Mortgage credit interest rate, percent
| Latest value
||Reserve Bank of Australia
For that indicator, we provide data for Australia from January 2000 to July 2022. The average value for Australia during that period was 6.07 percent with a minimum of 3.64 percent in August 2021 and a maximum of 9.32 percent in July 2008.
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Longer historical series
* indicates monthly or quarterly data series
Source: Reserve Bank of Australia
Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.