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RBA Housing Lending Rates (table F6) · September 2026
In September 2026, owner-occupiers with an existing home loan paid 6.20% on average, while new loans averaged 6.22%, so new customers were paying 2 basis points more than existing borrowers, not less. These are the RBA’s own monthly lending-rate figures. The widest it has been on record is +54bp.
-2bp
owner-occupier gap right now · outstanding vs new
+54bp
peak gap · June 2020
6.20%
average rate, existing owner-occupier loans
6.22%
average rate, new owner-occupier loans
All-loans figures blend fixed and variable rates, so this isn’t a pure variable-rate comparison.
Average rate on the existing (outstanding) loan book vs loans funded that month, for owner-occupiers. The gap has been as wide as +54bp (June 2020).
| Month | Gap | Existing (outstanding) | NewNew customers |
|---|---|---|---|
| September 2026 | -2bp | 6.20% | 6.22% |
| August 2026 | -2bp | 6.21% | 6.23% |
| July 2026 | -3bp | 6.21% | 6.24% |
| June 2026 | -3bp | 6.21% | 6.24% |
| May 2026 | -2bp | 6.20% | 6.22% |
| April 2026 | -1bp | 5.98% | 5.99% |
| March 2026 | +1bp | 5.92% | 5.91% |
| February 2026 | +1bp | 5.73% | 5.72% |
| January 2026 | +1bp | 5.50% | 5.49% |
| December 2025 | +2bp | 5.51% | 5.49% |
| November 2025 | +3bp | 5.51% | 5.48% |
| October 2025 | +2bp | 5.51% | 5.49% |
| September 2025 | +1bp | 5.51% | 5.50% |
Figures are from the Reserve Bank of Australia’s statistical table F6 Housing Lending Rates (September 2026), all-institutions coverage, all-loans rate type (a blend of fixed and variable). This is general information, not financial advice or a personalised refinance recommendation. An individual loan’s rate depends on its own history, lender and negotiation, not just these market averages.
You’re welcome to reference these figures with a link and attribution to the RBA (Source: Reserve Bank of Australia; see the RBA’s copyright terms for its statistical data). Suggested citation: “Australian mortgage rates, Oz Finance Hub, ozfinancehub.com.au/australian-mortgage-rates”.
The actual break-even on a refinance is worked out by the refinance break-even calculator, or see household debt statistics for the leverage context behind these rates.