As of October 2025, securing a favorable home loan Perth requires careful consideration of interest rates, loan features, and the expertise of mortgage brokers. Below is a comprehensive overview to assist prospective homeowners in making informed decisions.
Top Home Loan Rates in Perth
Interest rates have experienced fluctuations throughout 2025, influenced by the Reserve Bank of Australia’s (RBA) monetary policy and market dynamics. As of October, the RBA has maintained the official cash rate at 3.60%, impacting lending rates across the country .
Leading banks in Perth are offering competitive rates:
- Westpac: Offers a variable rate of 5.24% p.a. (comparison rate 5.25%) for owner-occupiers with less than 70% loan-to-value ratio (LVR) .
- Commonwealth Bank of Australia (CBA): Provides a variable rate from 6.14% p.a., known for its extensive loan options and digital banking tools .
- ANZ: Offers a variable rate from 6.02% p.a., with flexible repayment structures and refinancing support .
- National Australia Bank (NAB): Provides a variable rate from 6.04% p.a., popular for its straightforward loan approval process and tailored packages .
For first-time homebuyers, rates as low as 4.64% p.a. (comparison rate 5.06%) are available, depending on the loan amount and eligibility.
Leading Mortgage Brokers in Perth
Engaging a reputable mortgage broker can simplify the home loan process by providing access to a wide range of lenders and loan products. According to the Mortgage & Finance Association of Australia (MFAA), several brokers in Perth have been recognized for their excellence:
- Balpreet Singh Bal (Loan Market Bal & Associates): Awarded Residential Finance Broker of the Year at the 2025 WA State Excellence Awards.
- Momentum Wealth: Received both the Diversified Business Award and Finance Broker Business Award.
- Kurtis Grace (Whiteroom Finance Goldfields): Honored with the Regional Finance Broker Award .
These professionals have demonstrated exceptional client service, compliance, and innovation in the mortgage industry.
Tips for Securing the Best Home Loan
- Compare Multiple Lenders: Interest rates and loan features can vary significantly between lenders. Utilize online comparison tools and consult with mortgage brokers to identify the best options available.
- Consider Fixed vs. Variable Rates: Fixed rates provide stability, while variable rates may offer flexibility. Assess your financial situation and risk tolerance to determine the most suitable choice.
- Explore Government Schemes: The Australian Government’s First Home Guarantee scheme has been expanded to assist first-time homebuyers. This initiative removes the requirement for lender’s mortgage insurance for eligible borrowers with small deposits, potentially saving thousands of dollars and facilitating earlier entry into the property market .
- Negotiate with Your Lender: Don’t hesitate to negotiate with your current lender for better terms. Many borrowers have successfully reduced their rates by initiating discussions.
- Seek Professional Advice: Consulting with a mortgage broker can provide personalized guidance tailored to your financial circumstances, helping you navigate the complexities of home loan options.
Future Outlook
While the RBA has indicated a cautious approach to further rate cuts, it’s essential to stay informed about economic developments that may impact best mortgage rates perth. Regularly reviewing your mortgage terms and exploring refinancing options can help you maintain favorable conditions in a dynamic market.
