A survey conducted in 2023 among Australian consumers revealed that only 21 percent of mortgage holders had successfully negotiated a better interest rate on their mortgage. Around 79 percent of mortgage holders surveyed had not managed to or had no intention of trying to negotiate a better interest rate.
Share of mortgage holders who had negotiated a better interest rate on their mortgage 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 mortgage holders who had negotiated a better interest rate on their mortgage in the last 12 months in Australia as of November 2023 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/
Canstar Blue. "Share of mortgage holders who had negotiated a better interest rate on their mortgage in the last 12 months in Australia as of November 2023." Chart. December 7, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/
Canstar Blue. (2023). Share of mortgage holders who had negotiated a better interest rate on their mortgage in the last 12 months in Australia as of November 2023. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/
Canstar Blue. "Share of Mortgage Holders Who Had Negotiated a Better Interest Rate on Their Mortgage in The Last 12 Months in Australia as of November 2023." Statista, Statista Inc., 7 Dec 2023, https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/
Canstar Blue, Share of mortgage holders who had negotiated a better interest rate on their mortgage in the last 12 months in Australia as of November 2023 Statista, https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/ (last visited July 03, 2024)
Share of mortgage holders who had negotiated a better interest rate on their mortgage in the last 12 months in Australia as of November 2023 [Graph], Canstar Blue, December 7, 2023. [Online]. Available: https://www.statista.com/statistics/1358700/australia-share-of-mortgage-holders-who-negotiated-a-better-mortgage-interest-rate/