Average variable interest rate Australia 2019-2023, by mortgage type
As of December 2023, the average variable mortgage interest rate for Australian owner-occupier borrowers with outstanding loans was around 6.39 percent. In comparison, the average investor interest rate for outstanding loans was approximately 6.69 percent. New loan interest rates for owner-occupiers and investors were slightly lower that month at 6.24 and 6.52 percent, respectively.