As of May 2024, the average fixed mortgage interest rate for Australian owner-occupier borrowers with an outstanding loan with a mortgage term equal to or less than three years was around 3.5 percent. In comparison, the average interest rate for outstanding owner-occupier loans greater than three years was approximately 5.6 percent. New fixed loan interest rates for owner-occupiers were around 2.5 and 1.2 percent higher that month, respectively.
Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term
Characteristic
Outstanding loans (less than three years)
Outstanding loans (greater than three years)
New loans (less than three years)
New loans (greater than three years)
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Reserve Bank of Australia. (July 10, 2024). Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/
Reserve Bank of Australia. "Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term." Chart. July 10, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/
Reserve Bank of Australia. (2024). Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/
Reserve Bank of Australia. "Average Owner-occupier Fixed Mortgage Interest Rate in Australia from July 2019 to May 2024, by Mortgage Term." Statista, Statista Inc., 10 Jul 2024, https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/
Reserve Bank of Australia, Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term Statista, https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/ (last visited July 22, 2024)
Average owner-occupier fixed mortgage interest rate in Australia from July 2019 to May 2024, by mortgage term [Graph], Reserve Bank of Australia, July 10, 2024. [Online]. Available: https://www.statista.com/statistics/1450728/australia-average-owner-occupier-fixed-mortgage-interest-rate-by-mortgage-term/