Historical Australian Home Loan Interest Rates

Image: MrShearingEconomics

Image: MrShearingEconomics

Find out how Australian interest rates have fluctuated over time

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 it's 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.

Shirley Liu

Shirley is finder.com.au's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

Was this content helpful to you? No  Yes

Related Posts

Bank of Queensland Fixed Rate Home Loan - 3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier, P&I)

Special offer for new lending of $150k or more & under 80% LVR, this offer has been extended.

Bank Australia Basic Home Loan - Variable (Owner Occupier)

A competitive variable rate that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)

A fixed rate package loan with flexible repayments options. 350K NAB Rewards Points offer available. Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

2 Responses to Historical Australian Home Loan Interest Rates

  1. Default Gravatar
    | June 15, 2017

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

    • Staff
      Jonathan | June 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

Ask a question
feedback