Securing a home loan in Perth, Western Australia, requires careful consideration of various factors, including interest rates, loan features, and the expertise of mortgage brokers. As of October 2025, the mortgage landscape in Perth offers competitive rates and a range of options for prospective homeowners.
Current Home Loan Rates in Perth
Interest rates for home loans Perth have seen some fluctuations in 2025. Major banks like Commonwealth Bank of Australia (CBA), Westpac, and ANZ have adjusted their rates to remain competitive:
- CBA: Offers a variable rate of 5.84% for new customers applying digitally with a 40% deposit. Their digital subsidiary, Unloan, provides an even lower rate of 5.74%.
- Westpac: Provides a standard rate of 5.49% for eligible borrowers.
- ANZ: Offers similar rates to CBA and Westpac, with options for offset accounts at an additional cost.
These rates are subject to change and may vary based on individual circumstances, such as loan amount, deposit size, and credit history.
Leading Mortgage Brokers in Perth
Engaging with a reputable mortgage broker can simplify the home loan process by providing access to a wide range of lenders and loan products. Some of the top-rated mortgage brokers Perth include:
- Balpreet Singh Bal (Loan Market Bal & Associates): Awarded Residential Finance Broker of the Year at the 2025 WA State Excellence Awards.
- Momentum Wealth: Recognized for its diversified business approach and finance broker services.
- Kurtis Grace (Whiteroom Finance Goldfields): Honored with the Regional Finance Broker Award for his exceptional client service.
- Beyond Broking: Known for strategic home loan advice, expert mortgage rate negotiation skills, and highly personalized service.
- Loancircle: Offers access to over 95 lenders, providing tailored loan advice and fast pre-approval processes.
Tips for Securing the Best Home Loan
- Compare Multiple Lenders: Rates and loan features can vary significantly between lenders. Utilize online comparison tools and consult with mortgage brokers to identify the best options available.
- Consider Fixed vs. Variable Rates: Fixed rates provide stability, while variable rates may offer flexibility. Assess your financial situation and risk tolerance to determine the most suitable choice.
- Explore Government Schemes: The First Home Guarantee scheme has been expanded to assist first-time homebuyers. This initiative removes the requirement for lender’s mortgage insurance for eligible borrowers with small deposits, potentially saving thousands of dollars and facilitating earlier entry into the property market.
- Negotiate with Your Lender: Don’t hesitate to negotiate with your current lender for better terms. Many borrowers have successfully reduced their rates by initiating discussions.
- Seek Professional Advice: Consulting with a mortgage broker can provide personalized guidance tailored to your financial circumstances, helping you navigate the complexities of home loan options.
Future Outlook
While the Reserve Bank of Australia has indicated a cautious approach to further rate cuts, it’s essential to stay informed about economic developments that may impact mortgage rates. Regularly reviewing your mortgage terms and exploring refinancing options can help you maintain favorable conditions in a dynamic market.
Emily Williams