Average owner-occupier mortgage interest rate Australia 2024, by rate type

Published by Statista Research Department, Mar 15, 2024

In March 2024, the average variable mortgage interest rate for owner-occupiers in Australia was 7.24 percent. That same month, the average owner-occupier fixed mortgage interest rate was around 0.5 percent lower than the average variable mortgage interest rate.

Average mortgage interest rate for owner-occupiers in Australia as at March 2024, by rate type

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Release date

March 2024

Region

Australia

Survey time period

as at March 2024

Supplementary notes

Average interest rate figures were calculated through the average of all interest rates for loans that:
- Are for owner-occupiers.
- Have principal-and-interest repayments.
- Have maximum insured LVRs of 80% or higher (available for borrowers with at least 20% deposits).



Release date is date of access.

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