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.

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.

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 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.

Lending interest rate (%) in Australia was reported at 5.101 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

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.

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.;;

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

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 owner-occupier residential mortgage in Australia was **** percent. In comparison, the average fixed rate for a 5-year standard mortgage was **** percent.

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.

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.

A survey conducted in 2024 among Australian consumers revealed that only 21 percent of mortgage holders had successfully negotiated a better interest rate on their mortgage. Around 18 percent of mortgage holders surveyed had tried but not managed to negotiate a better interest rate.

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 Lending Rate: Small Business: Variable: Others: Overdraft data was reported at 10.510 % pa in Mar 2025. This records a decrease from the previous number of 10.630 % pa for Feb 2025. Australia Lending Rate: Small Business: Variable: Others: Overdraft data is updated monthly, averaging 9.960 % pa from Feb 1976 (Median) to Mar 2025, with 590 observations. The data reached an all-time high of 21.050 % pa in Dec 1989 and a record low of 6.510 % pa in Apr 2022. Australia Lending Rate: Small Business: Variable: Others: Overdraft 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.

This dataset provides values for 15 YEAR 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 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.

The average for 2023 based on 5 countries was 7.66 percent. The highest value was in Vanuatu: 8.94 percent and the lowest value was in Fiji: 4.97 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.