Best Mortgage Rates in Australia 2025 – A Complete Guide
Australia’s property market remains one of the most dynamic in the world, and mortgage rates play a crucial role for both home buyers and investors. As of 2025, the major banks – Commonwealth Bank (CBA), Westpac, NAB, and ANZ – are adjusting their home loan products to remain competitive. In this guide, we break down the best mortgage rates in Australia 2025 and what borrowers should consider before signing a loan.
1. Commonwealth Bank of Australia (CBA)
CBA, the country’s largest bank, recently announced a rate cut to attract new borrowers. Their fixed and variable mortgage products are now among the most competitive in the market.
2. Westpac
Westpac has introduced promotional fixed-rate offers in early 2025, focusing on new customers and first-time buyers.
3. National Australia Bank (NAB)
NAB has been more conservative in reducing its rates but still offers attractive fixed-term deals after the CBA announcement.
4. ANZ
ANZ stands out in 2025 for its aggressive discounts, especially targeting First Home Buyers (FHB) with additional rate cuts.
5. Mortgage Rate Comparison Table (2025)
| Bank | Variable Rate | Fixed Rate |
|---|---|---|
| CBA | ~6.25% | 2Y Fixed – ~6.05% |
| Westpac | ~6.20% | 2Y Fixed – ~6.05% |
| NAB | ~6.30% | 3Y Fixed – ~6.10% |
| ANZ | ~6.15% | 1Y Fixed – ~6.00% |
Conclusion
For 2025, borrowers in Australia have more competitive mortgage options than in previous years. CBA and ANZ are currently leading with aggressive cuts, while NAB and Westpac provide strong alternatives for fixed-rate stability. Before choosing, consider not only the headline interest rate but also fees, package deals, and repayment flexibility.
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