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
Characteristic
Owner-occupier (outstanding loans)
Owner-occupier (new loans)
Investor (outstanding loans)
Investor (new loans)
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Reserve Bank of Australia. (July 10, 2024). Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/
Reserve Bank of Australia. "Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024." Chart. July 10, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/
Reserve Bank of Australia. (2024). Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/
Reserve Bank of Australia. "Average Owner-occupier and Investment Variable Mortgage Interest Rate in Australia from July 2019 to May 2024." Statista, Statista Inc., 10 Jul 2024, https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/
Reserve Bank of Australia, Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024 Statista, https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/ (last visited July 22, 2024)
Average owner-occupier and investment variable mortgage interest rate in Australia from July 2019 to May 2024 [Graph], Reserve Bank of Australia, July 10, 2024. [Online]. Available: https://www.statista.com/statistics/1450726/australia-average-variable-mortgage-interest-rate-by-type/