Australian home loan statistics 2022

Aussies love real estate. There are currently around 10.3 million properties in Australia and of these 6 million have mortgages against them. Mozo tracks over 500 home loan products in our database and here we showcase key home loan analytics, including a historical overview of the home loan market in Australia, a breakdown between fixed and variable home loan interest rates, lending amounts and the split between borrower types.

Variable Rate Home Loans

Variable Rate Home Loans


Average variable home loan rate for owner occupiers - August 2022


Initial monthly repayment on average rate on a $400,000 over 25 years - August 2022


Fixed Rate Home Loans

Fixed Rate Home Loans


Average 2 year fixed rate for owner occupiers - August 2022


Home Loan Volumes

Home Loan Volumes


Average new owner occupier lending amount (excluding refinancing) - June 2022


$21 billion

Owner occupied total new lending (excluding refinancing) - June 2022


Top Variable Home Loan Rates

Top Variable Home Loan Rates - August 2022

Bank of us Logo

Bank of us - FlexiDiscount Home Loan (Owner Occupier, Principal & Interest, LVR<80%)

2.79% p.a. (2.82% p.a. comparison rate*) variable rate

Credit Union SA Logo

Credit Union SA - Variable Rate Package Home Loan Special Offer (Owner Occupier, Principal & Interest, LVR<80%)

2.84% p.a. (3.27% p.a. comparison rate*) variable rate

P&N Bank Logo

P&N Bank - & Basic Home Loan (Owner Occupier, LVR 60%-80%)

2.84% p.a. (2.84% p.a. comparison rate*) variable rate

Southern Cross Credit Union Logo

Southern Cross Credit Union - Basic Home Loan Special Offer (Owner Occupier, LVR <80%)

2.98% p.a. (3.03% p.a. comparison rate*) variable rate

Australian Mutual Bank Logo

Australian Mutual Bank - Basic Variable Rate Home Loan (Owner Occupier)

3.04% p.a. (3.10% p.a. comparison rate*) variable rate

Leading owner occupied, principal & interest home loans at 80% LVR, $400,000 loan amount in the database. Accurate as at latest page published date.


Home buying by the numbers

Our homes are among some of the most expensive in the world, and right now Australians are faced with tough economic conditions following the summer bushfires and the COVID-19 pandemic. And yet, home loan interest rates are at historical low levels. To further help Aussies get into the property market, the Morrison Government has introduced new stimulus schemes like HomeBuilder and has extended existing programs such as the first home buyer deposit scheme. Start your research by using Mozo’s expert statistics as your guide or consider comparing the best mortgage rates in Australia. 


Looking for more data insights from the Mozo database? 

Subscribe to our monthly banking data roundup or contact us for bespoke data requests, competitor intelligence tools and more. 


*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Information accurate as at latest published date.