In a survey conducted among Australian first home buyers in 2022, fixed-rate home loans proved to be the most popular, with around 35 percent of participants having obtained or planning to get a fixed home loan. Around 15 percent of respondents remained unsure of which interest rate to opt for.
Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022
sample includes 372 participants who purchased their first home in the previous 12 months and 629 participants who intended to purchase a home in the next 12 months
Supplementary notes
Original survey question: Did you/are you planning to get a fixed, variable or split rate home loan?
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finder.com. (August 18, 2022). Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/
finder.com. "Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022." Chart. August 18, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/
finder.com. (2022). Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/
finder.com. "Distribution of Home Loan Types Procured or Planning to Be Procured by First-time Home Buyers in Australia in 2022." Statista, Statista Inc., 18 Aug 2022, https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/
finder.com, Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022 Statista, https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/ (last visited December 22, 2024)
Distribution of home loan types procured or planning to be procured by first-time home buyers in Australia in 2022 [Graph], finder.com, August 18, 2022. [Online]. Available: https://www.statista.com/statistics/1357863/australia-share-of-home-loan-type-procurement-intentions-of-first-time-home-buyers/