A home loan that backs all your dreams


Make sure your mortgage makes your money work harder

What does money mean to you? If it’s freedom to make choices about how you live and work, you’re not alone. According to the Financial Planning Association’s 2016 study, 54% of Australian Gen Ys defined ‘living the dream’ as ‘financial freedom and independence’.

Whether that means being able to finance travel, further study or fund that passion project (or all three at once), the key could be a product that was once seen as the opposite of freedom: your mortgage.

Today’s home loans are as flexible as your career and lifestyle, which means you can make smarter choices and spontaneously seize the next opportunity.

This is a digital bank account designed for the way we live today. One that can back your dreams, and give you the freedom to make the choices you want.

So what should you look for? With multiple offset accounts, unlimited loan splits and a banking app packed with digital tools, Macquarie’s offset home loan is a smart home loan package – and one that can keep up with your life. Here are a few ways you can make the most of it, and live out your dreams.

With great rates from

3.09% pa
Variable rate
3.35% pa
Comparison rate*
For new owner occupied offset home loans only

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Think of your offset as a turbo-charged savings plan

An offset account is a transaction account linked to your mortgage. Every dollar in that account 'offsets' the balance of your loan – reducing the amount of interest you pay every month.

Here’s an example. If you have a home loan of $500,000 and $20,000 in your offset account, your interest payments are calculated on the $480,000. You can use this calculator to work out just how much that could save over the life of your loan if you don’t touch that $20,000.

For some people, this makes more financial sense than parking your money in a high interest savings account – where you’ll likely pay tax on the interest earned.

However, leaving that $20,000 in there doesn’t help you fuel your other dreams, whether that’s your own business or a move overseas. That’s why more than one offset account can help. If you keep each ‘pot’ separate and clearly labelled, you resist the temptation to dip in to fund something else.

“A multiple offset home loan can help in many ways,” explains Katrina Anderson of Sage Loan Services.

She suggests property investors can also set up a separate offset account linked to their home loan, specifically for rent and any investment-related expense payments.

“This maximises the funds in the offset account to reduce the interest payable on your non-deductible debt – your own home loan – but keeps your deductible investment property loan account balance at its highest.”

If you’re thinking about starting your own business, sole traders could temporarily put business-related funds into their offset account - such as GST or PAYG tax before the BAS is due. “Because it’s a separate account from your personal expenses, it’s easier for accounting purposes. You can then transfer the funds back to the business for payment,” explains Anderson.

You can also create an offset account to build up surplus funds to invest in shares. Whatever your goals, it’s a smart way to fast-track your savings.

It's your money. Get a real-time view of it.

If managing all those accounts sounds a bit complicated, that’s where Macquarie’s digital tools make a real difference. Account transfers can be made on your phone, in real-time. And you can get a debit MasterCard with your offset accounts – which you can also use overseas.

Every card transaction is automatically categorised, so you can keep an eye on your budget without thinking about it. Intuitive search makes it easy to find transaction information on your phone – you can even check the exact location of a purchase.

This is a digital bank account designed for the way we live today. And it’s this complete package that makes it such a smart first home loan. One that can back your dreams, and give you the freedom to make the choices you want – no matter what opportunities come your way.

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 Rate applies for new owner occupied loans when you borrow up to 70% of the property value with a principal and interest repayment variable rate basic home loan. Subject to change without notice.

* The comparison rates are based on a loan for $150,000 and a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Information and interest rates are current as at 8 October 2019 and are subject to change.

Fees & Charges

  • At the end of the fixed rate period, the interest rate will revert to the current standard discounted rates. Our Standard Variable rate and Standard Interest Only Variable rate are currently 4.82% pa and 5.31% pa respectively (variable and comparison*) for Basic owner occupied home loans. Our Investment Variable rate and Investment Interest Only Variable rate are 5.53% pa and 5.88% pa respectively (variable and comparison* for Basic investment home loans. You will be notified of the discount that applies to your rate prior to the end of your fixed rate period.
  • Fixed rate loans may be subject to significant break costs. Please refer to your loan contract and terms for details of break costs applicable
  • Fees and charges apply.

Unless stated otherwise, this information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL & Australian Credit Licence 237502 and does not take into account your objectives, financial situation or needs. Before making any financial investment decision or a decision about whether to acquire a credit or lending product, a person should obtain and review the terms and conditions relating to that product and also seek independent financial, legal and taxation advice. All applications are subject to Macquarie’s standard credit approval criteria.