A look at the average mortgage size in Australia

Have you ever wondered what the average mortgage size in Australia?

Well a recent article by mortgage broker AFG has released some statistics that are eye opening.

This doesn’t really serve as a money saving tip, though I found it rather interesting none the less.

It can also serve as a rough guide for first home buyers or people looking to trade houses, where does your new property sit?

The article stated that the following were the average mortgage amounts in each of the Australian states:

NSW

The average mortgage size in NSW is $397,029

WA

The average mortgage size in WA is $377,170

QLD

The average mortgage size in QLD is $328,050

VIC

The average mortgage size in VIC is $321,012

NT

The average mortgage size in NT is $311,084

SA

The average mortgage size in SA is $284,746

Average mortgage size

The total average was $347, 505

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