According to a November 2023 survey among Australian consumers, just shy of 10 percent of respondents had successfully switched to a new mortgage lender. Around 19 percent of consumers reportedly had no intention of switching their mortgage provider because they already were on a good interest rate.
Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023
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Other statistics that may interest you Mortgages in Australia
Overview
7
- Premium Statistic Quarterly real house price index Australia 2018-2023
- Premium Statistic Quarterly house price to income ratio Australia 2018-2023
- Basic Statistic Household lending value Australia 2014-2023
- Basic Statistic Monthly growth in housing finance Australia 2022-2024
- Premium Statistic Average owner-occupier mortgage interest rate Australia 2024, by rate type
- Premium Statistic Average home loan interest rate Australia 2023, by state
- Premium Statistic Average housing loan interest rate in Australia 2019-2023, by type of mortgage
Mortgage lenders
8
- Premium Statistic Leading mortgage providers Australia 2020-2023, by market share
- Premium Statistic Largest mortgage providers Australia 2023, by value of gross lending
- Premium Statistic Total home loan lending of the Commonwealth Bank of Australia FY 2018-2023
- Premium Statistic Total home loan lending of Westpac Australia FY 2018-2023
- Premium Statistic Total group home loan lending of National Australia Bank FY 2018-2023
- Premium Statistic Total home loan lending of the ANZ Banking Group FY 2018-2023
- Premium Statistic Share of mortgage holders who negotiated a better interest rate Australia 2023
- Premium Statistic Consumer view on switching mortgage lender for a better deal Australia 2023
Owner-occupiers
7
- Basic Statistic Household lending for owner occupied homes Australia 2014-2023
- Basic Statistic Number of new home loan commitments to owner occupiers Australia 2020-2023
- Basic Statistic Number of new home loan commitments to owner occupiers Australia 2023, by state
- Premium Statistic Estimated monthly mortgage repayments for existing property Australia 2023
- Premium Statistic Estimated monthly mortgage repayments for newly built property Australia 2023
- Premium Statistic Average remaining home loan balance Australia 2023, by state
- Premium Statistic Share of owner occupied mortgage holders at risk Australia 2020-2023
First home buyers
7
- Basic Statistic Household lending to first home buyers Australia 2020-2023
- Basic Statistic Household lending to first home buyers Australia 2023, by state or territory
- Basic Statistic Household lending to first home buyers Australia 2020-2024, by buyer type
- Basic Statistic Number of new loan commitments to first home buyers Australia 2020-2023
- Basic Statistic Number of new loan commitments to first home buyers Australia 2023, by state
- Premium Statistic First home buyer income share spent on home mortgage payments Australia 2024, by city
- Premium Statistic First home buyer income share spent on unit mortgage payments Australia 2024, by city
Investors
3
Further related statistics
17
- Leading mortgage providers in Belgium 2018, by market share
- Leading mortgage providers for first-time buyers in Netherlands 2023
- Quarterly revenue from mortgages Netherlands 2015-2023
- Breakdown of agreed new equity release plans the United Kingdom (UK) 2019
- Average age of new equity release plan customers the United Kingdom (UK) 2014-2019
- Age breakdown of equity release plan customers in the UK 2017, by mortgage type
- Average house price for equity release plan customers UK 2015-2019, by mortgage type
- Official mortgage rate 5-year Interest Rate Swap (IRS) Spain 2015-2016
- Gross mortgage lending share of UK leading banks in 2013
- Total outstanding balances of credit to households for home purchases Spain 2005-2015
- Average disposable income of new mortgagors in Sweden 2022, by area
- Total mortgage loan value Spain 2005-2016
- Average debt of new mortgage borrowers in Sweden 2022, by age
- Value of mortgages constituted in Spain 2003-2022, by property type
- Average market value of homes of new mortgage debtors in Sweden 2022, by age
- Value of mortgage lending in Canada Q1 2015-Q2 2020, by lender
- Housing stock demolitions in Scotland from 2009-2019, by city
Further Content: You might find this interesting as well
Statistics
- Leading mortgage providers in Belgium 2018, by market share
- Leading mortgage providers for first-time buyers in Netherlands 2023
- Quarterly revenue from mortgages Netherlands 2015-2023
- Breakdown of agreed new equity release plans the United Kingdom (UK) 2019
- Average age of new equity release plan customers the United Kingdom (UK) 2014-2019
- Age breakdown of equity release plan customers in the UK 2017, by mortgage type
- Average house price for equity release plan customers UK 2015-2019, by mortgage type
- Official mortgage rate 5-year Interest Rate Swap (IRS) Spain 2015-2016
- Gross mortgage lending share of UK leading banks in 2013
- Total outstanding balances of credit to households for home purchases Spain 2005-2015
- Average disposable income of new mortgagors in Sweden 2022, by area
- Total mortgage loan value Spain 2005-2016
- Average debt of new mortgage borrowers in Sweden 2022, by age
- Value of mortgages constituted in Spain 2003-2022, by property type
- Average market value of homes of new mortgage debtors in Sweden 2022, by age
- Value of mortgage lending in Canada Q1 2015-Q2 2020, by lender
- Housing stock demolitions in Scotland from 2009-2019, by city
Canstar Blue. (December 7, 2023). Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023." Chart. December 7, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. (2023). Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of Consumers Who Had Switched Their Mortgage Lender for a Better Deal in The Last 12 Months in Australia as of November 2023." Statista, Statista Inc., 7 Dec 2023, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue, Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 Statista, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/ (last visited June 18, 2024)
Share of consumers who had switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2023 [Graph], Canstar Blue, December 7, 2023. [Online]. Available: https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/