Alcove Partners
monthly rates card · June 2026

Monthly Rates Card.

A bigger-picture view of where the major lenders sit this month — across owner-occupied, investment, and fixed. Sharpest rate per LVR band is highlighted in yellow.

01 · Owner Occupied P&I02 · Investment P&I03 · Investment IO04 · Fixed & Cashback05 · Call Script
01 · owner occupied

Owner Occupied — Principal & Interest

Sharpest variable rate by lender, grouped by LVR band.

Loan$800,000RepaymentPrincipal & InterestPurposeOwner OccupiedReferenceVariable, ongoing
A
ANZ
70% or below6.12%
70% to 80%6.17%
> 80%6.49%
CB
Commonwealth Bank
70% or below6.22%
70% to 80%6.34%
> 80%6.54%
I
ING
● sharpest in band
70% or below6.14%
70% to 80%6.14%
> 80%6.34%
M
Macquarie
● sharpest in band
70% or below6.09%
70% to 80%6.14%
> 80%6.34%
N
NAB
70% or below6.24%
70% to 80%6.30%
> 80%6.44%
SG
St.George
70% or below6.15%
70% to 80%6.21%
> 80%6.69%
W
Westpac
70% or below6.18%
70% to 80%6.24%
> 80%6.70%
02 · investment

Investment — Principal & Interest

Investment-purpose loans repaid as P&I, by LVR band.

Loan$800,000RepaymentPrincipal & InterestPurposeInvestmentReferenceVariable, ongoing
A
ANZ
70% or below6.25%
70% to 80%6.32%
> 80%6.61%
CB
Commonwealth Bank
70% or below6.37%
70% to 80%6.51%
> 80%7.04%
I
ING
● sharpest in band
70% or below6.29%
70% to 80%6.29%
> 80%6.59%
M
Macquarie
● sharpest in band
70% or below6.24%
70% to 80%6.29%
> 80%7.15%
N
NAB
70% or below6.37%
70% to 80%6.44%
> 80%6.89%
SG
St.George
70% or below6.33%
70% to 80%6.41%
> 80%6.94%
W
Westpac
70% or below6.36%
70% to 80%6.44%
> 80%6.92%
03 · investment IO

Investment — Interest Only

Investment loans on a 2-year interest-only period, by LVR band.

Loan$800,000RepaymentInterest OnlyIO period2 yearsPurposeInvestment
A
ANZ
70% or below6.49%
70% to 80%6.49%
> 80%6.86%
CB
Commonwealth Bank
70% or below6.85%
70% to 80%6.95%
> 80%7.30%
I
ING
● sharpest in band
70% or below6.44%
70% to 80%6.44%
> 80%6.79%
M
Macquarie
70% or below6.44%● sharp
70% to 80%6.54%
> 80%N/A
N
NAB
70% or below6.61%
70% to 80%6.66%
> 80%7.29%
SG
St.George
70% or below6.53%
70% to 80%6.64%
> 80%7.22%
W
Westpac
70% or below6.56%
70% to 80%6.67%
> 80%7.17%
04 · fixed & cashback

Fixed Rates — 1 & 2 Year

Owner Occupied · $800k loan · 80% LVR.

Lender1 year2 year
ANZ6.34%6.39%
Commonwealth Bank6.49%6.34%
ING6.44%6.34%
Macquarie6.49%6.59%
NAB6.49%6.54%
St.George6.49%6.39%
Westpac6.49%6.39%

Cashback offers

For loans > $250k. Where offers exist, they're called out below.

ANZ
$2,000 Refi / $3,000 FHB
Commonwealth Bank
Nil
ING
Nil
Macquarie
Nil
NAB
Nil
St.George
Nil
Westpac
Nil
05 · for you, the customer

Your Call Script.

Use this when you ring your bank to ask for a better rate. Swap the bracketed values for figures from the rates tables above.

What to say

"Hi — I'm calling regarding my current variable rate. It doesn't look competitive in comparison to current offerings.

I've seen <Bank A> and <Bank B> are offering <rate from card>%, and noticed that you are offering <your bank's new-customer rate>% to new clients.

I'd like you to please review my current rate to match this <new-customer rate>% — given that I'm a long-term customer.

If you're not willing to offer this rate, I will look at refinancing away to another bank."

If currently on a fixed rate

Suggest obtaining break costs at the same time — split loans, etc. Often worth running in parallel.

Escalation path

If the front-line team can't help, ask them to put a loan discharge form through to the retentions team — that's who can move on rate.

Pushing further

You can also raise cashback offers from competitors. Less commonly honoured by your existing bank — but worth a try.

If they say no

Let us know. We'll quietly run a refinance comparison so you have a real alternative on the table.

Book a call with Alcove →
● Sharpest in band. All rates are indicative only and subject to change. A full review of your financial situation is required before acceptance of any offer or product. Cashback offers are subject to lender T&Cs and may require minimum loan size, LVR or product type. Rates current as at 1 June 2026.
a quiet conversation

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Thirty minutes, no cost, no obligation. We'll listen, sketch the options, and tell you straight whether we can help.

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