Compare Australian banks offering a variety of home loan products. The rates shown are for owner occupation and investment purposes. Rates shown are subject to change at anytime by the individual lenders.

Standard Variable Loan	Basic Home Loan	Fixed Rates
Professional Home Loans	Introductory Home Loans	Line of Credit

Standard Variable Home Loan - The rate is based on the lender's market variable rate and is subject to change depending on economic conditions; quite a flexible product usually a monthly account keeping fee is charged.

STANDARD VARIABLE

As at 6/01/2009				FEES (in $)
Lender	Product Name	Variable	Comparison	Application	Valuation	Legal	Settle	Monthly	Annual
ANZ Bank	Standard Variable	7.74 %	7.84 %	500	150			10
AMP Bank	Classic Variable Loan	7.87 %	8.02 %	350	0	295	250	10
ING Bank	Smart Home Loan	7.79 %	7.79 %	499		220
Adelaide Bank	Variable Home Loan	7.8 %	7.96 %	595			100	10
Commonwealth Bank	Standard Variable	7.74 %	7.86 %	600				8
Bank of Queensland	Standard Variable	7.74 %	7.86 %	495				8
National Australia Bank	NAB Tailored	7.74 %	7.87 %	600		300	200	10
St George Bank	Standard Variable	7.74 %	7.85 %	600		205	100	10
Westpac Bank	Premium Option	7.71 %	7.84 %	600				8
Citibank	Standard Mortgage	8.09 %	8.22 %	399			250	8
Suncorp	Standard Variable	7.8 %	7.95 %	600				10
Bankwest	Mortgage Shredder	7.65 %	7.86 %	700				15
Bendigo Bank	Variable Home Loan	7.8 %	7.94 %	150			80	8
HSBC Bank	Variable Rate	7.74 %	7.81 %	600	150	300

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top

CASH RATES IN PERSPECTIVE... How do we compare to the rest of the world ? Australia 4.25 % New Zealand 5.00 % Canada 4.25 % United States 0.00 % Japan 0.30 % Euro Area 3.00 % Britain 2.00 % Source: Respective countries’ Central Banks

HOUSEHOLD SAVINGS RATES ... Percentage of disposable household income Australia -1.80 % New Zealand -7.10 % Canada 1.60 % United States 0.50 % Japan 5.00 % Germany 11.10 % Britain 7.40 % Source: OECD Economic Outlook - 2007

Basic Home Loan - This product is a no frills facility with less flexibility than standard variable loans. However provides for a discounted variable rate and can be used for owner occupation and investment purposes.

BASIC HOME LOAN

As at 6/01/2009				FEES (in $)
Lender	Product Name	Variable	Comparison	Application	Valuation	Legal	Settle	Monthly	Annual
ANZ Bank	ANZ Simplicity Plus	7.04 %	7.09 %	500	150			10
Adelaide Bank	Greatsaver Rate	7.27 %	7.33 %	595			100
Bank of Queensland	Economy Home Loan	7.16 %	7.31 %	595				10
Commonwealth Bank	Economiser Variable	7.23 %	7.36 %	600				8
National Australia Bank	NAB Base Variable	7.33 %	7.38 %	600		300	200	10
St George Bank	Basic Home Loan	7.11 %	7.12 %	500	164	205	100	10
Westpac Bank	First Option	7.13 %	7.28 %	600				10
Citibank	Basic Mortgage	7.19 %	7.21 %	399			250		0
AMP Bank	Basic Variable Rate Loan	7.22 %	7.24 %	0	0	295	250	0	0
Suncorp	Back to Basics	7.22 %	7.27 %	600
Bankwest	Lite Home Loan	7.53 %	7.54 %	500
Bendigo Bank	Home Loan Package	7.3 %	7.44 %	150			80	8
ING Bank	Mortgage Simplifier	7.19 %	7.19 %	499		220
HSBC Bank	Home Value Loan	7.13 %	7.2 %	600	150	300

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top

WORLD HOUSING AFFORDABILITY... How do we compare? Australia 0.00 % New Zealand 0.00 % Canada 0.00 % United States 0.00 % Japan 0.00 % Germany 0.00 % Britain 0.00 % Source: OECD Economic Outlook - 2007

AUSTRALIAN ECONOMIC REVIEW... Latest economic published data Inflation 3.60 % Unemployment 4.10 % Wage Price Index 4.70 % House Affordability 5.00 % Average Loan Size $238,000 Average Male Wage $61,167 Average Female Wage $51,558 Source: RBA - ABS - 2008

Fixed Rate Home Loan - This type of loan is the least flexible of loan types. Usually reverts to or rolls over into the Variable Rate Loan or may be fixed for a further period upon its maturity.

FIXED RATES

As at 6/01/2009						FEES (in $)
Lender	1 yr	2 yr	3 yr	4 yr	5 yr	Application	Legal	Settle	Monthly
ANZ Bank	6.99	6.99 %	7.19 %	7.55	7.99	500			10
Adelaide Bank	7.09	7.09 %	7.29 %	7.39	7.39	595		100	10
Bank of Queensland	6.99	6.99 %	7.09 %	7.39	7.39	495			8
Commonwealth Bank	6.59	6.89 %	7.19 %	7.44	7.49	600
National Australia Bank	6.59	6.59 %	6.89 %	7.39	7.39	600	300	200	10
St George Bank	7.14	7.14 %	7.14 %	7.34	7.34	600	205	100	10
Westpac Bank	7.19	7.09 %	7.09 %	7.39	7.39	600			8
Citibank	6.75	6.99 %	7.69 %	7.89	7.89	399		250	8
AMP Bank	7.69	7.69 %	7.69 %		7.99	350	295	250	10
Suncorp	7.29	7.04 %	7.4 %		7.89	600			10
Bankwest	6.29	5.99 %	6.69 %	6.69	6.69	700			15
Bendigo Bank	7.09	7.09 %	7.29 %	7.39	7.39	150		80	8
ING Bank	6.79	6.79 %	6.99 %	7.49	7.49		220
HSBC Bank	5.80	7.15 %	7.39 %	7.39	7.39	600	300	150

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top

Professional Home Loan - This package offers a full array of features with variable rate discount off the standard variable rate; facility for salary crediting usually an annual fee is charged.

PROFESSIONAL HOME LOANS

As at 6/01/2009				FEES (in $)
Lender	Product Name	Variable	Comparison	Application	Valuation	Legal	Settle	Monthly	Annual
ANZ Bank	ANZ Break Free	7.14 %	7.18 %	600	150				340
Adelaide Bank	Mortgage Tamer	7.3 %	7.46 %	595			100	10
Bank of Queensland	Privileges Package	7.34 %	0 %	0				10	375
Commonwealth Bank	Wealth Package	7.14 %	7.26 %						350
National Australia Bank	NAB Choice	7.24 %	7.37 %	600		300	200		375
St George Bank	Portfolio Loan	7.84 %		700	164	205	100	14	200
Westpac Bank	Rocket Repay	7.71 %	7.92 %	600					199
Citibank	Mortgage Plus	7.59 %	7.9 %					12	350
AMP Bank	Professional Package	7.22 %	7.24 %	350	0	295	250		349
Suncorp	- - -
Bankwest	Lite Plus Home Loan	7.43 %	7.46 %	500					360
Bendigo Bank	Loan Package Plus	7.5 %	7.56 %	150			80	8
ING Bank	Smart Home Loan	7.79 %	7.91 %	499		220			180
HSBC Bank	- - -

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top

Introductory Home Loan - Alternatively referred to 'Honey Moon Rate Loan' is usually for 12 months then reverts to the Standard Variable Rate Loan with a monthly account keeping fee charged.

INTRODUCTORY HOME LOANS

As at 6/01/2009				FEES (in $)
Lender	Product Name	Variable	Comparison	Application	Valuation	Legal	Settle	Monthly	Annual
ANZ Bank	- - -
Adelaide Bank	- - -
Bank of Queensland	- - -
Commonwealth Bank	Discounted Variable	6.59 %	7.74 %	600				8
National Australia Bank	NAB Introductory Loan	6.65 %	7.77 %	600		300	200	10
St George Bank	Introductory Variable	5.89 %	7.64 %	600	164	205	100	10
Westpac Bank	1 yr Fixed Rate Loan	6.99 %	7.76 %	600				8
Citibank	- - -
AMP Bank	Introductory Classic Variable	7.29 %	7.38 %	350		295	250	10
Suncorp	Introductory 1 year fixed	7.19 %	7.88 %	600				10
Bankwest	Mortgage Shredder	6.29 %	7.71 %	700				15
Bendigo Bank	- - -
ING Bank	- - -
HSBC Bank	- - -

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top

Line of Credit Line of Credit - This type of loan account offers maximum flexibility. It allows you with full redraw facility. Payments based on interest only with full salary crediting available

LINE OF CREDIT

As at 6/01/2009				FEES (in $)
Lender	Product Name	Variable	Comparison	Application	Valuation	Legal	Settle	Monthly	Annual
ANZ Bank	Equity Manager	7.74 %		500	150				150
Adelaide Bank	HomeBuyer Power rate	7.9 %	8.09 %	595					150
Bank of Queensland	Line of Credit	7.99 %		495				6
Commonwealth Bank	Viridian LOC	7.79 %		600				12
National Australia Bank	Flexi Plus Mortgage	7.89 %		600		300	200		250
St George Bank	Portfolio Loan	7.84 %		700	164	205	100	14	200
Westpac Bank	Equity Access Loan	7.86 %		600				10
Citibank	Mortgage Power	8.36 %		399			250	12
AMP Bank	Classic Line of Credit	8.07 %		350		295	250	10
Suncorp	Asset Line	7.8 %		600				10
Bankwest	Equity Access	7.63 %		325					360
Bendigo Bank	Home Equity Loan	7.9 %		150			80	8
ING Bank	Action Equity Loan	7.79 %	7.79 %	499		220
HSBC Bank	Home Equity	7.82 %		600	150	300	150

The comparison rate is based on a Loan amount of $150,000 for 25 years. Comparison Rate Schedules are available from individual lenders above. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges (Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate). Different terms, fees or other loan amounts might result in a different comparison rate.   Back to top