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.

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.

Mortgage Rate in Australia remained unchanged at 5.76 percent in July. This dataset includes a chart with historical data for Australia Mortgage Rate.

In August 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.

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.

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

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, June, 2025 The most recent value is 7 percent as of June 2025, a decline compared to the previous value of 7.05 percent. Historically, the average for Australia from January 2000 to June 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

The benchmark interest rate in Australia was last recorded at 3.60 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Mortgage interest rates worldwide varied greatly in June 2025, 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 increases 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 2024, 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.

Mortgage lenders are dealing with the RBA's shift to a tighter monetary policy, as it fights heavy inflation. Since May 2022, the RBA has raised the benchmark cash rate, which flows to interest rates on home loans. This represents a complete reversal of the prevailing approach to monetary policy taken in recent years. Over the course of the pandemic, subdued interest rates, in conjunction with government incentives and relaxed interest rate buffers, encouraged strong mortgage uptake. With the RBA's policy reversal, authorised deposit-taking institutions will need to balance their interest rate spreads to ensure steady profit. A stronger cash rate means more interest income from existing home loans, but also steeper funding costs. Moreover, increasing loan rates mean that prospective homeowners are being cut out of the market, which will slow demand for new home loans. Overall, industry revenue is expected to rise at an annualised 0.4% over the past five years, including an estimated 2.2% jump in 2023-24, to reach $103.4 billion. APRA's regulatory controls were updated in January 2023, with new capital adequacy ratios coming into effect. The major banks have had to tighten up their capital buffers to protect against financial instability. Although the ‘big four’ banks control most home loans, other lenders have emerged to foster competition for new loanees. Technological advances have made online-only mortgage lending viable. However, lenders that don't take deposits are more reliant on wholesale funding markets, which will be stretched under a higher cash rate. Looking ahead, technology spending isn't slowing down, as consumers continue to expect secure and user-friendly online financial services. This investment is even more pressing, given the ongoing threat of cyber-attacks. Industry revenue is projected to inch upwards at an annualised 0.8% over the five years through 2028-29, to $107.7 billion.

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.

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate. The table shows the latest available data from the national authorities as well as the values from three months ago and one year ago. The data are updated continuously.

This dataset provides values for MORTGAGE RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

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.

Australia Lending Rate: Personal Loans: Revolving Credit: Home Equity Loans data was reported at 6.198 % pa in Feb 2020. This stayed constant from the previous number of 6.198 % pa for Jan 2020. Australia Lending Rate: Personal Loans: Revolving Credit: Home Equity Loans data is updated monthly, averaging 7.220 % pa from Jan 1991 (Median) to Feb 2020, with 350 observations. The data reached an all-time high of 16.000 % pa in Apr 1991 and a record low of 5.606 % pa in Aug 2015. Australia Lending Rate: Personal Loans: Revolving Credit: Home Equity Loans data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.M004: Lending Rate.