Australia's market is auction-driven, transparent and chronically supply-constrained in Sydney and Melbourne. Rates in 2026 run about 6.14–6.34%, and variable-rate loans (usually penalty-free to overpay) dominate.
Foreign buyers need FIRB (Foreign Investment Review Board) approval, are generally limited to new builds, and pay state surcharges — factor both into any investment case.
Market overview
Stamp duty is state-based and significant (4–6% typical), with foreign-buyer surcharges of up to 8% in some states. Buying at auction is unconditional — arrange finance pre-approval and building/pest inspection before bidding. Rental yields average ~4.4% gross with very low vacancy in major metros.
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Mortgage rates in Australia (June 2026)
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True cost of buying & owning
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