Sally Tindall

Not a bad rate if you can meet all the terms and conditions to achieve it.

Okay.

So you're an owner-occupier, track record of paying down your debt.

Your average rate for a variable customer is sitting at 6.01%.

That's our estimates of RBA data, knowing that all the banks have just passed on those color rate hikes in full.

But you can still get relatively competitive rates.

I think on our database, we've got

And we estimate there's 40 or so lenders offering at least one variable rate under 5.75%.

And then one or two lenders offering rates below 5.5%.

So basically 5.5% is kind of your lowest, thereabouts.

But you can get a good smattering of lenders offering competitive rates at 5.75% or below.

So that's a really good target for anyone who's an owner-occupier.

Yes, there's always terms and conditions and you tend to need to have a decent amount of equity up your sleeve.

But if you've owned your property for a few years even and property prices have grown in your area, you're likely to find that you're eligible for those high deposit loans, particularly as a refinancer.

Now, on the investor side, it's a little bit higher, but not too much.

The average rate we estimate to be 6.24%.

So it's what, 23 basis points.

No.

Yeah.

A competitive rate is sitting at about 5.85% or thereabouts.