SYNKO #2
This update to SYNKO includes the latest home loan interest rates
The latest home loan interest rate data from the Reserve Bank (RBA) provides an update of average rates across all institutions up to May 2025.
With a cash rate reduction over the month, the average new variable rate for owner occupiers fell from 5.99% to 5.83% a 16 basis point fall. Fixed rates for 3 years or less fell 16 basis points to 5.53%, fixed rates for more than 3 years rose 4 basis points to 6.34%, interest-only fell 13 basis points to 6.57% and principal and interest fell 17 basis points to 5.76%.
Average new home loan rates to investors were 18 basis points lower over the month reaching 6.03%. Fixed rates for 3 years or less fell 23 basis points to 5.74%, fixed rates for more than 3 years rose 22 basis points to 7%, interest-only fell 27 basis points to 6.04% and principal and interest fell 27 basis points to 5.86%.
Here’s a link to the latest data.
