Standard Variable Mortgage Rate — methodology

What this metric measures

The standard variable housing lending rate offered by major banks. This is the benchmark rate used for most existing variable-rate home loans.

Why it matters: The standard variable rate directly determines mortgage repayment costs for millions of Australians and is a key input to housing affordability.

Source & provenance

Publisher

RBA

Update frequency

monthly

Licence

CC BY 4.0

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How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Lower is better

Trend window

60 months

Baseline

Last 10 years

{
  "red_min_pct_of_baseline": 110,
  "amber_max_pct_of_baseline": 110,
  "green_max_pct_of_baseline": 95
}