According to The Australian Financial Review, the average new owner-occupier home loan is at $626,055 nationally, hitting a record high nationally, as the growth housing markets of Perth, Brisbane and Adelaide surge higher, according the latest official lending figures.
Owner occupier loans sizes are all-time highs in Queensland ($586,627), South Australia ($541,775) and Western Australia ($538,860), according Australian Bureau of Statistics data on finance commitments for May. The largest average new owner-occupier mortgage remains in NSW at $767,584, which is nevertheless below the peak in that state of $803,235, set in January 2022. In Victoria, where Melbourne’s housing market is weak, the average new loan size fell to $601,891 and is well below the peak of $651,364 two years ago. https://www.afr.com/property/residential/home-loan-size-hits-record-626-055-as-perth-brisbane-power-up-20240708-p5jrw8
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