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

DateStandard var. rateCash rateMargin
11/4/20165.602.003.60
2/3/20155.652.253.40
17/8/20146.152.503.65
22/6/20136.152.753.40
12/10/20126.603.253.35
19/12/20117.314.253.06
5/11/20107.814.753.06

More Commonwealth Bank home loans

Westpac

DateStandard var. rateCash rateMargin
11/4/20165.682.003.68
2/3/20155.702.253.45
8/8/20145.982.503.48
21/11/20135.982.503.48
21/09/20135.982.503.48

More Westpac home loans

ANZ

DateStandard var. rateCash rateMargin
11/4/20165.562.003.56
2/3/20155.632.253.38
25/03/20145.882.503.38
19/08/20135.882.503.38
1/10/20126.803.253.55

More ANZ home loans

NAB

DateStandard var. rateCash rateMargin
11/4/20165.602.003.60
2/3/20155.632.253.38
31/08/20145.882.503.38
17/12/20135.882.503.38
22/09/20135.882.503.38

More NAB home loans

St.George

DateStandard var. rateCash rateMargin
11/4/20165.692.003.69
2/3/20155.742.253.49
21/12/20145.992.503.49
29/05/20136.242.753.49
6/1/20127.424.253.17

More St.George home loans

AMP

DateStandard var. rateCash rateMargin
11/4/20165.732.003.73
2/3/20154.702.252.45
9/12/20146.002.503.50
5/12/20146.002.503.50

More AMP home loans

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
$
Loan purpose
Offset account
Loan type
Repayment 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
3.18%
3.21%
$0
$0 p.a.
80%
This low, variable rate loan has no ongoing fees and a redraw facility. Requires a 20% deposit.
3.09%
3.05%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.09%
3.09%
$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.
2.99%
3.79%
$300
$10 monthly ($120 p.a.)
80%
Get a very low fixed rate for three years and lock in low repayments. Available with a low deposit.
3.38%
3.42%
$0
$0 p.a.
80%
Get a low variable rate from a ANZ and save money with $0 application or ongoing fees. Requires a 20% deposit.

Compare up to 4 providers

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2 Responses

  1. Default Gravatar
    DAMIENJune 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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