fixed-rate-expiry-tsunami-graphic-methodology-assumptions
See more InfoChoice.com.au in Google

Do you like & trust our expert, human-written content?

Simply click this button to tell Google you want to see more of us in your Google Search Results, AI Overviews and AI Mode answers.

  • Expiry schedules were sourced from each of the big four banks' half-year or full-year results (specifically their investor presentations - CBA, WBC, NAB, ANZ).
  • To gain a representation of the total market's fixed rate expiry schedule, the big four banks were assumed to represent 75% of the home loan market (as per APRA's banking data).
  • For simplicity's sake, all H1/H2 reporting was assumed to represent the calendar year (i.e. 6 months to June/December). In reality, both NAB and ANZ's reports use 6 months to March/Sept.
  • The estimated number of home loans expiring in the half was derived by taking the value for the half and dividing it by the average expiring fixed-rate home loan value of $397.7k. This was then divided by six to get the average monthly number of fixed-rate home loans expiring
  • The 'average' expiring fixed-rate home loan size of $397.7k is based on the RBA's estimate that 880,000 fixed-rate home loans totalling $350 billion will expire in 2023.

Is your fixed rate ending? Compare refinance home loans.

See more InfoChoice.com.au in Google

Do you like & trust our expert, human-written content?

Simply click this button to tell Google you want to see more of us in your Google Search Results, AI Overviews and AI Mode answers.

Harrison Astbury
Harrison Astbury
Editor and Financial Analyst

Harrison is a Research Analyst and Editor at InfoChoice. He is also the Assistant Editor at sister comparison site Savings.com.au. Together with Dominic Beattie, he co-hosts the Savings Tip Jar podcast, interviewing guests from some of the most prominent financial institutions in Australia.

Prior to joining the InfoChoice Group in January 2020, he worked for some of Australia's largest comparison sites and media organisations. With a keen interest in the economy, housing policy, and personal finance, Harrison strives to deliver and edit news and guides that are engaging, thought-provoking, and simple to read.

EmailLinkedIn