What’s the normal home loan size in Australia?

What’s the normal home loan size in Australia?

In line with the Australian Bureau of Statistics (ABS), the average mortgage size in Australia is $384,700 (November 2018). Based on your location, this could appear to be a whole lot – or extremely that is little that’s as the state or money town your home is in has a significant influence on how big your home loan.

Typical home loan size in Australia by state

Regrettably for Sydney house hunters, the mortgage that is average in NSW is $462,100. Compare that to Victoria’s mortgage that is average of $400,400 and you may note that Sydneysiders indeed spend a premium because of their predictable climate habits and sunny beaches. (more…)

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