Average owner-occupier fixed interest rate Australia 2019-2023, by mortgage term
As of December 2023, the average fixed mortgage interest rate for Australian owner-occupier borrowers with an outstanding loan with a mortgage term equal to or less than three years was around 3.34 percent. In comparison, the average interest rate for outstanding owner-occupier loans greater than three years was approximately 4.88 percent. New fixed loan interest rates for owner-occupiers were around 2.9 and 1.8 percent higher that month, respectively.