Consumer view on switching mortgage lender for a better deal Australia 2024

Published by Statista Research Department, Jan 6, 2025

According to a November 2024 survey among Australian consumers, around 10 percent of respondents had successfully switched to a new mortgage lender. Just over 25 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 2024

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Source

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Release date

December 2024

Region

Australia

Survey time period

November 2024

Number of respondents

2,003 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Survey question: Have you switched your mortgage lender for a better deal in the last 12 months?

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Statistics on " Mortgages in Australia "

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Overview

7

Mortgage lenders

8

Owner-occupiers

7

First home buyers

7

Investors

3

Further related statistics

17

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Statistics

Topics

Mortgages in Australia Mortgage industry in the U.S.Mortgage industry worldwide: developed marketsResidential housing market in AustraliaReal estate industry in New Zealand
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