As of November 2024, the average owner-occupier home loan interest rate was the highest in the Australian state of Western Australia, with an average rate of around **** percent. In comparison, the average mortgage interest rate in Victoria was at around **** percent.

As of the end of March 2025, the average mortgage interest rate for Australian owner-occupier borrowers was around *** percent. In comparison, the average investor interest rate was approximately *** percent. These rates refer to outstanding housing loans from banks and registered financial corporations. New loans financed in that month had even similar interest rates, at *** percent for owner-occupiers and *** percent for investors, respectively.

Mortgage Rate in Australia decreased to 5.84 percent in May from 5.98 percent in April of 2025. This dataset includes a chart with historical data for Australia Mortgage Rate.

In April 2025, the average variable mortgage interest rate for owner-occupiers in Australia was **** percent. That same month, the average owner-occupier fixed mortgage interest rate was around **** percent lower than the average variable mortgage interest rate.

As at November 2024, the average fixed interest rate for a 1-year standard owner-occupier residential mortgage in Australia was **** percent. In comparison, the average fixed rate for a 5-year standard mortgage was **** percent.

A collection of key statistics about home loans in Australia, including interest rates, loan sizes, refinancing trends, and borrowing activity based on the latest data from the ABS and RBA.

The benchmark interest rate in Australia was last recorded at 3.85 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of March 2025, the average fixed mortgage interest rate for Australian owner-occupier borrowers with an outstanding loan with a mortgage term equal to or less than three years was around *** percent. In comparison, the average interest rate for outstanding owner-occupier loans greater than three years was approximately *** percent. New fixed loan interest rates for owner-occupiers were around *** and *** percent higher that month, respectively.

Mortgage credit interest rate, percent in Australia, March, 2025 The most recent value is 7.32 percent as of March 2025, a decline compared to the previous value of 7.38 percent. Historically, the average for Australia from January 2000 to March 2025 is 6.21 percent. The minimum of 3.64 percent was recorded in August 2021, while the maximum of 9.32 percent was reached in July 2008. | TheGlobalEconomy.com

Key information about Australia Long Term Interest Rate

• Australia Government Bond Yield: Australian Government: 10 Years was reported at 4.42 % pa in Feb 2025, compared with 4.48 % pa in the previous month.
• Australia Long Term Interest Rate data is updated monthly, available from Jul 1969 to Feb 2025.
• The data reached an all-time high of 16.50 % pa in Aug 1982 and a record low of 0.80 % pa in Oct 2020.
• Long Term Interest Rate is reported by reported by Reserve Bank of Australia.

• In the latest reports, Australia Short Term Interest Rate: Month End: Bank Acceptance Bills Rates: 90 days was reported at 4.12 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Cash Target Rate) was set at 4.10 % pa in Feb 2025.
• Australia Exchange Rate against USD averaged 1.49 (USD/AUD) in Jun 2023.

Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Variable Rate data was reported at 6.303 % in Dec 2024. This records a decrease from the previous number of 6.332 % for Sep 2024. Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Variable Rate data is updated quarterly, averaging 3.771 % from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 6.341 % in Mar 2024 and a record low of 2.545 % in Mar 2022. Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Variable Rate data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB023: Residential Mortgage: New Lending.

Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Assessment Rate Used for Serviceability data was reported at 9.264 % in Dec 2024. This records a decrease from the previous number of 9.306 % for Sep 2024. Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Assessment Rate Used for Serviceability data is updated quarterly, averaging 6.855 % from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 9.312 % in Mar 2024 and a record low of 5.399 % in Jun 2021. Australia Residential Mortgages: New Lending: ADIs: Interest Rates: Weighted Average Assessment Rate Used for Serviceability data remains active status in CEIC and is reported by Australian Prudential Regulation Authority. The data is categorized under Global Database’s Australia – Table AU.KB023: Residential Mortgage: New Lending.

Australia Lending Interest Rate data was reported at 5.101 % pa in 2019. This records a decrease from the previous number of 5.261 % pa for 2018. Australia Lending Interest Rate data is updated yearly, averaging 7.269 % pa from Dec 1960 (Median) to 2019, with 60 observations. The data reached an all-time high of 16.458 % pa in 1989 and a record low of 5.000 % pa in 1960. Australia Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

As of March 2025, the average fixed mortgage interest rate for Australian investor borrowers with an outstanding loan with a mortgage term equal to or less than 3 years was around 5.2 percent. In comparison, the average interest rate for outstanding investor loans greater than 3 years was approximately *** percent.

This report analyses the standard variable home loan interest rate from registered banks. The data is collected monthly and converted into an average rate quoted by large bank lenders. Actual interest rates for loans can often vary, as they are subject to individual factors like loan size, the option of split-interest rates and whether there are redraw facilities or offset accounts. The data is sourced from the Reserve Bank of Australia (RBA) and presented as the average interest rate over each financial year.

Mortgage interest rates worldwide varied greatly in 2024, from less than **** percent in many European countries, to as high as ** percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

Australia Interest Rate Spread data was reported at 3.543 % pa in 2019. This records an increase from the previous number of 3.282 % pa for 2018. Australia Interest Rate Spread data is updated yearly, averaging 3.048 % pa from Dec 1981 (Median) to 2019, with 39 observations. The data reached an all-time high of 4.183 % pa in 2008 and a record low of -1.888 % pa in 1989. Australia Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;Median;

Mortgage brokers have benefited from the relatively resilient Australian housing market in recent years. Factors like the previously record-low interest rates, government stimulus and surging residential housing prices have improved loan values and loan volumes for brokers. Stronger commissions for brokers have grown profit margins and raised wages in the industry. Notably, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industries levied significant scrutiny on the conduct of mortgage brokers. As a result of the Royal Commission, numerous lenders changed their remuneration models for brokers, and the government even introduced legislation intended to reform the core principles of the industry. These reforms, including a statutory duty to act in the best interest of the borrower, have had varying effects on brokers. Overall, the Mortgage Brokers industry is expected to grow at an annualised 10.6% over the five years through 2024-25, to total $6.2 billion. Subsequent rate hikes introduced by the RBA in response to inflationary pressures have had relatively marginal effects on residential housing prices despite rising residential housing loan rates and the growing unaffordability of mortgages in general. Nonetheless, an expected easing of residential loan rates is set to push up mortgage broker revenue by an estimated 12.9% in 2024-25. Larger brokers have focused on improving their network sizes to improve the scale of their operations. Firms have also reckoned with threats from disruptive fintech operators. Interest rates are set to continue tumbling over the coming years following the RBA's cash rate drop in February 2025. However, the potential for future rate hikes pushing the housing market to a breaking point could have disastrous effects on mortgage brokers. Continued government stimulus in the form of the proposed Help to Buy Scheme and the Housing Australia Future Fund is set to support housing affordability and supply without artificially lowering housing prices and thereby indirectly benefiting broker operations. Overall, industry revenue is forecast to expand at an annualised 3.5% through 2029-30 to total $7.3 billion.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for Australia (IR3TBB01AUM156N) from Jan 1968 to Dec 2023 about bills, Australia, 3-month, yield, interest rate, banks, interest, depository institutions, and rate.

The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.