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Historical Australian mortgage interest rates [updated]
See how Australian interest rates have fluctuated over time and compare today's rates.
On this page you can find the average standard variable home loan interest rate from 1959 until the present, plus a graph showing the recent history of the RBA cash rate. Below that you can also find a selection of historic home loan rates by lender.
Historic average mortgage rate (standard variable rate): 1959-2019
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.
The RBA cash rate over time
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
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 iwestpacnstitutions 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
See historical interest rates sorted by financial institution below
Commonwealth Bank
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.60 | 2.00 | 3.60 |
| 2/3/2015 | 5.65 | 2.25 | 3.40 |
| 17/8/2014 | 6.15 | 2.50 | 3.65 |
| 22/6/2013 | 6.15 | 2.75 | 3.40 |
| 12/10/2012 | 6.60 | 3.25 | 3.35 |
| 19/12/2011 | 7.31 | 4.25 | 3.06 |
| 5/11/2010 | 7.81 | 4.75 | 3.06 |
More Commonwealth Bank home loans
Westpac
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.68 | 2.00 | 3.68 |
| 2/3/2015 | 5.70 | 2.25 | 3.45 |
| 8/8/2014 | 5.98 | 2.50 | 3.48 |
| 21/11/2013 | 5.98 | 2.50 | 3.48 |
| 21/09/2013 | 5.98 | 2.50 | 3.48 |
ANZ
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.56 | 2.00 | 3.56 |
| 2/3/2015 | 5.63 | 2.25 | 3.38 |
| 25/03/2014 | 5.88 | 2.50 | 3.38 |
| 19/08/2013 | 5.88 | 2.50 | 3.38 |
| 1/10/2012 | 6.80 | 3.25 | 3.55 |
NAB
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.60 | 2.00 | 3.60 |
| 2/3/2015 | 5.63 | 2.25 | 3.38 |
| 31/08/2014 | 5.88 | 2.50 | 3.38 |
| 17/12/2013 | 5.88 | 2.50 | 3.38 |
| 22/09/2013 | 5.88 | 2.50 | 3.38 |
St.George
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.69 | 2.00 | 3.69 |
| 2/3/2015 | 5.74 | 2.25 | 3.49 |
| 21/12/2014 | 5.99 | 2.50 | 3.49 |
| 29/05/2013 | 6.24 | 2.75 | 3.49 |
| 6/1/2012 | 7.42 | 4.25 | 3.17 |
AMP
| Date | Standard var. rate | Cash rate | Margin |
|---|---|---|---|
| 11/4/2016 | 5.73 | 2.00 | 3.73 |
| 2/3/2015 | 4.70 | 2.25 | 2.45 |
| 9/12/2014 | 6.00 | 2.50 | 3.50 |
| 5/12/2014 | 6.00 | 2.50 | 3.50 |
More rate statistics and information
If you're interested in comparing current mortgage interest rates you could look at the competitive offers on our main home loans page, check out statistical information on current average rates or look at our monthly lowest loan rates tracker.
Compare some of today's home loan rates
Rates last updated September 22nd, 2019
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Ask an Expert
Looking for NAB SVR mortgage rates (owner occupied) from Feb 2008 to Sept 2013.
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