What is the average home loan rate in Victoria, Australia?

The average variable home loan rate in Victoria is approximately 5.8% (RBA/APRA data, as of Feb 28, 2026). New variable loans are averaging approximately 5.7%. Rates vary by lender and loan type.

What is LMI and when is it required in Victoria?

Lenders Mortgage Insurance (LMI) is required in Victoria when your Loan-to-Value Ratio (LVR) exceeds 80% — meaning your deposit is less than 20% of the property value. LMI protects the lender, not the borrower, and can cost thousands of dollars depending on your LVR tier.

What is the APRA serviceability buffer in Australia?

APRA requires all Australian lenders to assess home loan applications at a buffer rate of at least 3% above the actual loan rate. At 6.24%, lenders will assess you at 9.24%. This means you must demonstrate the ability to repay at the higher rate, even though your actual repayments will be lower.

Hipoteca — Victoria, Australia

Pre-filled with Victoria's average home price of A$820000, council rates of A$1900/year, and a standard variable rate of 5.8%. Adjust any value below.

APRA Serviceability Buffer: Australian lenders assess your loan at 9.24% (your rate + 3% buffer). You must demonstrate repayment capacity at this higher rate, even though your actual repayments are based on 5.7%.

Reference Rates

Variable (outstanding) 5.8% Variable (new loans) 5.7% All Loans Avg 5.7%

Feb 28, 2026 · RBA / APRA

1 Detalles del Préstamo

Precio del Inmueble

Depósito

Monto del Préstamo

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Tasa de Interés (RBA avg 5.7%)

Plazo del Préstamo

2 Costos Continuos (Victoria averages pre-filled)

Tasas Municipales ((anual)) VIC estimate

Seguro de Edificio ((anual))

Gastos de Comunidad (mensual, apartamentos)

Incluir Seguro LMI

Obligatorio si depósito < 20 % (LVR > 80 %)

Pago Mensual Estimado

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Capital e Intereses

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Tasas Municipales

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Seguro de Edificio

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Gastos de Comunidad

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Total de Intereses

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Durante el préstamo

Costo Total

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Capital + intereses

Monto Financiado

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Cantidad prestada

Depósito

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Del precio de la casa

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Evolución del Saldo del Préstamo

Comparativa de Tasas

Cómo cambia tu pago según la tasa de interés

Escenario de Tasa	Pago C+I	Total Intereses
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Tabla de Amortización

Desglose mensual completo

Victoria Mercado Inmobiliario

Victoria is Australia's second most populous state with Melbourne as its dominant market. Melbourne experienced a price correction post-COVID but has seen renewed demand from population growth and overseas migration. Regional Victoria (Geelong, Ballarat) remains more affordable with good transport links to Melbourne.

Precio Promedio del Inmueble A$820000

Tasas Municipales Anuales Prom. A$1900

Seguro de Edificio Anual Prom. A$1700

Tasa Variable Estándar ~6.24%

Tasa de Viabilidad ~9.24%

Comprar en Victoria

Melbourne offers better value than Sydney on a price-to-income basis, though still remains stretched. Victoria's land tax regime (applying to investment properties) has modestly increased rental supply but added costs for investors. A 20% deposit on A$820,000 requires A$164,000 in savings.

Impuesto de Transmisiones

Victoria charges land transfer duty on a sliding scale. On A$820,000, duty is approximately A$44,000. First-home buyers are exempt on properties valued up to A$600,000 and receive a 50% concession up to A$750,000 (principal place of residence only).

Lenders Mortgage Insurance (LMI)

LMI is required when LVR exceeds 80%. Victoria's high property prices mean LMI premiums can be substantial — typically A$6,000–A$18,000 depending on the LVR tier and loan amount. LMI can be capitalised into the loan.

First Home Owner Grant

Victoria's First Home Owner Grant provides A$10,000 for new homes in metropolitan areas and A$20,000 in regional areas. The First Home Buyer Duty Exemption applies to properties up to A$600,000.

Mercados Clave

Melbourne Geelong Ballarat Bendigo Shepparton

Calculadora por Estado Australiano

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