Different Rate Types Interest Rate Comparison Rate Contact Us
Current RBA Cash Rate 1.50% N/A Apply Now
Average Standard Variable Rate* 5.38% N/A Apply Now
Best Variable Rate for Non-Residents** 3.88% 3.89% Apply Now
Best 3 Year Fixed Interest Rate for Non-Residents** 3.74% 4.79% Apply Now
Best 5 Year Fixed Interest Rate for Non-Residents** 3.99% 4.70% Apply Now

* This is the average of the standard variable interest rate of mortgages from Australia’s four major banks.
** This interest rate includes a professional discount and is indicative only. The final rate will depend on the amount you are borrowing and the LVR. Borrowers must meet professional package qualifying criteria and lending policy. You may qualify for a lower interest rate if you have a large loan amount.

Where can I find the best interest rates?

Are you looking for the best possible interest rate for your circumstances? Our mortgage brokers are specialists in a wide variety of Australian home loan types.

Call us internationally on +61 2 9194 1700 or enquire online and one of our brokers can help find the lowest interest rates for you.

How much can I borrow?

The amount that you can borrow will depend on your citizenship, visa and residency status. For more information please refer to the appropriate section of our website:

  • Australian Expats: If you are an Australian citizen living outside of Australia.
  • Temporary Residents: If you are a citizen of a foreign country and are residing in Australia on a temporary visa such as a 457 visa or partner visa.
  • Foreign Investors: If you are not an Australian citizen and are not residing in Australia.
  • NZ Citizens: If you are a New Zealand citizen then special lending guidelines will apply. If you’re a New Zealand citizen living in NZ, you can borrow up to 90% of the property value!

Your residency status is not the only factor that determines how much you can borrow. Your income and expenditure will also impact your borrowing power.

To get an indication of how much you can afford to borrow check out our ‘How much can I borrow?’ calculator.

Can I get an interest rate discount?

Australian banks often offer special interest rate discounts to their best customers. These deals are known as professional packages.

With professional packages, generally the larger the loan the bigger the discount. These mortgages are usually available for people on higher incomes, with good asset positions or those considered low-risk borrowers.

Normally with a standard professional package you can get a discount of up to 0.7% below the Standard Variable Interest Rate without any negotiation. The interest rates listed above are the cheapest interest rates for non-residents that we can currently negotiate with our panel of lenders.

Depending on the size of the loan and the nature of your situation, bigger or smaller discounts may apply.

What is the RBA cash rate?

The Reserve Bank of Australia (RBA) is Australia’s central bank.

By influencing the money supply they indirectly set the variable interest rate for Australia’s banks. In recent years the Australian banks have seen their cost of funds move independently of the RBA‘s Cash Rate which has caused them to make changes to their home loan interest rates.

Apply for a mortgage

Did you know that many lenders have restricted lending policies for non-residents? Our mortgage brokers are specialists in non-resident lending and know which Australian home loan types will suit your needs.

Call us internationally on +61 2 9194 1700 or enquire online and one of our mortgage brokers can help you find the cheapest interest rates for you.

  • INS

    What about the interest rates on commercial loans? Do you have a page on that too?

  • Hey INS, yes, we do and you can check out the current commercial loan interest rates that are on offer here:

  • Hindmarsh

    Hello, I recently discovered that through a rate tracker home loan, we can save thousands of dollars when the RBA cuts the cash rate. How do these work and can I qualify?

  • Hi Hindmarsh,

    Rate tracker home loans aren’t new and they’re a gimmick that lenders don’t offer for very long. The interest rate offered on the rate tracker home loan is the RBA rate plus a margin. Once the loan is set up, your mortgage will move by the same percentage as any change made to the official cash rate. So the variable rate itself doesn’t match the RBA but instead tracks the percentage change.

    You can check out the rate tracker home loan page to learn more and enquire online directly through there to find out if you qualify:

  • Dale C.

    Is the 5-year fixed interest rate and comparison rate the same or at least similar with most of the lenders who offer this?

  • Hi Dale,

    Unlike with variable rates where most major banks tend to match each other, fixed rate loans rates tend to vary between the banks because fixed rates change every few weeks. Also, the economists working for each of the banks have different opinions as to the likely direction of interest rates in the future. This is why the major banks actually have large differences in their 5 year fixed rates.

  • Rafael

    Is there any loan that has a rate that keeps up regularly with any RBA cash rate changes?

  • Yes, the rate tracker home loan tracks and keeps up with any RBA cash rate changes. If you’d like to learn about how this works, please check out the rate track home loan page here:

  • Willy

    Hello. I am here in Australia on a 804 visa. My son is a PR holder here and I am thinking of using my savings + a loan to buy a house here. Can this be done?

  • Hi Willy,
    Yes, you can get a home loan to buy a house here. Do note that lenders may limit your borrowing power to 80% of the property value or even lower depending on your age and financial situation. If you alone are going to be on the loan title then a solid exit strategy will be needed. Please call 1300 889 743 if you’d like one of our 804 home loan specialists to talk you through the policies.

  • Edward

    Does this work with an aged dependent relative visa subclass 838 too?

  • Yes, Edward. We have 838 visa home loan specialists too so please feel free to contact us if there’s anything you’d like to discuss regarding this.

  • raymond Su Do

    I’m a non resident & trying to refinance my home loan?
    May I know what is the best interest rate i can get?

  • raymond Su Do

    By the way i have provided my info online a few days ago and provided again today but yet to receive any call from any home loan expert.

  • Hi Raymond,
    If you are a foreign citizen then in most cases you would be eligible for rates from 6.99% – 8.49%. There are some options that are cheaper however few customers qualify for them.
    There may be better options in 1 – 2 years as we’re seeing competition heat up between lenders and more funding options are becoming available.