Top 10 Mortgage Lenders in New South Wales

Our ranking of 10 home loan lenders most relevant to New South Wales borrowers. Score combines the lender's lowest variable rate, our editorial rating, and home-state presence in NSW. We do not weight by affiliate status — see our editorial standards and disclosure. General information only.

  1. 1.
    Macquarie Bank
    bank · HQ NSW
    5.79% p.a. variable
    ★ 4.6 / 5

    Macquarie has been the headline aggressive variable-rate competitor since 2022 and routinely undercuts the Big 4.

    HQ in NSW$500k / 30y / mo: $2,931Read full review →Visit Macquarie Bank
  2. 2.
    ING
    digital · HQ NSW
    5.84% p.a. variable
    ★ 4.5 / 5

    Branch-light digital bank that has consistently priced near the front of the variable-rate market.

    HQ in NSW$500k / 30y / mo: $2,947Read full review →Visit ING
  3. 3.
    Unloan
    digital · HQ NSW
    5.84% p.a. variable
    ★ 4.4 / 5

    CBA-incubated digital refinance lender with auto-decreasing LVR margin.

    HQ in NSW$500k / 30y / mo: $2,947Read full review →Visit Unloan
  4. 4.
    Athena Home Loans
    non bank · HQ NSW
    5.84% p.a. variable
    ★ 4.5 / 5

    Non-bank lender with a refinance-first model; rates automatically reduce as the loan amortises.

    HQ in NSW$500k / 30y / mo: $2,947Read full review →Visit Athena Home Loans
  5. 5.
    Greater Bank
    credit union · HQ NSW
    5.99% p.a. variable
    ★ 4.0 / 5

    Hunter Valley customer-owned bank (merged with Newcastle Permanent via NGM Group).

    HQ in NSW · Strong local presence$500k / 30y / mo: $2,995Read full review →
  6. 6.
    Police Bank
    credit union · HQ NSW
    6.09% p.a. variable
    ★ 4.1 / 5

    Member-owned bank originally for NSW Police; open to anyone since 2019.

    HQ in NSW · Strong local presence$500k / 30y / mo: $3,027Read full review →
  7. 7.
    Newcastle Permanent
    credit union · HQ NSW
    6.09% p.a. variable
    ★ 4.0 / 5

    NSW Hunter-region credit union with a strong Newcastle/Central Coast presence.

    HQ in NSW · Strong local presence$500k / 30y / mo: $3,027Read full review →
  8. 8.
    Teachers Mutual Bank
    credit union · HQ NSW
    6.14% p.a. variable
    ★ 4.0 / 5

    Customer-owned bank serving the education sector; now part of TMBL umbrella.

    HQ in NSW · Strong local presence$500k / 30y / mo: $3,043Read full review →
  9. 9.
    Commonwealth Bank
    big4 · HQ NSW
    6.04% p.a. variable
    ★ 4.0 / 5

    Australia's largest home loan lender by book; comprehensive product range, branch network in every state.

    HQ in NSW · Big 4 national bank$500k / 30y / mo: $3,011Read full review →
  10. 10.
    HSBC Australia
    bank · HQ NSW
    5.94% p.a. variable
    ★ 4.0 / 5

    Global bank with a strong Premier-tier mortgage offering for high-income/expat borrowers.

    HQ in NSW$500k / 30y / mo: $2,978Read full review →

How we ranked these NSW lenders

For each lender we calculated a score using three signals:

  • Lowest variable rate (0–2.5 points) — inverted against the field, so the sharpest rate gets the maximum bonus.
  • Editorial rating (0–5 points) — from our independent lender review.
  • Home-state presence (0–2.8 points) — bonus for HQ in NSW, community presence, or Big 4 / digital national availability.

Affiliate partnerships are not a ranking factor. The score is deterministic and reproducible from the data on our public lenders page. Rates change frequently; the ranking is reviewed periodically.

General information only. Mortgage Rate Calculator publishes editorial content and tools for general information. We do not provide credit assistance and we do not give personal financial advice. We may earn commission when you click through to some lender websites — see our affiliate disclosure. We do not receive payment from any of the brokers listed on this site. Compare rates carefully and consider seeking independent advice before deciding on a home loan.