What is a variable rate home loan?

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Interest rate increase – Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

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Unlike a fixed-rate home loan which locks in a certain interest rate, a variable home loan is a home loan on which the interest can vary and fluctuate up and down.

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What is a variable rate home loan?

What is a variable rate home loan?

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