Westpac home loan rates
Ranked by advertised rate, Westpac's lowest advertised rate we track is 6.24% advertised (6.25% comparison) on the Flexi First Option Home Loan - 12th of 31 lenders we track. Rates as at 28 Oct 2026. Sourced from the lenders' own published figures, read daily from public, standardised open data feeds under the Consumer Data Right. See our methodology.
Its lowest variable home loan rate we track is 6.24% advertised (6.25% comparison) on the Flexi First Option Home Loan; its lowest fixed home loan rate we track is 6.74% advertised (7.02% comparison) on the Fixed Options Home Loan (Pkg). Rates as at 28 Oct 2026.
We track 7 Westpac owner-occupier products; every figure is read daily from public, standardised open data feeds under the Consumer Data Right. Rates as at 28 Oct 2026. See our methodology.
At the lowest advertised rate we track - 6.24% on the Flexi First Option Home Loan - the monthly principal-and-interest repayment on a $600,000 loan over 30 years is about $3,690 a month (an arithmetic example, not a quote or an offer). Rates as at 28 Oct 2026.
Westpac since the 29 Sept 2026 RBA decision
The RBA's cash rate target moved from 4.35% to 4.60% (+25 bp) after its decision announced 29 Sept 2026.
Westpac has changed 2 variable rates in its published data since:
- Flexi First Option Home Loan - variable, basic $0-fee loan, 'Discounted rate' used5.99% → 6.24%(+25 bp)matches the cash rate move
- Rocket Repay Home Loan - variable with offset, Premier Advantage package, <=70% LVR6.39% → 6.64%(+25 bp)matches the cash rate move
Lenders can announce a change before it takes effect; the tracker shows it once it appears in their published data. The tracker compares the owner-occupier, principal-and-interest variable rates we track, so a change to a loan we don't track won't show here. Dates are the day a new rate first appeared in the lender's feed, which can be after the day the lender changed it. Every lender's status →
Westpac products (7)
| Product | Type | Advertised | Comparison | Max LVR | Lender link |
|---|---|---|---|---|---|
Flexi First Option Home LoanBig 5Westpac | Variable | 6.24% | 6.25% | 70% | link |
Rocket Repay Home Loan (Premier Advantage Pkg)Big 5Westpac | Variable | 6.64% | 7.01% | 70% | link |
Fixed Options Home Loan (Pkg)Big 5Westpac | Fixed 1yr | 6.74% | 7.02% | 70% | link |
Fixed Options Home Loan (Pkg)Big 5Westpac | Fixed 2yr | 6.74% | 7.03% | 70% | link |
Fixed Options Home Loan (Pkg)Big 5Westpac | Fixed 3yr | 6.94% | 7.10% | 70% | link |
Fixed Options Home Loan (Pkg)Big 5Westpac | Fixed 4yr | 7.09% | 7.18% | 70% | link |
Fixed Options Home Loan (Pkg)Big 5Westpac | Fixed 5yr | 7.14% | 7.24% | 70% | link |
Westpac recent rate changes
3 of Westpac's tracked products changed their advertised rate in the last 30 days. Every change across the board is on the rate changes page.
- Flexi First Option Home Loan - variable, basic $0-fee loan, 'Discounted rate' used5.99% → 6.24%(+25 bp)previous value last seen 9 Oct 2026
- Rocket Repay Home Loan - variable with offset, Premier Advantage package, <=70% LVR6.39% → 6.64%(+25 bp)previous value last seen 9 Oct 2026
- Fixed Options Home Loan (Premier Advantage package), 5-year term, <=70% LVR7.09% → 7.14%(+5 bp)previous value last seen 9 Oct 2026
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