As at July 2024, the average fixed interest rate for a 1-year standard owner-occupier residential mortgage in Australia was 6.85 percent. In comparison, the average fixed rate for a 5-year standard mortgage was 6.89 percent.
Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term
Based on owner-occupier loans available for 600,000 AUD, 80% LVR and interest-only payments. Excludes first home buyer only and introductory home loans; except for minimum variable rates which include introductory loans.
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Canstar Blue. (July 15, 2024). Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/
Canstar Blue. "Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term." Chart. July 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/
Canstar Blue. (2024). Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/
Canstar Blue. "Average Fixed Interest Rate for Standard Residential Owner-occupier Mortgages in Australia as at July 2024, by Mortgage Term." Statista, Statista Inc., 15 Jul 2024, https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/
Canstar Blue, Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term Statista, https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/ (last visited December 21, 2024)
Average fixed interest rate for standard residential owner-occupier mortgages in Australia as at July 2024, by mortgage term [Graph], Canstar Blue, July 15, 2024. [Online]. Available: https://www.statista.com/statistics/1412378/australia-average-fixed-standard-owner-occupier-mortgage-interest-rate-by-mortgage-term/
