Buying a home in Australia: mortgage rates and costs
What a mortgage typically costs in Australia right now, how the central bank rate compares, and a worked monthly payment example you can adjust in our calculators.
Typical mortgage rate
5.5% – 6.3%
Owner-occupier variable rate, principal & interest. 30-year fixed mortgages are uncommon.
As of 2025-11-28. Source
Example monthly payment in Australia
| Purchase price | A$700,000 |
|---|---|
| Deposit (20%) | A$140,000 |
| Loan amount | A$560,000 |
| Interest rate | 5.9% · 30-year term |
| Estimated monthly payment | A$3,322 |
Illustration only, using the midpoint of the typical rate range. It excludes taxes, insurance and fees. Adjust the figures in the mortgage calculator.