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Offset Variable OO Construction
Great Southern Bank's Offset Variable OO Construction is a home loan open only to a stated occupation, employer or membership. The figures are the ones Great Southern Bank publishes under the Consumer Data Right today. The advertised rate last moved on 7 October 2026, up from 8.30% to 8.55%.
Advertised rate
8.55%
headline tier
Comparison rate
6.45%
as published
Last moved
+0.25pp
7 October 2026
Advertised rate, last 30 days. Between 8.30% and 8.55% over the last 30 days.
Every current rate (3)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, Interest only, LVR up to 70%Offset Variable LVR <=70% | 8.55% | 6.45% |
| Variable, Owner occupier, Interest only, LVR 70 to 80%Offset Variable LVR >70% <=80% | 8.55% | 6.60% |
| Variable, Owner occupier, Interest only, LVR 80 to 90%Offset Variable LVR >80% <=90% | 8.55% | 6.90% |
Rate moves, last 30 days
- 7 October 2026: 3 tiers lifted 0.25pp; the lowest, Variable, Owner occupier, Interest only, LVR 80 to 90%, from 8.30% to 8.55%.
Published fees
| Fee | Amount |
|---|---|
| Establishment Feeupfront per plan: An establishment fee applies to all credit facilities and includes the cost of processing the application and the preparation of the Great Southern Bank loan do | $600 |
| Telegraphic transfer fee within Australiawhen it happens: Local telegraphic transfer to an account at a financial institution within Australia. | $35 |
| Account Information Feewhen it happens: Account informaton fee is payable when customer request the following: - An annual audit certificate on a Great Southern Bank account - A copy of a cheque or Vi | $20 |
| Valuation feewhen it happens: The establishment fee for non Rate Breaker home loans covers the cost of one valuation. | see lender |
| Home Guarantee Scheme LMI Premiumwhen it happens: Applicable only to eligible loans participating in the Home Guarantee Schemes including the First Home Guarantee (previously know as the First Home Loan Depos | see lender |
| Arrears Letter Feewhen it happens: Payable where Great Southern Bank sends you a letter in relation to arrears on your account. | $22 |
| Default Notice Feewhen it happens: Default notice fee is payable where Great Southern Bank sends you a default notice in relation to outstanding arrears on your account. | $33 |
| Split Loan Feewhen it happens: Split loan fee is payable a split involves two or more separate facilities (accounts). | $300 |
| Monthly Account Keeping Feerecurring | $0 |
| Monthly Feerecurring | $0 |
| Debt Collection Feewhen it happens: Costs incurred in the recovery of outstanding debts vary depending on the nature of the default. | see lender |
| Security Adminstration Feeupfront: For each security offered to the Great Southern Bank loan. | $235 |
Other Great Southern Bank home loans
1 year Fixed Rate OO P&I 6.75%2 year Fixed Rate OO P&I 6.75%3 year Fixed Rate OO P&I 6.75%5 year Fixed Rate OO P&I 6.80%1 year Fixed Rate INV P&I 6.95%2 year Fixed Rate INV P&I 6.95%3 year Fixed Rate INV P&I 6.95%5 year Fixed Rate INV P&I 7.00%5year Fixed Rate INV IO 7.15%1 year Fixed Rate INV IO 7.25%1 year Fixed Rate OO IO 7.25%2 year Fixed Rate INV IO 7.25%
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