According to a November 2023 survey among Australian consumers, just shy of 10 percent of respondents had successfully switched to a new mortgage lender. Around 19 percent of consumers reportedly had no intention of switching their mortgage provider because they already were on a good interest rate.
Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023
Characteristic
Share of respondents
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Canstar Blue. (December 7, 2023). Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023." Chart. December 7, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. (2023). Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of Consumers Who Had Switched Their Mortgage Lender for a Better Deal in The Last 12 Months in Australia as of November 2023." Statista, Statista Inc., 7 Dec 2023, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue, Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 Statista, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/ (last visited July 22, 2024)
Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 [Graph], Canstar Blue, December 7, 2023. [Online]. Available: https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/