Average variable interest rate Australia 2019-2024, by mortgage type

Published by Statista Research Department, Jul 10, 2024

As of May 2024, the average variable mortgage interest rate for Australian owner-occupier borrowers with outstanding loans was around 6.4 percent. In comparison, the average investor interest rate for outstanding loans was approximately 6.7 percent. New loan interest rates for owner-occupiers and investors were slightly lower that month, at 6.3 and 6.5 percent, respectively. 

Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024

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Release date

July 2024

Region

Australia, Australia and Oceania

Survey time period

July 2019 to May 2024

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Statistics on " Mortgages in Australia "

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Other statistics that may interest you Mortgages in Australia

Overview

7

Mortgage lenders

8

Owner-occupiers

7

First home buyers

7

Investors

3

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Topics

Mortgages in Australia Mortgage industry in the U.S.Mortgage industry worldwide: developed marketsResidential housing market in AustraliaReal estate industry in New Zealand
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