Investment Home Loan Rates Comparison
RATE OF THE DAY
Variable
5.39%
Comparison Rate*
5.40%
This is our pick of the top rates available from the lenders we analysed. Rate shown is for investors making principal and interest repayments with a loan-to-value ratio of 80%
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The best investment property loan rates from leading lenders

Compare fixed and variable investment loan rates from major banks, smaller lenders and member owned institutions.

The Big 5 Banks
Non-Major Banks
Member Owned
Lender
Variable
1-Year Fixed
2-Year Fixed
3-Year Fixed
4-Year Fixed
5-Year Fixed
5.39%
Interest Rate
5.40%
Comparison Rate
5.69%
Interest Rate
6.20%
Comparison Rate
5.79%
Interest Rate
6.20%
Comparison Rate
5.89%
Interest Rate
6.22%
Comparison Rate
6.09%
Interest Rate
6.30%
Comparison Rate
6.09%
Interest Rate
6.32%
Comparison Rate
5.44%
Interest Rate
5.46%
Comparison Rate
5.99%
Interest Rate
5.56%
Comparison Rate
6.09%
Interest Rate
5.63%
Comparison Rate
6.14%
Interest Rate
5.69%
Comparison Rate
6.19%
Interest Rate
5.76%
Comparison Rate
6.29%
Interest Rate
5.86%
Comparison Rate
5.44%
Interest Rate
5.57%
Comparison Rate
5.99%
Interest Rate
8.08%
Comparison Rate
5.84%
Interest Rate
7.85%
Comparison Rate
6.09%
Interest Rate
7.74%
Comparison Rate
6.29%
Interest Rate
7.67%
Comparison Rate
6.44%
Interest Rate
7.62%
Comparison Rate
5.89%
Interest Rate
5.90%
Comparison Rate
5.64%
Interest Rate
6.94%
Comparison Rate
5.59%
Interest Rate
6.79%
Comparison Rate
5.79%
Interest Rate
6.72%
Comparison Rate
5.94%
Interest Rate
6.67%
Comparison Rate
5.94%
Interest Rate
6.59%
Comparison Rate
6.21%
Interest Rate
6.25%
Comparison Rate
5.84%
Interest Rate
6.37%
Comparison Rate
5.89%
Interest Rate
6.34%
Comparison Rate
5.94%
Interest Rate
6.31%
Comparison Rate
6.14%
Interest Rate
6.35%
Comparison Rate
6.24%
Interest Rate
6.38%
Comparison Rate
Investment property loans with principal and interest repayments, 80% LVR
Lender
Variable
1-Year Fixed
2-Year Fixed
3-Year Fixed
4-Year Fixed
5-Year Fixed
5.39%
Interest Rate
5.44%
Comparison Rate
5.69%
Interest Rate
6.02%
Comparison Rate
5.59%
Interest Rate
6.01%
Comparison Rate
5.74%
Interest Rate
6.05%
Comparison Rate
5.99%
Interest Rate
6.16%
Comparison Rate
5.99%
Interest Rate
6.19%
Comparison Rate
5.49%
Interest Rate
5.50%
Comparison Rate
6.29%
Interest Rate
6.00%
Comparison Rate
6.24%
Interest Rate
6.06%
Comparison Rate
6.44%
Interest Rate
6.18%
Comparison Rate
-
Interest Rate
-
Comparison Rate
6.49%
Interest Rate
6.33%
Comparison Rate
5.64%
Interest Rate
5.66%
Comparison Rate
5.79%
Interest Rate
5.67%
Comparison Rate
5.79%
Interest Rate
5.68%
Comparison Rate
5.94%
Interest Rate
5.73%
Comparison Rate
6.23%
Interest Rate
5.87%
Comparison Rate
6.18%
Interest Rate
5.89%
Comparison Rate
5.68%
Interest Rate
5.80%
Comparison Rate
-
Interest Rate
-
Comparison Rate
5.95%
Interest Rate
5.75%
Comparison Rate
6.04%
Interest Rate
5.81%
Comparison Rate
6.34%
Interest Rate
5.96%
Comparison Rate
6.34%
Interest Rate
6.15%
Comparison Rate
5.79%
Interest Rate
5.82%
Comparison Rate
5.79%
Interest Rate
5.82%
Comparison Rate
5.79%
Interest Rate
5.82%
Comparison Rate
5.84%
Interest Rate
5.83%
Comparison Rate
6.04%
Interest Rate
5.91%
Comparison Rate
6.04%
Interest Rate
5.93%
Comparison Rate
Owner occupier loans with principal and interest repayments and 80% LVR
Lender
Variable
1-Year Fixed
2-Year Fixed
3-Year Fixed
4-Year Fixed
5-Year Fixed
5.39%
Interest Rate
5.40%
Comparison Rate
5.74%
Interest Rate
8.37%
Comparison Rate
5.84%
Interest Rate
8.11%
Comparison Rate
5.89%
Interest Rate
7.88%
Comparison Rate
-
Interest Rate
-
Comparison Rate
6.04%
Interest Rate
7.55%
Comparison Rate
5.44%
Interest Rate
5.48%
Comparison Rate
5.79%
Interest Rate
7.56%
Comparison Rate
5.64%
Interest Rate
7.37%
Comparison Rate
5.79%
Interest Rate
7.26%
Comparison Rate
5.99%
Interest Rate
7.20%
Comparison Rate
6.04%
Interest Rate
7.12%
Comparison Rate
5.49%
Interest Rate
5.52%
Comparison Rate
6.09%
Interest Rate
6.35%
Comparison Rate
6.19%
Interest Rate
6.38%
Comparison Rate
6.29%
Interest Rate
6.42%
Comparison Rate
6.59%
Interest Rate
6.55%
Comparison Rate
5.59%
Interest Rate
6.60%
Comparison Rate
5.49%
Interest Rate
5.68%
Comparison Rate
5.54%
Interest Rate
5.59%
Comparison Rate
5.64%
Interest Rate
5.60%
Comparison Rate
5.74%
Interest Rate
5.64%
Comparison Rate
-
Interest Rate
-
Comparison Rate
5.89%
Interest Rate
5.72%
Comparison Rate
5.59%
Interest Rate
5.65%
Comparison Rate
6.19%
Interest Rate
7.58%
Comparison Rate
6.30%
Interest Rate
7.46%
Comparison Rate
6.25%
Interest Rate
7.32%
Comparison Rate
-
Interest Rate
-
Comparison Rate
6.40%
Interest Rate
7.17%
Comparison Rate
Owner occupier loans with principal and interest repayments and 80% LVR

How to get the best investment home loan rate

1.
Know your LVR. You’ll generally qualify for better investment loan rates with a lower loan-to-value ratio. If possible, increase your deposit or use equity from another property to lower your LVR.
2.
Ask your mortgage broker which lender is likely to offer you the best valuation for your property. A higher valuation lowers your LVR and might push you into a lower interest rate bracket.
3.
Avoid loans features you won’t need. For example, if you’re unlikely to have lots of cash sitting on the sidelines, a loan without an offset account could mean you get a lower rate.
4.
Don’t default to your existing bank or the well-known lenders. Some lesser-known lenders specialise in investment lending and are really worth considering. Ask for a discount. Always.
5.
Set a reminder to review your interest rate at least once a year. If it’s not still competitive relative to the rest of the market, call your lender and tell them you'll switch if they can’t lower your rate.
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What’s a good investment property loan rate in 2026?

Right now, investment property loans rates starting with in the low-mid 5s are generally considered good for variable loans and shorter fixed terms (1-3 years). For longer fixed rate terms (4 and 5 years), a rate in the mid-high 5s is more realistic.

If your rate starts with a 6, it’s probably worth talking to a mortgage broker to see if you can get a better rate elsewhere.

If you’re a high risk borrower (e.g. high LVR, self-employed with fluctuating income) or borrowing through a self-managed super fund, the best home loan rates are going to be higher and may well be closer to 7% or above.

Should I go with the cheapest rate I can find on my investment loan?

All things being equal, the cheapest investment loan rate is the obvious choice. But there can be scenarios where the cheapest rate may not be the best option for you. For example, if the cheapest rate is:

  • On a loan with high fees (check the comparison rate for this)
  • On a fixed loan when variable would be a better fit (or vice versa)
  • A loan that doesn't offer you the features you need
  • An intro offer which reverts to a higher rate after a period of time
  • Offered by a lender you won’t qualify with

What difference will my interest rate have on my investment property costs?

The table below shows the difference in cost on a regular basis and over the life of a loan based on different investor loan interest rates.

In short, a 1% interest rate difference on a $750,000 loan would mean paying an extra $173,554 in interest over the life of a 30-year loan.

Interest rate (p.a.) 5.50% 6.00% 6.50%
Monthly repayment $4,258 $4,497 (+$239) $4,741 (+$483)
Total interest cost over 30 years $783,030 $868,786 (+$85,756) $956,584 ($173,554)
Based on a $750,000 investment property loan with principal & interest repayments over a 30-year term.

Are investment property rates going up or down in 2026?

Interest rates on investment property loans are increasing so far in 2026. In February, the Reserve Bank of Australia increased the cash rate to 3.85%, with a knock on impact in variable investor rates.

Even before the RBA lifted the cash rate, lenders had been increasing their fixed rates in anticipation of a hike. At the start of the year, investors could access interest rates starting with a 4 from some lenders, but with inflation still running hot, higher rates became an inevitability.

That said, even with the recent increases, the average home loan rate for investors is still relatively low when compared to the last couple of years. And if the economists are to be believed, significant further increases this year are unlikely.

Can I refinance my investment property to a lower interest rate?

If you’ve been with your current lender for an extended period (more than 12 months) it’s often possible to refinance to a lower interest rate. Lenders are constantly changing their rates and generally offer slightly lower rates to new customers versus existing borrowers.

On top of the rate, there may be other potential benefits to refinancing your investment loan. For example, some lenders offer cashback to borrowers who switch their loan to them, or you may be able to get a loan with better features, which can save you money.

What investment loan rate will I qualify for? (3 factors)

Loan features
The interest rate on your investment loan will be partly determined by whether you chose a basic or ‘package’ loan. A package loan with features included will likely come with a higher rate as there’s a cost to the lender for providing these extras. Basic loans are usually cheaper but offer less flexibility.
Low LVR
If you have a low loan balance as a percentage of the value of your investment property, you will generally qualify for lenders’ lowest interest rates. If the value of your property has increased, or you’ve paid down a good chunk of your balance since you last compared rates, you may be in line for a discount.
Risk level
If as a borrower you’re viewed by the lender as being high risk (e.g. you’re self employed or have a bad credit history) expect to pay a higher interest rate. Lenders also consider the risk associated with the property. Common scenarios where lenders charge higher rates include regional acreage properties and very small/studio apartments.

Frequently asked questions

Should I get a fixed or variable rate on my investment loan?
When you get an investment home loan you’ll have the choice between a variable rate which the lender can change at any time, or a fixed rate which is locked in for a period of 1-5 years.

If you want flexibility to refinance, make extra repayments, sell your investment property without exit costs, a variable rate loan may be the best choice. You can still do all of these things with a fixed rate loan, but you will pay extra for the privilege.

If you are happy to have less flexibility and want the certainty of fixed repayment for a set period of time, a fixed rate loan would be better.

Or, you can split the loan between part fixed and part variable, as a mixture of the two tends to be a popular loan structure for a lot of investors.

Are interest rates higher on investment property loans?

Investment loans also have tighter regulatory requirements that lenders must stick to and are more expensive to offer as a result.

All that said, the gap between rates on investor loans and owner occupier loans has narrowed in recent years. Beyond a very small gap in rate, lenders generally have similar offerings for investors and owner occupiers. Some lenders even offer the same rates for investors and owner occupiers.

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Will I pay a higher rate if I get an interest-only investment loan?
Yes you’ll likely have a higher interest rate on your investment loan if you choose interest-only repayments over paying principal and interest. Interest-only loans are riskier for lenders as the borrower is not building any additional equity in their property through their loan repayments.

With a standard loan, your balance reduces as you make loan repayments and your loan-to-value ratio drops as a result. With an interest-only loan, borrowers are relying on their property increasing in value to lower their LVR.

There are also more restrictions on lenders’ ability to offer interest-only loans. The laws of supply and demand mean that less supply of these products to investors pushes the price (rate) higher.
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Will my rate be higher if I get an offset account?
Yes, in a lot of cases your interest rate will be higher if your investment loan comes with an offset account. Offset accounts cost lenders money as it means the borrower has the ability to pay less interest on their loan.

In some cases, instead of charging a higher interest rate, the lender may charge a monthly offset account fee. This won’t be reflected in the interest rate, but will mean the loan’s comparison rate will be higher.

Generally, it’s only worth paying more in interest or fees for an offset account if you will have a decent cash balance in the account.
Is interest on an investment property loan tax deductible?
Yes, interest paid on an investment property loan is generally tax deductible. The same is true of other costs associated with owning an investment property, such as property management fees, insurance, strata fees etc.

This means investors may be able to offset their investment property’s income (rent) using their costs to reduce any tax they may need to pay. If an investor’s costs exceed their income from the property, they may be able to offset their other income (e.g. salary or other investment income) using their leftover investment property loss. This is known as negative gearing.
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Are rates higher for self-employed borrowers?

Yes investment property loan interest rates are usually higher for self-employed borrowers versus PAYE employees. That’s because self-employed individuals are viewed by lenders as being riskier. For example, self-employed borrowers often have difficulty demonstrating their income earning capacity and ability to service the loan, as they don’t receive payslips for an employer.

In fact, many mainstream lenders (banks and credit unions) do not lend to self-employed borrowers at all, or only do so if the borrower is in a particularly strong borrowing position (e.g. has a very high home deposit).

Lenders that do offer investment loans for self-employed borrowers (low doc lenders) generally charge higher rates to account for the greater risk and often tier their rates to account for other aspects of the borrower’s situation. For example, a self-employed borrower with a low deposit would be charged a higher rate than a borrower with a low LVR.