In May 2024, the average variable mortgage interest rate for owner-occupiers in Australia was 7.27 percent. That same month, the average owner-occupier fixed mortgage interest rate was around 0.6 percent lower than the average variable mortgage interest rate.
Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type
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Average interest rate
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Average interest rate figures were calculated through the average of all interest rates for loans that: - Are for owner-occupiers. - Have principal-and-interest repayments. - Have maximum insured LVRs of 80% or higher (available for borrowers with at least 20% deposits).
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finder.com. (May 17, 2024). Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/
finder.com. "Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type ." Chart. May 17, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/
finder.com. (2024). Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/
finder.com. "Average Mortgage Interest Rate for Owner-occupiers in Australia as at May 2024, by Rate Type ." Statista, Statista Inc., 17 May 2024, https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/
finder.com, Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type Statista, https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/ (last visited July 22, 2024)
Average mortgage interest rate for owner-occupiers in Australia as at May 2024, by rate type [Graph], finder.com, May 17, 2024. [Online]. Available: https://www.statista.com/statistics/1447483/australia-average-owner-occupier-mortgage-interest-rate-by-rate-type/