Australian variable mortgage rate

6.20% in August 2026, unchanged from 6.20% in July 2026.

Monthly · % · 5.50% a year earlier · Updated 5 hrs ago

Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more: 2.90% Jan 20226.40% Nov 2023
Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more: unchangedfrom 6.20%
Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more: +0.70 ptsfrom 5.50%
Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more: 4.80%since 2019
Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more: 72ndpercentile: higher than 72% of readings since 2019

HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more

%, monthly

2.03.04.05.06.07.0July 2019Feb 2023Aug 2026

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The latest 24 readings in this range.

The average interest rate on outstanding variable-rate owner-occupier home loans, from lenders' reports to the RBA. The series starts in 2019.

What most Australian borrowers actually pay, and so how much cash-rate changes bite household budgets.