Historical Australian home loan interest rates

See how Australian interest rates have fluctuated over time and compare today's rates.

Compare today's home loan rates

Rates last updated September 24th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.59%
3.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
3.64%
3.66%
$0
$0 p.a.
90%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.
3.64%
3.65%
$0
$0 p.a.
80%
Get a very low interest rate and pay fewer fees. Enjoy a fast online application process and add a 100% offset account for $10 a month.
3.64%
3.66%
$0
$0 p.a.
80%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $2 million from a convenient online lender.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Get double Velocity Frequent Flyer Points with this mortgage to spend on flights and more (for a limited time, subject to eligibility requirements). Redraw facility available on this variable rate home loan. Competitive interest rate.

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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133 Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

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Skip ahead to the historical rates you'd like to see

Using historical data to try and predict the future has been a strategy that many people have used. Investors have used past data to try and predict shares prices, historians have tried to information from the past to predict future social trends.

The same can be applied for home loan interest rates - you can analyse the past to see where in the economic cycle you currently stand with your mortgage.

The economic cycle is currently composed of peaks and troughs. When there is a peak, economic activity tends to be strong along with high interest rates. Likewise, a trough indicates low and weak economic activity with low interest rates to stimulate the economy. Generally, you would want to lock in your interest rate at its lowest.

See historical interest rates sorted by financial institution below

Commonwealth Bank
Date11/4/20162/3/201517/8/201422/6/201312/10/201211/5/201220/02/201219/12/20115/11/2010
Standard Variable Rate5.60
(Owner-Occupier)
5.656.156.156.607.017.417.317.81
Official cash rate2.002.252.502.753.253.754.254.254.75
Margin3.603.403.653.403.353.263.163.063.06

More Commonwealth Bank home loans

Westpac
Date11/4/20162/3/20158/8/201421/11/201321/09/2013
Standard Variable Rate5.68
(Owner-Occupier)
5.705.985.985.98
Official cash rate2.002.252.502.502.50
Margin3.683.453.483.483.48

More Westpac home loans

ANZ
Date11/4/20162/3/201525/03/201419/08/20131/10/2012
Standard Variable Rate5.56
(Owner-Occupier)
5.635.885.886.80
Official cash rate2.002.252.502.503.25
Margin3.563.383.383.383.55

Compare ANZ home loans

NAB
Date11/4/20162/3/201531/08/201417/12/201322/09/2013
Standard Variable Rate5.60
(Owner-Occupier)
5.635.885.885.88
Official cash rate2.002.252.502.502.50
Margin3.603.383.383.383.38

Compare NAB home loans

St.George
Date11/4/20162/3/201521/12/201429/05/20136/1/2012
Standard Variable Rate5.69
(Owner-Occupier)
5.745.996.247.42
Official cash rate2.002.252.502.754.25
Margin3.693.493.493.493.17

Compare St.George home loans

AMP
Date11/4/20162/3/20159/12/20145/12/2014
Standard Variable Rate5.73
(Owner-Occupier)
4.706.006.00
Official cash rate2.002.252.502.50
Margin3.732.453.503.50

Compare AMP home loans

Citibank
Date11/4/20162/3/20157/10/20146/6/20134/1/2012
Standard Variable Rate5.944.626.196.447.52
Official cash rate2.002.252.502.754.25
Margin3.942.375.793.693.27

Compare Citibank home loans

HSBC
Date11/4/20162/3/201523/07/201415/6/201320/1/2012
Standard Variable Rate5.60
(Owner-Occupier)
5.955.956.207.24
Official cash rate2.002.252.502.754.25
Margin3.603.703.453.452.99

Compare HSBC home loans

Suncorp
Date11/4/20162/3/20159/5/20143/11/20139/8/2013
Standard Variable Rate5.70
(Owner-Occupier)
5.995.995.996.24
Official cash rate2.002.252.502.502.50
Margin3.703.743.493.493.74

Compare Suncorp home loans

The Reserve Bank of Australia

Monetary policy is the Reserve Bank of Australia's responsibility. The policy decisions are made by the board with the objective of achieving inflation within 2 - 3%. Other objectives include:

  • Maintaining the financial system and Australia's currency
  • The goal of full employment in Australia
  • The safety and efficiency of the payments system
  • The wellbeing of the Australian economy and its people

What methodology did we use?

Existing pages from current bank websites were searched using Internet Archive, an online tool that takes snapshots of pages published on the Internet in the past. Since this is a fairly new tool, the dates only go back to 2010. Should you require any dates prior to this period, it may be best to speak to your lender directly.

How does the official cash rate affect my interest rate?

Banks and other lenders tend to add a margin to the official cash rate to get the rate at which they land to borrowers. If you have a variable rate loan then you lender will generally increase the interest rate when there is a rate rise and decrease it when there is a cut. However, financial institutions are not required to pass on rise or cut in full. Find out more about the factors that cause lenders to move interest rates.

Learn how to find the best home loan for you

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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Important Information*
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

Loans over $150k get a discount off an already low fixed rate. Available for NSW, QLD and ACT residents only.

Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150k+ Owner Occupier, P&I) Discount 1

New borrowers or refinancers can get a discounted rate with this package loan. Bonus $1,500 cashback for refinancers.

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2 Responses

  1. Default Gravatar
    June 15, 2017

    Looking for NAB SVR mortgage rates (owner occupied) from Feb 2008 to Sept 2013.

    • Default Gravatar
      JonathanJune 15, 2017

      Hi Damien!

      Thanks for the comment.

      Our available statistics are the ones shown above.

      You can contact NAB or RBA for your request of rates information.

      Hope this clarifies.

      Cheers,
      Jonathan

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