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
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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 December 30, 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 December 30, 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: December 30, 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 December 30, 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/
