Compare investment home loans for June 2024

Ready to invest in property or switch investment loans? Mozo’s expert guides and handy calculators can help you compare investment home loans, including interest-only and low-rate mortgage deals.

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Home loan comparisons on Mozo

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 472 home loans.
Last updated 13 June 2024 Important disclosures and comparison rate warning*
  • Unloan Variable

    • Investment
    • LVR <80%
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.20 % p.a.
    Initial monthly repayment
    $3,092
    Go to site

    Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

  • Basic Home Loan

    • Investment
    • LVR<60%
    • Principal & Interest
    Interest rate
    6.34 % p.a.
    Variable
    Comparison rate
    6.36 % p.a.
    Initial monthly repayment
    $3,108
    Go to site

    No annual or application fees. Competitive rate tiers based on your LVR as well as interest only and split repayment options. Fast application and turnaround process. Secure online application.

  • The Better Home Loan Special Offer

    • Investment
    • Principal & Interest
    • LVR <80%
    Interest rate
    6.19 % p.a.
    Variable
    Comparison rate
    6.19 % p.a.
    Initial monthly repayment
    $3,059
    Go to site

    Reap the benefits of a variable rate investor home loan with a bunch of features from Police Credit Union. Make extra repayments at any time without penalty. No monthly, annual or upfront fees. Free online redraw. 100% offset account available (T&Cs apply). Minimum 20% deposit. Qualifying criteria applies. Minimum loan amount is 200K. For new customers only. Mozo Experts Choice Home Lender Credit Union of the Year 2023.

  • Unloan Variable

    • Investment
    • LVR <80%
    Interest rate
    6.29 % p.a.
    Variable
    Comparison rate
    6.20 % p.a.
    Initial monthly repayment
    $3,092
    Go to site

    Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

  • Basic Home Loan

    • Investment
    • LVR<60%
    • Principal & Interest
    Interest rate
    6.34 % p.a.
    Variable
    Comparison rate
    6.36 % p.a.
    Initial monthly repayment
    $3,108
    Go to site

    No annual or application fees. Competitive rate tiers based on your LVR as well as interest only and split repayment options. Fast application and turnaround process. Secure online application.

  • Offset Home Loan

    • Investment
    • LVR<60%
    • Principal & Interest
    Interest rate
    6.34 % p.a.
    Variable
    Comparison rate
    6.59 % p.a.
    Initial monthly repayment
    $3,108
    Go to site

    Up to 10 offsets. Competitive rate tiers and interest only repayment option. No application fee. Split loan option. Fast, secure online application. $248 annual fee.

  • Basic Home Loan

    • Fixed
    • Investment
    • Principal & Interest
    • LVR <70%
    Interest rate
    6.55 % p.a.
    Fixed 3 years
    Comparison rate
    6.42 % p.a.
    Initial monthly repayment
    $3,177
    Go to site

    Lock in repayments from 1 to 5 years. Competitive rate tiers depending on your LVR. No application or annual fee. Fast, secure online application.

  • SMSF Home Loan

    • LVR <70%
    Interest rate
    6.99 % p.a.
    Variable
    Comparison rate
    7.00 % p.a.
    Initial monthly repayment
    $3,323
    Go to site

    Enjoy a competitive rate on your SMSF home loan with Loans.com.au. Available for refinancers only. No application fee and no settlement fee. No monthly, annual or ongoing fees. Unlimited extra repayments. Online access via Smart Money App. 30% deposit required.

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Need help with refinancing?

You might have questions that need personal answers. We’ve teamed up with the mortgage brokers at Lendi to get you the answers you need, and a home loan deal you deserve.

Learn more

Interest rates change regularly - stay informed.

Compare more home loan options

Home loans come in many shapes and sizes, start comparing here based on your needs. 

Search the Mozo Database

Browse all 463 home loans in Mozo's comparison database

Meet our investment home loan experts

Our experts track home loan interest rates, product changes and help you stay informed of industry trends. Read more

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June Investment Home Loan Monthly Snapshot

The average investment home loan in the Mozo database is 7.13% p.a. (P&I, $400k, <80% LVR), as at 31 May 2024. This has come down by 0.02% since the start of the month. 

This is a good sign for investors as, even though the Mozo database has tracked a couple of rate rises in the week so far, investment loan interest rates are remaining stable. 

Below are some of the lowest investment home loan interest rates in the Mozo database, at the time of writing. 

Lowest investment loan rates in June 2024 

Out of the offers we track, the lowest investment variable home loan rates (P&I, $400K, LVR < 80%) are all well below the average rate in the database, as at 31 May 2024, and include: 

Variable investor loan rates

Fixed investor loan rates 

For more information on property investing, browse our home loan guides for tips and tricks, including why investors pay more for a home loan.

Investment Knowledge Hub

What are investment home loans?

Your first house doesn’t have to be your first home. Investment home loans help Australian borrowers purchase a property they don’t intend to live in. 

From flipping houses to becoming someone’s landlord, investment home loans can help Aussies climb the property ladder by:

Choosing the right investment home loan is vital for real estate investors. Mortgages play a major role in upfront and ongoing property costs

Mozo’s expert guides and calculators can help simplify the comparison process.

Investor compares equity
Investing in a second property

Investing in a second property

Investing in real estate can make it easier to finance a second property, such as another investment or your dream home. How? By using your home equity.

Your equity is the value of your ownership. If you own a property worth $1 million but have $200k left on your mortgage, then you have $800k in home equity. 

Equity ($$) = Property value - loan value

If your loan size decreases or your property value increases, your equity rises. 

Equity is a form of wealth you can use to fund projects, like a second property. How it works is you refinance your home loan to “borrow” from your equity, giving you some cash. 

However, this tactic has pros and cons, so read more in the button below.

How to compare investment home loans

Every property investor is different, so matching the right home loan to the right borrower is essential. Comparing investment home loans is a crucial part of the property-buying process.

Which loan is right for you? It depends! Here’s how Mozo can help.

Compare interest rates

Investment home loans have higher interest rates than owner-occupied loans. Mozo’s comparison tool lets you filter, sort, and compare home loans. 

Award-winning deals

Mozo’s expert judges review hundreds of investment home loans annually to crown the best of the best. Compare award-winners in the button below.

Property insights

Property insights

Mozo’s expert writers break down and explain the property market in simple languages – including investment and financial strategies.

Things to consider when comparing investment home loans

The right investment mortgage balances features and costs with your property aims. 

  • Interest rates. The interest rate adds to your monthly repayments and overall costs. Look for interest rates lower than the market average to save, compare fixed, variable, and split rates, and use the comparison rate (not the headline rate) to inform your decision.
  • Loan features. Different investment loans have options that could help you save, like free extra repayments, redraw facilities, offset accounts, and interest-only periods. Look into which features could be helpful to you.
  • Fees. There is no such thing as a fee-free home loan. Look at standard charges like application fees, ongoing fees, and settlement fees to compare these costs.
Hand dropping coins

What are the benefits of investment home loans?

Only some people find their dream home right away. And that’s okay! Investment home loans let you access the benefits of owning property without living there.

Some perks of investing in property include:

  • Capital gains when you sell.
  • Rental income from tenants. 
  • Home equity as your ownership share increases.

The right investment home loan can make your investment profitable by cutting down on extra costs and accelerating your property journey toward full ownership.

Australian property is a relatively low-risk asset since property prices generally increase over time (a phenomenon called “capital growth”), though this will vary by location and property. 

Property investors also get a host of tax benefits.

Hot Tip!

Consult a tax professional to see what you can claim on your taxes. Eligibility for deductions with vary by property investor.

Investment Home Loan Calculators

Can your investment turn a profit? Crunch the numbers with Mozo's free mortgage calculators. See more

Investment FAQS

How do you apply for an investment home loan?

The application process for investment home loans is similar to all other loans. Once you choose a property and demonstrate serviceability through supporting documentation, you apply and get it approved by a lender of your choice for the loan amount you need to borrow.

What documents do you need to apply for an investment home loan?

You must give a home loan lender identity, financial, and property information in your investment application. This can include mortgage documents such as:

  • Driver’s licences and passports. 
  • Property valuation reports.
  • Asset portfolios and dividend statements.
  • Mortgage reports on any other properties you own.
  • Income and bank statements.
  • Debts and liabilities. 
  • Credit reports.
  • Superannuation balances. 
How is an investment home loan different from an owner-occupied home?

The main differences between owner-occupied and investment loans are lending criteria and cost. 

Lenders consider investment mortgages financially risky because the borrower often relies on rental income. So, to protect themselves from missed or defaulted mortgage payments, lenders often slap investment loans with high interest rates and stricter lending criteria, such as a larger deposit.

Can I switch from an investment loan to an owner-occupier loan?

Yes, you can refinance your home loan from an investment to an owner-occupied mortgage. You must meet eligibility requirements for your new home loan, such as having a good debt-to-income ratio and credit score and meeting minimum loan-to-value ratio (LVR) requirements.

How often should I review my investment home loan?

How often you should review your investment home loan is up to you, but once a year is an excellent place to start. This way, you can check your interest rate to ensure it stays competitive, see if your mortgage repayments have changed, and calculate how much equity you’ve accumulated.

What is negative gearing?

Negative gearing is when an investor loses more money maintaining a property than they make. Essentially, they return a loss. 

Negative gearing can come with tax benefits since the interest payments lower the investor’s taxable income for the year while still accruing their wealth in home equity

However, negative gearing can be financially risky – the investor will need enough cash to cover the temporary shortfall. 

Too many negatively geared properties in one area can also tank property values, eroding the equity the investor needs to build wealth.

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Evlin DuBose

RG146
Senior Money Writer

Evlin is RG146 certified for general advice (Tier 2) and has become a leading voice in finance news since joining Mozo two years ago. She is regularly featured in Google's Top Stories alongside major publications like News.com.au and Yahoo Finance, and seasoned journalists. Despite being in the industry for just two years, she is Mozo's go-to writer for all things RBA and her research has been referenced by the Victorian Government. With a Bachelor of Communications degree from UTS, where she won the Dean's Merit Award and acted as the Director of Student Publications.

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JP Pelosi

RG146
Managing editor

Jean-Paul (JP) Pelosi is an experienced journalist and editor who has contributed to many of Australia's leading media outlets including The Guardian, News.com.au, Domain.com.au, Investment Magazine and ANZ's Bluenotes. He has also edited news and communications for large financial services companies such as CommBank, Suncorp, Allianz and Amex. He likes a well told story and applying his editorial experience to content that readers both care about and enjoy. JP heads up our writing team.

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