Award winner for best value first home loan from a major bank. Loans were judged on the same criteria from the overall category.
Here’s the Experts Choice Award winner for best value first Read more...
Best Value Home Loan Package
A home loan package allows borrowers to bundle banking products to save. We compared all home loan packages available for owner occupiers in our database. To qualify for this award loans must allow for a LVR of 80%, have a 100% offset account, include a no annual fee credit card and a bank account with no service fee. Costs were compared over 5 years to find the best value home loan packages. Here are the Experts Choice winners:
A home loan package allows borrowers to bundle banking Read more...
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Australian UnityHealth, Wealth and Happiness Variable Rate (Owner Occupier) (Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.12% |
more info -
G&C Mutual BankPremium Home Loan (Owner Occupier) (Package)
| Interest rate | 3.99% |
| Comparison rate^ | 4.37% |
Find out more -
| Interest rate | 3.99% |
| Comparison rate^ | 4.37% |
more info -
Heritage BankVariable Rate Loan (Owner Occupier) (Home Advantage)
| Interest rate | 4.08% |
| Comparison rate^ | 4.44% |
Find out more -
| Interest rate | 4.08% |
| Comparison rate^ | 4.44% |
more info -
MEFlexible Home Loan (Owner Occupier, LVR<80%) (Member Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.50% |
Find out more -
| Interest rate | 4.09% |
| Comparison rate^ | 4.50% |
more info -
Newcastle PermanentDiscounted Variable Home Loan (Owner Occupier) (Premium Plus Package)
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
Go to site -
| Interest rate | 4.09% |
| Comparison rate^ | 4.45% |
more info -
P&N Bank& Home Loan (Package)
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
Find out more -
| Interest rate | 4.15% |
| Comparison rate^ | 4.16% |
more info -
Victoria Teachers Mutual Bank
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Package)
| Interest rate | 4.04% |
| Comparison rate^ | 4.37% |
Find out more -
| Interest rate | 4.04% |
| Comparison rate^ | 4.37% |
more info
Best Value Home Loan Package - Major Bank
We compared all major bank (ANZ, Commonwealth Bank, NAB and Westpac) home loan packages available for owner occupiers in our database. Qualification criteria for this award was the same as the overall best value home loan package category.
We compared all major bank (ANZ, Commonwealth Bank, NAB and Read more...
Best Value Fixed Rate Home Loan
We compared 131 loans from 77 lenders in our database to find the lenders with Australia's best value fixed rate home loans. To qualify for the awards, loans must allow a LVR of 80%. The 10 fixed rate loans below made our Experts Choice cut for the lowest average cost. More on our methodology here.
We compared 131 loans from 77 lenders in our database to Read more...
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Beyond BankFixed Home Loan (Pinnacle +Plus)
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.84% |
Find out more -
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.84% |
more info -
Gateway Credit UnionFixed Rate Home Loan Special (LVR<80%, Owner Occupier) (Premium Package)
| 3 Year Fixed Rate | 4.09% |
| Comparison rate^ | 4.87% |
Find out more -
| 3 Year Fixed Rate | 4.09% |
| Comparison rate^ | 4.87% |
more info -
Greater BankDiscount Ultimate Home Loan (LVR<85%, over $150k, Owner Occupier) (Fixed, Package)
| 3 Year Fixed Rate | 4.09% |
| Comparison rate^ | 4.54% |
Go to site -
| 3 Year Fixed Rate | 4.09% |
| Comparison rate^ | 4.54% |
more info -
Greater BankGreat Rate Home Loan (LVR<85%, over $150k) (Fixed, Owner Occupier)
| 3 Year Fixed Rate | 4.29% |
| Comparison rate^ | 4.37% |
Find out more -
| 3 Year Fixed Rate | 4.29% |
| Comparison rate^ | 4.37% |
more info -
Illawarra Credit UnionFixed Home Loan (Owner Occupier)
| 3 Year Fixed Rate | 3.89% |
| Comparison rate^ | 4.27% |
Go to site -
| 3 Year Fixed Rate | 3.89% |
| Comparison rate^ | 4.27% |
more info -
MyStateFixed Rate Loan (LVR<80%, Owner Occupier)
| 3 Year Fixed Rate | 4.18% |
| Comparison rate^ | 5.17% |
Find out more -
| 3 Year Fixed Rate | 4.18% |
| Comparison rate^ | 5.17% |
more info -
Newcastle PermanentFixed Rate Home Loan (Owner Occupier)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.98% |
Go to site -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.98% |
more info -
Police Credit UnionFixed Rate Home Loan (LVR<80%)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 5.06% |
Find out more -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 5.06% |
more info -
Queenslanders Credit Union
Queenslanders Credit UnionFixed Rate Home Loan (Principal & Interest)
| 3 Year Fixed Rate | 4.49% |
| Comparison rate^ | 4.78% |
Find out more -
| 3 Year Fixed Rate | 4.49% |
| Comparison rate^ | 4.78% |
more info -
UBankUHomeLoan (Owner Occupier, Principal & Interest) (Fixed)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.26% |
Go to site -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.26% |
more info
Best Value Fixed Rate Home Loan - Major Bank
Of the 10 fixed rate home loan products available from the major bank lenders, here’s the one that offers the best value according to Mozo’s money experts.
Of the 10 fixed rate home loan products available from the Read more...
Best Value Fixed Investor Loan
To qualify for an Experts Choice Award in our Fixed investor loan category, the loan must allow an LVR of 80%, be available for a loan of $350,000 and allow interest only repayments.
To qualify for an Experts Choice Award in our Fixed investor Read more...
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Beyond BankFixed Home Loan (Pinnacle +Plus)
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.84% |
Find out more -
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.84% |
more info -
Beyond BankFixed Rate Total Home Loan (Package)
| 3 Year Fixed Rate | 4.19% |
| Comparison rate^ | 5.04% |
Find out more -
| 3 Year Fixed Rate | 4.19% |
| Comparison rate^ | 5.04% |
more info -
G&C Mutual Bank3 Year Fixed Rate (Investment)
| 3 Year Fixed Rate | 4.34% |
| Comparison rate^ | 4.38% |
Find out more -
| 3 Year Fixed Rate | 4.34% |
| Comparison rate^ | 4.38% |
more info -
Greater BankDiscount Ultimate Home Loan (LVR<85%, over $150k, Investment) (Fixed, Package)
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.69% |
Find out more -
| 3 Year Fixed Rate | 4.24% |
| Comparison rate^ | 4.69% |
more info -
Illawarra Credit UnionFixed Home Loan (Investment)
| 3 Year Fixed Rate | 4.20% |
| Comparison rate^ | 4.45% |
Find out more -
| 3 Year Fixed Rate | 4.20% |
| Comparison rate^ | 4.45% |
more info -
Newcastle PermanentFixed Rate Home Loan (Investment)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.98% |
Find out more -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.98% |
more info -
Police Credit UnionFixed Rate Home Loan (LVR<80%)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 5.06% |
Find out more -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 5.06% |
more info -
Queensland Country Credit Union
Queensland Country Credit UnionFixed Rate Home Loan (Investment)
| 3 Year Fixed Rate | 4.39% |
| Comparison rate^ | 5.17% |
Find out more -
| 3 Year Fixed Rate | 4.39% |
| Comparison rate^ | 5.17% |
more info -
UBankUHomeLoan (Investment) (Fixed)
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.47% |
Find out more -
| 3 Year Fixed Rate | 3.99% |
| Comparison rate^ | 4.47% |
more info
^ The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Back to top About the Mozo Experts Choice Awards
Mozo assessed 392 home loans products from 86 lenders for the Mozo Experts Choice Home Loan Awards.
The rates and fees used to calculate the awards were confirmed as correct between 8th March and 15th April 2016. Some rates and fees may have changed.
For the Experts Choice Awards Mozo awards Gold medals to the top 10% of products, to a maximum of 10 individual products, meeting the selection criteria in each awards category. In the ‘major bank’ category only one medal was awarded.
Mozo has been researching and comparing financial products since 2008, and hundreds of thousands of Australians use our comparison services each month. Our research team is headed by our Research & Insights Director and our Product Data Manager who have over 50 years of financial services experience and 21 years in online financial comparison.
More information on the methodology and home loans awards criteria can be found here.
Tips on choosing the best home loan
If you’re reading this, then congrats. You’re already on the best page of our site for finding the best value home loans in the Australian market. Every year our money experts compare all the home loans they can get their hands on (392 this year) to work out which lenders and home loan loan products deliver the best value based on cost. Now of course, one of the reasons there are so many home loan categories in our Experts Choice Awards is because there isn’t one best home loan for everyone, but there is a best home loan for you. Here’s some tips on how to go about finding it:
1. Fixed or Variable, what’s best?
Variable rate home loans have traditionally been more popular with borrowers because they have lower interest rates than fixed rate home loans. But the risk with a variable rate home loan is that at anytime your bank can decide to change its rates and if they decide to increase them this means your home loan repayments will increase as a result. If you don’t like the idea of this happening to you because you are on a tight budget, you have a choice of choosing a fixed rate home loan. This means that during the fixed rate term (which will be between 1 - 5 years) your home loans repayments will not change. An option available on many of the home loans among our Experts Choice Award winners is to split your home loan amount between a variable and fixed option.
2. Package or cherry pick top products?
One of the options available to borrowers is a home loan package. This is where a lender will bundle the home loan with other banking product discounts like a fee free credit card or bank account. But there is usually an annual fee with these home loan packages, so make sure that the overall savings you’ll make by bundling will be more than if you cherry picked the best products from a variety of banking providers.
3. Flexible features
Most home loans are taken out over a long period of time and it’s very likely that your financial needs will change over time. It is important to look for a home loan that has flexible features that will allow you to save money over the long run or give you flexibility if you need it. Having an offset account attached to your home loan is one of the best ways to reduce the amount of interest you pay on your home loan. Every cent you keep in your offset account, will reduce the amount of interest you are paying. Having the ability to make extra repayments will also help reduce the time it takes to pay off your loan. The good thing is that most variable loans that allow extra repayments will also have a redraw facility that you can tap into later on if you need to.
4. Investor or owner-occupier
There are differences these days to the loans that you will be able to apply for as an investor or if you are borrowing money for a property that you plan to live in. Banks now require you to have a full 20% deposit as an investor, whereas if you are an owner-occupier, you could get a loan with as little as 5% down payment (you will still be required to pay lenders mortgage insurance for anything less than a 20% deposit). The other important difference is that often on an investment loan the interest rates will be higher, so be sure to shop around for the most competitive deal for you.
