According to a November 2022 survey among Australian consumers, a majority of 50 percent of respondents reportedly had no intention of switching their mortgage lender. Around 15 percent of consumers successfully remortgaged at a lower home loan rate, whereas 23 percent intend to switch their mortgage providers.
Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022
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Other statistics that may interest you Mortgages in Australia
Overview
4
Mortgage lenders
5
- Premium Statistic Leading mortgage providers Australia 2020-2022, by market share
- Premium Statistic Largest mortgage providers Australia 2022, by value of gross lending
- Premium Statistic Share of household lending market of major Australian banks April 2022
- 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 2018-2022
Home loans
6
- Premium Statistic Change in home loan activity Australia 2022, by property buyer
- Premium Statistic Monthly change in average owner-occupier home loans Australia 2022
- Premium Statistic Estimated monthly mortgage repayments for existing property Australia 2022
- Premium Statistic Estimated monthly mortgage repayments for newly built property Australia 2022
- Premium Statistic Average home loan interest rate Australia 2022, by state
- Premium Statistic Average remaining home loan balance Australia 2022, by state
Mortgage holders
5
- Premium Statistic Share of mortgage holders concerned about mortgage repayment increases Australia 2022
- Premium Statistic Share of mortgage holders who feel prepared for higher interest rates Australia 2023
- Premium Statistic Share of mortgage holders who negotiated a better interest rate Australia 2022
- Premium Statistic Consumers view on switching mortgage lender for a better deal Australia 2022
- Premium Statistic Share of owner occupied mortgage holders at risk Australia 2020-2022
Housing affordability
6
- Premium Statistic Quarterly real house price index Australia 2018-2021
- Premium Statistic Quarterly house price to income ratio Australia 2018-2021
- Premium Statistic Growth in residential house prices Australia 2006-2021
- Premium Statistic Growth of median house prices Australia H1 2021-H1 2022, by capital city
- Premium Statistic Capital city housing affordability Australia 2022, by median house price to income
- Premium Statistic Opinion of consumers on house prices in the next two years Australia 2022
First-time home buyers
6
- Premium Statistic Intended maximum budget of first-time home buyers Australia 2022
- Premium Statistic Leading financial concerns among first-time home buyers Australia 2022
- Premium Statistic Number of loans issued to first-time home buyers Australia Q1 2023, by state
- Premium Statistic Share of home loan types procured by first-time home buyers Australia 2022
- Premium Statistic Mortgage lenders used to procure a home loan by first-time home buyers Australia 2022
- Premium Statistic Share of first home buyers income put towards mortgage repayments Australia 2022
Further related statistics
17
- Leading mortgage providers in Belgium 2018, by market share
- Leading mortgage providers for first-time buyers in Netherlands Q1 2023
- Quarterly revenue from mortgages Netherlands 2015-2019
- 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 2021, by area
- Total mortgage loan value Spain 2005-2016
- Average debt of new mortgage debtors in Sweden 2021, by age
- Value of mortgages constituted quarterly in Spain 2017-2022, by property type
- Average market value of homes of new mortgage debtors in Sweden 2021, 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 Q1 2023
- Quarterly revenue from mortgages Netherlands 2015-2019
- 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 2021, by area
- Total mortgage loan value Spain 2005-2016
- Average debt of new mortgage debtors in Sweden 2021, by age
- Value of mortgages constituted quarterly in Spain 2017-2022, by property type
- Average market value of homes of new mortgage debtors in Sweden 2021, 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 1, 2022). Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022 [Graph]. In Statista. Retrieved September 22, 2023, from https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022." Chart. December 1, 2022. Statista. Accessed September 22, 2023. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. (2022). Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022. Statista. Statista Inc.. Accessed: September 22, 2023. https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue. "Share of Consumers Who Have Switched Their Mortgage Lender for a Better Deal in The Last 12 Months in Australia as of November 2022." Statista, Statista Inc., 1 Dec 2022, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/
Canstar Blue, Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022 Statista, https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/ (last visited September 22, 2023)
Share of consumers who have switched their mortgage lender for a better deal in the last 12 months in Australia as of November 2022 [Graph], Canstar Blue, December 1, 2022. [Online]. Available: https://www.statista.com/statistics/1228046/australia-switching-mortgage-lender-for-a-better-deal/