What Are the Average Home Loan Interest Rates?
Wondering how competitive your current home loan interest rate is? We've explored the latest rates across Australian lenders and found substantial differences between the highest and lowest available rates.
Here’s what you need to know.
Owner-Occupied Home Loan Rates (Principal & Interest)
Rates as at 15 March 2025
| Variable Rates | Basic | Standard Packaged |
|---|---|---|
| Average | 6.41% | 6.67% |
| Minimum | 5.74% | 5.88% |
| Maximum | 9.29% | 8.76% |
Owner-Occupied Interest-Only Rates
Rates as at 15 March 2025
| Variable Rates | Basic | Standard Packaged |
|---|---|---|
| Average | 7.04% | 7.11% |
| Minimum | 5.95% | 5.89% |
| Maximum | 9.29% | 8.81% |
Investment Loan Rates (Principal & Interest)
Rates as at 15 March 2025
| Variable Rates | Basic | Standard Packaged |
|---|---|---|
| Average | 6.65% | 6.91% |
| Minimum | 6.04% | 5.94% |
| Maximum | 9.29% | 9.38% |
Investment Loan Interest-Only Rates
Rates as at 15 March 2025
| Variable Rates | Basic | Standard Packaged |
|---|---|---|
| Average | 6.95% | 7.20% |
| Minimum | 6.09% | 6.09% |
| Maximum | 9.29% | 9.38% |
Average Mortgage Sizes in Australia
According to recent data from the Australian Bureau of Statistics (ABS), the national average mortgage size is currently $666,000.
Average Mortgage Size by State (as at December 2024):
- ACT: $650,000
- New South Wales: $811,000
- Northern Territory: $465,000
- Queensland: $635,000
- South Australia: $580,000
- Tasmania: $473,000
- Victoria: $632,000
- Western Australia: $599,000
Data source: ABS, loan amount based on $600,000 at 80% LVR.