Real estate is a national obsession in Australia, and the numbers reflect that. As of the March quarter of 2025, there are approximately 11.3 million residential dwellings in the country. Of these, around 3.3 million owner-occupied homes have a mortgage, while a significant number of households own their homes outright without a loan. This doesn't include investment loans.

Mozo tracks over 400 home loan products in our database. Below, we showcase key analytics, including an historical overview of the Australian market; a breakdown of fixed and variable home loan interest rates; average mortgage sizes; and the split between borrower types.

6.15% p.a.

Average variable home loan rate for owner occupiers – August 2025.

5.62% p.a.

Average fixed 1 year home loan rate for owner occupiers in the Mozo database - August 2025.

5.42% p.a.

Average fixed 3 year home loan rate for owner occupiers in the Mozo database - August 2025.

5.78% p.a.

Average fixed 5 year home loan rate for owner occupiers in the Mozo database - August 2025.

$678,000

Average new owner occupier lending amount - June Quarter 2025.

$54.7 billion

Owner occupied total new lending (excluding refinancing) - June Quarter 2025.

Home buying by the numbers

Australian homes are among the most expensive in the world, with households facing high costs of living and substantially higher interest rates than during the pandemic. As property prices continue to rise, it remains a difficult market for aspiring first-time buyers.

To help, the Federal Government continues to offer support through its Home Guarantee Scheme, while State Governments provide various stamp duty concessions. You can begin your research by using Mozo’s expert statistics or by comparing the best mortgage rates in Australia.

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Note: information above accurate as at latest published date.