Securing a competitive home loan rate can be a game-changer, especially in today’s fast-paced financial market. With interest rates constantly shifting, it’s crucial to find options that bring stability and potential savings. That’s where Macquarie’s new fixed rates come in—designed to offer homeowners and investors some of the best rates available right now. Whether you’re looking to lock in your payments or maximise your investment returns, there’s a solution that could be perfect for you. And at Unconditional Finance, we’re here to guide you through the process, making it easier to take advantage of these new opportunities. Read on to see how these rates could benefit you and how to get started.
What’s the Latest?
From October 3, 2024, Macquarie’s new fixed rates have taken effect, offering fantastic opportunities for both homeowners and investors. Whether you’re an owner-occupier looking to lock in stability for your mortgage payments or an investor seeking to maximise returns, these new rates could be just what you’ve been waiting for. Here’s an overview of the new fixed rates:
Disclaimer: Rates are for new loans and are subject to change.
|
OWNER-OCCUPIED – PRINCIPAL & INTEREST |
|||||
|
Fixed Term |
LVR (Loan-To-Value Ratio) |
Standard Home Loan |
Comparison Rate |
Offset Account Home Loan |
Comparison Rate |
|
1 year |
≤ 70% |
5.75% pa |
6.12% pa |
5.75% pa |
6.35% pa |
|
≤ 80% |
5.85% pa |
6.18% pa |
5.85% pa |
6.40% pa |
|
|
≤ 95% |
6.09% pa |
7.10% pa |
6.09% pa |
7.31% pa |
|
|
2 year |
≤ 70% |
5.39% pa |
6.02% pa |
5.39% pa |
6.24% pa |
|
≤ 80% |
5.49% pa |
6.08% pa |
5.49% pa |
6.30% pa |
|
|
≤ 95% |
5.99% pa |
6.97% pa |
5.99% pa |
7.19% pa |
|
|
3 – 5 years |
Various |
Starting from ~5.39% p.a. |
Rates vary |
Starting from ~5.39% p.a. |
Rates vary |
|
OWNER-OCCUPIED – INTEREST ONLY |
|||||
|
Fixed Term |
LVR (Loan-To-Value Ratio) |
Standard Home Loan |
Comparison Rate |
Offset Account Home Loan |
Comparison Rate |
|
1 year |
≤ 70% |
5.99% pa |
6.51% pa |
5.99% pa |
6.73% pa |
|
≤ 80% |
6.09% pa |
6.62% pa |
6.09% pa |
6.84% pa |
|
|
2 year |
≤ 70% |
5.69% pa |
6.40% pa |
5.69% pa |
6.62% pa |
|
≤ 80% |
5.79% pa |
6.50% pa |
5.79% pa |
6.72% pa |
|
|
3 – 5 years |
Various |
Starting from ~5.69% p.a. |
Rates vary |
Starting from ~5.69% p.a. |
Rates vary |
|
INVESTOR – PRINCIPAL & INTEREST |
|||||
|
Fixed Term |
LVR (Loan-To-Value Ratio) |
Standard Home Loan |
Comparison Rate |
Offset Account Home Loan |
Comparison Rate |
|
1 year |
≤ 70% |
5.89% pa |
6.32% pa |
5.89% pa |
6.54% pa |
|
≤ 80% |
5.99% pa |
6.43% pa |
5.99% pa |
6.65% pa |
|
|
≤ 90% |
6.39% pa |
7.22% pa |
6.39% pa |
7.43% pa |
|
|
2 year |
≤ 70% |
5.55% pa |
6.21% pa |
5.55% pa |
6.43% pa |
|
≤ 80% |
5.65% pa |
6.32% pa |
5.65% pa |
6.54% pa |
|
|
≤ 90% |
5.89% pa |
7.03% pa |
5.89% pa |
7.25% pa |
|
|
3-5 years |
Various |
Starting from ~5.55% p.a. |
Rates vary |
Starting from ~5.55% p.a. |
Rates vary |
|
INVESTOR – INTEREST ONLY |
|||||
|
1 year |
≤ 70% |
5.99% pa |
6.51% pa |
5.99% pa |
6.73% pa |
|
≤ 80% |
6.09% pa |
6.62% pa |
6.09% pa |
6.84% pa |
|
|
2 year |
≤ 70% |
5.69% pa |
6.40% pa |
5.69% pa |
6.62% pa |
|
≤ 80% |
5.79% pa |
6.50% pa |
5.79% pa |
6.72% pa |
|
|
3 – 5 years |
Various |
Starting from ~5.69% p.a. |
Rates vary |
Starting from ~5.69% p.a. |
Rates vary |
Note: Offset benefits do not apply when the loan account is fixed.
These rates aren’t just low—they come with Macquarie’s reputation for fast turnaround times, which means that you could potentially lock in these rates and start seeing benefits as soon as tomorrow. Sounds tempting, right?
Why Do These Rates Matter?
Let’s be real: in a market where interest rates can change quickly, a fixed-rate loan offers a sense of stability that many homeowners and investors crave. Think of it as a way to future-proof your finances for the next couple of years. No more worrying about whether your repayments will go up next month—you’re in control.
But why should you consider these specific rates? Well, let’s look at an example. If you’re a homeowner with an existing variable rate loan sitting at, say, 6.5% p.a., moving to a 5.39% fixed rate could mean a significant reduction in your monthly payments. That’s more money in your pocket each month, which can add up quickly over the two-year period.
Investors, Take Note!
For investors, the slightly higher rates might still be a great opportunity. At 5.55% p.a. for those paying principal and interest and 5.69% p.a. for interest-only loans, you can enjoy the benefits of locking in a rate while your property continues to grow in value. Plus, with Macquarie’s quick application process, there’s a chance to make the switch without missing a beat in your investment strategy.
Addressing Common Concerns: Is a Fixed Rate Right for You?
It’s natural to feel a bit uncertain about locking in a rate, especially if you’re wondering whether rates might go lower in the future. After all, nobody has a crystal ball! But here’s the thing—choosing a fixed rate is about finding peace of mind and knowing that, for the next two years, you’ve got a predictable repayment amount. It’s like setting a financial anchor amidst the fluctuating tides of interest rates.
If you value the ability to budget with precision and want to avoid any surprises in your repayments, then a fixed rate might just be your best bet. And even if you’re a little unsure, remember that this decision doesn’t have to be made alone. We’re here to help you weigh the pros and cons, and to find a solution that matches your unique needs.
Ready to Secure a Better Rate?
Choosing the right home loan can make a huge difference to your financial future, and with Macquarie’s competitive fixed rates, you have the chance to lock in stability and start saving. Whether you’re a homeowner looking to reduce your repayments or an investor planning for the long term, the time to act is now. With Macquarie’s fast approval process, you could be on your way to lower payments sooner than you think.
If you’re thinking, “Could I really start saving as soon as tomorrow?”—the answer is yes, it’s possible. But, like any financial decision, it’s essential to act quickly. These competitive rates won’t last forever, and starting your application now could make a world of difference.
Have questions or need a hand deciding what’s right for you? We’re here to help you every step of the way. Reach out to our mortgage broker, and let’s find the best solution for your needs. The right rate can give you peace of mind—let’s make sure you get it.
Frequently Asked Questions
Choosing between a basic home loan and an offset home loan depends on your financial goals. A basic home loan often comes with lower interest rates and fewer features, making it ideal if you want to keep things simple and pay off your loan quickly. On the other hand, an offset home loan can be beneficial if you have savings that you want to use to reduce your interest payments. Money in your offset account is deducted from your loan balance when calculating interest, potentially saving you a lot over time. At Unconditional Finance, we can help you assess which option suits your needs best.
To ensure a smooth application process with Macquarie’s new fixed rates, it’s important to have the right documents ready. Typically, you’ll need:
- Proof of identity (e.g., driver’s license, passport)
- Proof of income (recent payslips, tax returns if self-employed)
- A summary of your assets and liabilities (credit card statements, existing loan details)
- Bank statements for the past three months
- Information about the property you want to buy or refinance
Our team at Unconditional Finance can provide a detailed checklist and guide you through each step to make sure your application goes smoothly.
Yes, it’s possible to switch from a fixed-rate loan to a variable rate before the fixed term ends, but it may come with costs such as break fees. These fees are designed to cover any financial loss the lender incurs when you switch early. If market conditions improve and variable rates drop, refinancing might still be advantageous even after considering break fees. Our mortgage brokers can help you evaluate the cost-benefit of switching and identify the right time to make the change.
When using a fixed-rate loan for an investment property, consider how it fits into your broader investment strategy. A fixed-rate loan offers repayment stability, which is great for budgeting rental income against mortgage costs. However, you may want to weigh the trade-offs like limited flexibility for extra repayments. Additionally, understanding the potential tax implications, such as interest deductions on investment loans, can make a big difference in your overall returns.
Eligibility for Macquarie’s fixed rates will depend on things like your credit history, income, job stability, and the percentage of the property's value that you want to borrow (LVR). Lenders typically prefer borrowers with a stable employment history and a clean credit record. If your LVR is higher (closer to 95%), the interest rate may be slightly higher, and there could be additional conditions. At Unconditional Finance, we conduct a preliminary assessment of your financial situation to ensure you meet the criteria, helping you increase your chances of approval before you even apply.
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