What’s the Average Australian Home Loan?

18 October 2021

Sort Out Your Finances

Wondering what the average size home loan in Australia is at the moment and what the repayments are? Read on to find out!

The table below shows the latest figures from the Australian Bureau of Statistics.

State/TerritoryLoan Amount
New South Wales$664,047
Australian Capital Territory$538,502
Western Australia$431,852
South Australia$408,171
Northern Territory$363,650
National Average$538,837

The next table shows the monthly repayments in each Australian State and Territory, based on a 30 year term at average current interest rates.

State/TerritoryMonthly Repayment Amount
New South Wales$2,767
Australian Capital Territory$2,317
Western Australia$1,858
South Australia$1,756
Northern Territory$1,564
National Average$2,318

How can I work out my home loan repayments?

If you’re looking for a new home or investment property loan that’s higher or lower than the values listed above, you can use our repayment calculator.

How much I can afford to borrow for a home loan?

You can use our borrowing repayment calculator to work out how much you may be able to afford to borrow.

How we can help

If you’re looking to get a home or investment property loan, our experienced and licensed brokers at Wisebuy Investment Group  can help. We can also help you with your application.

We service a diverse range of clients in the popular Newcastle, Lake Macquarie and Maitland areas. Our brokers work with more than 60 lenders in the Australian market.

Contact us today for an obligation-free chat to find out more.