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What our clients are saying

    "Marty was fantastic! We swore never to use a broker again after bad experiences with other brokers in the past, and our last loan we negotiated ourselves, however this time we needed a mortgage... " – Blake Millgate
    "It is impossible to exaggerate how highly I rate Mortgage Experts and my experience with Marty McDonald... " – Brendan Arlington
    "Mortgage Experts have provided a fantastic experience in an area that can be complicated and emotional. Marty was always clear and precise and always made time to discuss the matters at hand... " – Brett Parker
    "I was really impressed with Marty's services. He was responsive to emails and calls, considered a range of options, and kept me informed at every stage. He was also very patient... " – Elise Darsow
    "Marty was great to deal with. From initial contact to finding a perfect solution and strategy to our situation to then securing the funding in a tight time frame nothing was too much trouble... " – Nick and Blaise Porter
    "Great service! All the advice I've received in the past has been really helpful. Love the newsletters which keep me updated on developments in the market. Highly recommended! " – Nick Jolly
    "I have used Marty's mortgage brokerage service (Mortgage Experts). He has been professional, resourceful, gone beyond the call of duty in servicing my mortgage. He has been able to... " – Prithvi Moses
    "We’re both really happy to have been able to get this sale across the line and are particularly grateful for you finding us a way to make the finance work! Walking into our new home... " – Sarah Macdonald & Stewart Bovell
    "We found Marty McDonald from Mortgage Experts through a Google search because he had a hugely informative page about family trust loans. Choosing Marty as our broker was a huge blessing... " – Tracey Cools

Current Mortgage Rates

Welcome to our "current mortgage rates" page. At Mortgage Experts, we pride ourselves on being a source of relevant and up-to-date information for current and potential clients. Our aim is to provide you with expert guidance and the data you need to make an informed decision.

Outlined below in our table are some of the most popular loan types available in the Australian market today. Next to each loan type we have provided an indicative current mortgage rate that we would consider competitive. Rather than specific loan and lender information our current mortgage rates are an indicative benchmark for what a competitive interest rate is currently for a particular loan type. 

Our current mortgage rates do not take into account lender fees so are not meant to be true comparison rates. What they can be used for is a starting point if you are in the market for a new loan, if you are thinking of switching loans or you just want to make sure you are not paying too much on your current mortgage! Rates can vary from week to week or even daily especially fixed rates. We provide a date showing when we last updated this page (below the "Current Mortgage Rates Table"). We take no responsibility for the accuracy of this information although we do endeavor to keep it as up to date as possible.

Things we exclude from our rates table:

  • Honeymoon / introductory rates.
  • 1 & 2 year rates that revert to uncompetitive rates.
  • Low rate deals with excessive fees or restrictive conditions.
  • We also try to compare apples with apples so if the RBA has just moved the cash rate we will wait for the majority of lenders to change their variable rates before updating the table below.  

CURRENT MORTGAGE RATES TABLE

HOME LOAN TYPE

INDICATIVE

RATES %

Variable rate home loans, all loan amounts > 90% LVR 5.10%

Variable rate home loans $250,000 - $500,000 <80% LVR
                                                                           >80% LVR

5.00%
5.05%
Variable home loans more than $500,000 < 80% LVR   4.75%
Variable home loans more than $1,000,000 < 80% LVR 4.65%
2 year fixed rate home loan 4.70%
3 year fixed rate home loan 4.75%
5 year fixed rate home loan 4.89%
7 or more years fixed rate home loan 5.90%
Lo Do variable rate loan - LVR less than 60% -  All loan purposes 5.25%
Lo Doc variable rate loan - LVR of between 60% - 80% - Purchases 5.25% - 7.50%
Lo Doc variable rate loan - LVR between 60% - 80% - Refinances & cash out 7.15% - 9.25% **

Last updated 30/01/2015

** Rate depends on a number of factors. To access best rates you may need to:

  • Be able to provide the last 12 months BAS statements that support the income declared.  
  • Provide business and personal bank trading statements that support the income declared.

Disclaimer: while every effort is made to keep this table up to date we take no responsibility for the information provided. Rates quoted are indicative and subject to change without notice

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Our Current Lender Panel

Lex Luther Enterprises Pty Ltd (ABN 58114636949) trading as “Mortgage Experts” is an Authorised Credit Representative (444479) of Martin Warren Thomas McDonald, Australian Credit Licence (391230) under s64(1) of the National Consumer Protection Act 2009.