How Australian Mortgage Rates Compare Globally

Home/Home Loans/How Australian Mortgage Rates Compare Globally

Have you ever wondered how Australian Mortgage rates compare with other countries? If you want to buy a home, is it cheaper in Australia? Well, if these questions are ringing in your mind, after reading this article you’ll have a clear picture of how the Australian mortgage rates stack up to other countries, specifically Western ones. First, let’s consider the cost of buying a home in Australia.

To accurately capture the house prices, let’s consider some statistics for the capital cities in Australia.

City Median House Price Interest(per 30 years)
Sydney $1,000,000 $676,416
Adelaide $485,000 $328,062
Brisbane $497,000 $336,179
Melbourne $707,000 $ 478,226

The median house prices in four of the major cities in Australia –  Source 1, Source 2

The above shows the median house prices and total interest paid on home loans in the major cities of Australia. Sydney comes off as having the highest house price followed closely by Melbourne.

How do these numbers stack up to other countries? Let’s consider the G8 countries. I converted each respective country’s currency to its corresponding value in Australian dollars. The table below summarizes the median house prices of the G8 countries and the interest paid on a mortgage for a period of 30 years.

Country Median House Rate Interest (per 30 years)
France $374,501 $113,270
Canada $472,834 $ 131,687
Japan $591,321 $37,489
United Kingdom $472,834 193,084
Italy $880,912 $344,981
Russia $333,313 $816,311
United States of America $ 925,529 $408,564
Germany $389,226 $131,822

The median house prices across the G8 countries and the total interest paid over 30 years – Source 1, Source 2

Well, the above figures show that it is much cheaper to own a home overseas as compared to Australia. It is much cheaper to own a home in Russia than it is in all the major cities of Australia and by extension all the G8 countries.Again, the interest paid on home loans is much cheaper in overseas countries in the G8 with Japan being the cheapest.

A closer analysis of some of the countries is given below.


Japan housing market is quite interesting. Houses in this market have flat or falling prices. Another characteristic of these houses is that they appear undervalued. According to the Statistics Bureau of Japan, owning a home in Japan is usually a tall order since the average wage is quite minimal. However, the homes may be cheap but are also small in size. In fact, the average Australian would have cut down on the possessions they have.


Germans prefer to rent houses than to buy one. This is manifested on their home ownership statistics.46% of people own homes even with an interest rate of 2.45%.


Home ownership rates stand at 64%. Even so, property acquisition is largely hinged on your income and ability to pay. Standard procedure is that you cannot purchase a property if the repayment value is more than 33% of your basic income.


According to the figures, Russia, by far, has the highest interest rates in the G8. You would wonder how they manage to pay such exorbitant interest rates. Interestingly, about 86% of Russians own a home. However, out of all of the homeowners, few of them purchased the home using a loan. People have more incentive to meet the cost of the buying price than to have to expend so much in interest. As per the median house price, the homes of Russia are much cheaper than Australia.


Well, our analysis has shown that it is indeed cheaper to purchase a home outside Australia. But all in all, Australia is my home. You can compare home loans here in Australia that are closely reflecting your needs and preferences. No need to shop outside.




  1. Wilburn March 24, 2021 at 10:44 pm - Reply

    Hi there! I could have sworn I’ve been to this web site before but after browsing through many of
    the articles I realized it’s new to me. Regardless,
    I’m certainly pleased I discovered it and I’ll be book-marking
    it and checking back regularly!

  2. asmr April 10, 2021 at 6:21 pm - Reply

    Greetings! Very helpful advice in this particular article!
    It is the little changes that will make the greatest changes.
    Thanks a lot for sharing! asmr 0mniartist

  3. asmr April 11, 2021 at 1:18 pm - Reply

    Hi! This post could not be written any better! Reading this post reminds me of my old room mate!
    He always kept chatting about this. I will forward
    this post to him. Fairly certain he will have
    a good read. Thanks for sharing! asmr 0mniartist

  4. 0mniartist April 12, 2021 at 6:40 am - Reply

    When I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I get four emails with the exact same comment.
    There has to be a way you are able to remove me from
    that service? Appreciate it! asmr 0mniartist

  5. April 15, 2021 at 5:27 am - Reply

    Keep on working, great job! 0mniartist asmr

  6. April 16, 2021 at 8:08 am - Reply

    I have read so many articles concerning the blogger lovers however this article is
    actually a nice article, keep it up. 0mniartist asmr

  7. your gamefly April 28, 2021 at 10:05 am - Reply

    Pretty nice post. I just stumbled upon your weblog and wished to say that I have really
    enjoyed surfing around your weblog posts. In any case I
    will be subscribing in your rss feed and I hope
    you write again very soon!

  8. asmr that April 29, 2021 at 7:38 am - Reply

    Thank you for sharing your info. I truly appreciate your efforts and I will
    be waiting for your further write ups thanks once again.

  9. there asmr April 29, 2021 at 4:39 pm - Reply

    Hello there! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly?
    My blog looks weird when browsing from my iphone 4.
    I’m trying to find a theme or plugin that might be able to
    fix this problem. If you have any suggestions, please share.

  10. asmr with April 30, 2021 at 2:12 am - Reply

    This is really interesting, You’re a very skilled blogger.
    I have joined your feed and look forward to seeking more of your
    fantastic post. Also, I have shared your web site in my social networks!

  11. was gamefly May 4, 2021 at 1:27 pm - Reply

    hello!,I like your writing very a lot! percentage we be
    in contact extra about your post on AOL? I need an expert in this area
    to resolve my problem. Maybe that’s you! Taking
    a look ahead to peer you.

  12. there asmr May 4, 2021 at 5:53 pm - Reply

    I love your blog.. very nice colors & theme.
    Did you make this website yourself or did you hire someone to do it for you?
    Plz reply as I’m looking to create my own blog
    and would like to find out where u got this from.
    thank you

  13. May 7, 2021 at 6:58 pm - Reply

    Fantastic beat ! I would like to apprentice even as you amend your site, how can i subscribe for
    a weblog web site? The account helped me a appropriate deal.

    I were a little bit acquainted of this your broadcast offered shiny transparent idea

  14. asmr there May 8, 2021 at 1:42 pm - Reply

    I am sure this piece of writing has touched all the internet users, its really
    really fastidious piece of writing on building up new web

  15. of asmr May 9, 2021 at 5:05 pm - Reply

    I’ve learn some just right stuff here. Certainly price bookmarking for
    revisiting. I wonder how so much attempt you place
    to make the sort of great informative website.

  16. May 15, 2021 at 7:31 pm - Reply

    Hey there! I just would like to offer you a huge thumbs up for your excellent information you’ve got right here
    on this post. I will be returning to your web site for more soon. scoliosis

  17. May 16, 2021 at 8:53 pm - Reply

    You’ve made some decent points there. I looked on the net to find out more about the
    issue and found most individuals will go along with your views
    on this website. scoliosis

  18. May 19, 2021 at 9:55 pm - Reply

    Hey There. I found your blog using msn. This is an extremely well
    written article. I’ll be sure to bookmark it and
    come back to read more of your useful info.

    Thanks for the post. I’ll certainly return. scoliosis

  19. May 20, 2021 at 7:09 am - Reply

    dating sites
    Your mode of telling the whole thing in this piece of writing is actually good, every one be capable of easily be aware of it,
    Thanks a lot. dating sites

  20. dating sites
    For hottest news you have to pay a quick visit the web and on the web I found this website as a
    best web page for hottest updates. dating sites

  21. asmr and May 21, 2021 at 6:56 pm - Reply

    Thanks for your marvelous posting! I actually enjoyed reading it, you could be a great author.
    I will ensure that I bookmark your blog and definitely will come back later in life.

    I want to encourage that you continue your
    great work, have a nice morning!

  22. are free dating sites May 26, 2021 at 12:23 pm - Reply

    I always spent my half an hour to read this weblog’s articles daily along with a cup of coffee.

  23. free dating sites is May 26, 2021 at 4:44 pm - Reply

    Hi there, I log on to your blogs on a regular basis. Your story-telling style is awesome, keep it up!

  24. dating sites a May 30, 2021 at 3:43 am - Reply

    Fastidious replies in return of this question with firm arguments and telling all concerning that.

  25. what scoliosis May 30, 2021 at 9:53 pm - Reply

    Hello there! This is kind of off topic but I need some
    advice from an established blog. Is it hard to set up your own blog?
    I’m not very techincal but I can figure things out pretty quick.
    I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or
    suggestions? Appreciate it

  26. surgery scoliosis what May 31, 2021 at 8:15 am - Reply

    This is the perfect blog for anybody who hopes to understand this topic.
    You understand a whole lot its almost hard to
    argue with you (not that I really will need to…HaHa). You
    certainly put a new spin on a topic that has been discussed for years.
    Wonderful stuff, just wonderful!

  27. is dating sites May 31, 2021 at 10:29 pm - Reply

    Wonderful items from you, man. I’ve keep in mind your stuff previous
    to and you are just too excellent. I really like what
    you’ve obtained right here, really like what you’re stating and the
    way during which you assert it. You are making it entertaining and you still care for to
    stay it smart. I can not wait to learn much more from you.
    This is actually a terrific website.

  28. indesia June 1, 2021 at 3:25 am - Reply
  29. an dating sites June 1, 2021 at 9:02 am - Reply

    Link exchange is nothing else however it is simply placing the other
    person’s blog link on your page at suitable place and other person will also do same for you.

  30. June 1, 2021 at 6:43 pm - Reply

    Hello, just wanted to tell you, I enjoyed this blog post.

    It was inspiring. Keep on posting!

  31. June 2, 2021 at 11:16 am - Reply

    It’s hard to find experienced people for this topic, however, you seem
    like you know what you’re talking about! Thanks

  32. Kindra June 21, 2021 at 1:07 pm - Reply

    Awesome article.

  33. Edna July 13, 2021 at 2:21 am - Reply

    I’m really enjoying the design and layout of your website. It’s a very easy on the eyes
    which makes it much more pleasant for me to come here and visit more often. Did you
    hire out a developer to create your theme? Fantastic work!

  34. LisaVob July 24, 2021 at 2:01 pm - Reply
  35. KiaVob July 28, 2021 at 3:28 pm - Reply
  36. DenVob July 30, 2021 at 9:00 pm - Reply
  37. instagram takipçi satın al July 30, 2021 at 9:59 pm - Reply

    It’s remarkable to go to see this website and reading
    the views of all mates concerning this piece of writing,
    while I am also keen of getting experience.

  38. MaryVob July 31, 2021 at 3:31 am - Reply
  39. DenVob August 2, 2021 at 4:35 pm - Reply
  40. AlanVob August 2, 2021 at 6:35 pm - Reply
  41. AmyVob August 2, 2021 at 7:43 pm - Reply
  42. JudyVob August 3, 2021 at 10:35 pm - Reply
  43. MaryVob August 4, 2021 at 2:46 am - Reply
  44. DenVob August 4, 2021 at 8:55 am - Reply

Leave A Comment