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.
|New South Wales||$664,047|
|Australian Capital Territory||$538,502|
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/Territory||Monthly Repayment Amount|
|New South Wales||$2,767|
|Australian Capital Territory||$2,317|
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
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.