Mortgage Rate in Australia decreased to 6.24 percent in December from 6.30 percent in November of 2022. source: Reserve Bank of Australia
Mortgage Rate in Australia averaged 6.88 Percent from 1990 until 2022, reaching an all time high of 15.50 Percent in September of 1990 and a record low of 2.14 Percent in March of 2021. This page includes a chart with historical data for Australia Mortgage Rate. Australia Mortgage Rate - values, historical data and charts - was last updated on February of 2023.
Mortgage Rate in Australia is expected to be 6.74 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Mortgage Rate is projected to trend around 5.99 Percent in 2024 and 5.64 Percent in 2025, according to our econometric models.