130 live products
Macquarie
Best available rate
5.59%p.a.
Macquarie Basic Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.61%
Offset
Not included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
Macquarie
Best available
From 5.59% p.a.
Line-up
130 live products
VS
Macquarie vs Westpac
Compare Macquarie and Westpac home loans in March 2026. Macquarie offers rates from 5.59% p.a. across 130 products, while Westpac starts at 5.79% p.a. with 179 products. Macquarie currently has the lower rate by 0.20%.
VS
179 live products
Westpac
Best available rate
5.79%p.a.
Fixed Rate Home Loan (Investment Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.45%
Offset
Not included
Redraw
Included
Live edge
Macquarie is lower on headline home loan rate by 0.20%, which is roughly $83 per month on a $500,000 loan.
0.20% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Macquarie | Westpac |
|---|---|---|
| Interest rate | 5.59% | 5.79% |
| Comparison rate | 5.61% | 6.45% |
| Offset account | No | No |
| Redraw | Yes | Yes |
All Macquarie Products
Every tracked home loans option from Macquarie.
All Westpac Products
Every tracked home loans option from Westpac.
Macquarie's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) while Westpac starts at 5.79% p.a. (comparison rate 6.45%). Macquarie is 0.20% lower, which saves approximately $83/month on a $500,000 loan.
Key features: Macquarie includes redraw, Westpac includes redraw.
Quick Comparison
| Feature | Macquarie | Westpac |
|---|---|---|
| Interest Rate | 5.59% | 5.79% |
| Comparison Rate | 5.61% | 6.45% |
| Offset Account | No | No |
| Redraw Facility | Yes | Yes |
Common Questions
Macquarie vs Westpac FAQs
Which bank has a lower home loan rate, Macquarie or Westpac?
Macquarie currently offers the lower variable rate at 5.59% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Do Macquarie and Westpac home loans have offset accounts?
Macquarie does not include an offset account. Westpac does not include an offset account.
What is Macquarie's lowest home loan rate in 2026?
Macquarie's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Macquarie Basic Home Loan (Variable).
What is Westpac's lowest home loan rate in 2026?
Westpac's lowest variable rate is 5.79% p.a. (comparison rate 6.45%) on the Fixed Rate Home Loan (Investment Fixed 1 Yr).