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.
In recent years, the value of mortgage debt outstanding in Australia has been growing for both owner-occupied and investment housing. As of December 2024, the mortgage debt secured on owner-occupier housing amounted to over *** trillion Australian dollars. In comparison, in December 2011, borrowers owed roughly *** billion Australian dollars.
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Mortgage Rate in Australia decreased to 5.97 percent in March from 6.03 percent in February of 2025. This dataset includes a chart with historical data for Australia Mortgage Rate.
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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 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 6.36 percent. In comparison, the average mortgage interest rate in Victoria was at around 6.26 percent.
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Home Loans in Australia decreased to 53168.90 AUD Million in the first quarter of 2025 from 54808.60 AUD Million in the fourth quarter of 2024. This dataset provides - Australia Home Loans- actual values, historical data, forecast, chart, statistics, economic calendar and news.
In 2024, the ten largest mortgage lenders in Australia comprised over ** percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were leading mortgage providers by value of gross mortgage lending and accounted for roughly ** and ** percent of gross mortgage lending respectively.
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Percentage of Households: One Family: Other: Tenure & Landlord: Owner Without a Mortgage data was reported at 35.400 % in 2020. This records an increase from the previous number of 31.300 % for 2018. Percentage of Households: One Family: Other: Tenure & Landlord: Owner Without a Mortgage data is updated yearly, averaging 42.500 % from Jun 2001 (Median) to 2020, with 11 observations. The data reached an all-time high of 50.800 % in 2001 and a record low of 31.300 % in 2018. Percentage of Households: One Family: Other: Tenure & Landlord: Owner Without a Mortgage data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H042: Survey of Income and Housing: Percentage of Households: by Tenure & Landlord.
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.
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Market Size statistics on the Mortgages industry in Australia
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Australia Residential Mortgages: ADIs: Credit Outstanding data was reported at 2,288,546.400 AUD mn in Sep 2024. This records an increase from the previous number of 2,262,093.500 AUD mn for Jun 2024. Australia Residential Mortgages: ADIs: Credit Outstanding data is updated quarterly, averaging 2,000,551.000 AUD mn from Mar 2019 (Median) to Sep 2024, with 23 observations. The data reached an all-time high of 2,288,546.400 AUD mn in Sep 2024 and a record low of 1,790,106.800 AUD mn in Mar 2019. Australia Residential Mortgages: ADIs: Credit Outstanding 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.KB024: Residential Mortgage: Credit Outstanding.
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Australia Residential Mortgages: ADIs: Non Performing Loans: Mortgagee in Possession data was reported at 280.200 AUD mn in Dec 2024. This records a decrease from the previous number of 298.800 AUD mn for Sep 2024. Australia Residential Mortgages: ADIs: Non Performing Loans: Mortgagee in Possession data is updated quarterly, averaging 302.300 AUD mn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 743.900 AUD mn in Jun 2019 and a record low of 244.600 AUD mn in Mar 2021. Australia Residential Mortgages: ADIs: Non Performing Loans: Mortgagee in Possession 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.KB025: Residential Mortgage: Non Performing Loans.
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Australia Average Weekly Household Expenditure: Mortgage Repayments: Principal, Selected Dwelling data was reported at 70.770 AUD in 2016. This records an increase from the previous number of 49.310 AUD for 2010. Australia Average Weekly Household Expenditure: Mortgage Repayments: Principal, Selected Dwelling data is updated yearly, averaging 27.580 AUD from Jun 1984 (Median) to 2016, with 7 observations. The data reached an all-time high of 70.770 AUD in 2016 and a record low of 6.490 AUD in 1984. Australia Average Weekly Household Expenditure: Mortgage Repayments: Principal, Selected Dwelling data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H043: Household Expenditure Survey.
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Market Size statistics on the Reverse Mortgage Providers industry in Australia
In 2024, the ten largest mortgage lenders in Australia had a market share of roughly ** percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were the largest mortgage lenders, with approximately *** and *** billion Australian dollars in gross mortgage lending, respectively.
Expert industry market research on the Mortgages in Australia (2008-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.
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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.
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Employment statistics on the Mortgage Brokers industry in Australia
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Residential Mortgages: ADIs: Credit Outstanding: Term Loans: LVR: More Than 60% Less Than 80% data was reported at 1,150,977.600 AUD mn in Dec 2024. This records an increase from the previous number of 1,139,697.800 AUD mn for Sep 2024. Residential Mortgages: ADIs: Credit Outstanding: Term Loans: LVR: More Than 60% Less Than 80% data is updated quarterly, averaging 1,018,261.300 AUD mn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 1,150,977.600 AUD mn in Dec 2024 and a record low of 859,293.000 AUD mn in Mar 2019. Residential Mortgages: ADIs: Credit Outstanding: Term Loans: LVR: More Than 60% Less Than 80% 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.KB024: Residential Mortgage: Credit Outstanding.
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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.
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.