Average Mortgage Australia: Home Loan Statistics 2026

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The average new home loan in Australia is $734,881 for owner occupier homes, including loans for purchases of established properties and construction loans.

The average home loan dropped by around 1% since the last quarter but is up around 11% over the past year, which works out as roughly an extra $75,000 for an average borrower.

As you might expect, the average new home loan size is largest in New South Wales and lowest in the Northern Territory and Tasmania, mirroring the median values of properties across the country.

The average home loan has grown most in Western Australia in that last year – rising by around 18%, or an extra $109,000.

Looking at the breakdown of loan sizes in more detail, we can see that first home buyers overtook owner occupier refinancers in the last quarter for the first time since mid 2023.

The average first home buyer loan grew by about 1% in the last quarter, or 13% in the past year, versus 10.5% for loans overall. This is likely due to increased uptake of the expanded First Home Guarantee scheme, which allows first home buyers to more easily get a home loan with a deposit of as little as 5%, meaning more capacity for larger loans.

Meanwhile, average loans sizes for investors are still considerably higher than those for owner occupiers, despite a drop in investor loan sizes in the March 2026 quarter.

Across the board, the average loan size in Australia has grown significantly over time.

This steady increase in loan size has been despite volatile interest rates in the last couple of years, with rates rising again in the early part of 2026.

CoreLogic Australia’s Head of Research, Eliza Owen, explained to Money.com.au that this is down to stubbornly-high property prices.

“One of the extraordinary phenomena of the current cycle is that despite higher interest rates, we've also seen property values not only recover from a short, sharp decline where the market bottomed out in the beginning of 2023, but values have actually managed to climb back to new record highs.”

The average monthly home loan repayment in Australia is $4,359, an increase of $180 since the last quarter of data. Increasing loan sizes have been been the big driver of recent quarter-to-quarter repayment increases, but higher rates are now the main factor.

Mirroring average loan sizes, the repayment amount varies significantly across states and territories. Unsurprisingly, borrowers in New South Wales pay most on average – $5,103. By contrast, the average repayments in Tasmania is significantly lower at around $3,090.

Home lending in Australia is heavily concentrated around the 'big four' banks. In fact, the combined value of home loans with the major banks is almost three times that of all other banks in Australia combined.

For borrowers who refinance their home loan, around 60% do so with a different lender (internal refinancing continues to grow). And more than 75% of all new home loans are taken out with the help of a mortgage broker, according to the Mortgage & Finance Association of Australia.

According to Dr Nalini Prasad, the rise in home lending levels comes despite the challenging circumstances many Australians are facing.

“Households have spent the large savings buffers that they accumulated during the COVID-19 pandemic. These buffers initially insulated household spending from the increase in interest rates, but with these savings buffers gone, interest rate increases are going to have more bite.”

She says it's likely that the housing market is being supported by high overseas migration into Australia, as well as certain types of buyers with money to spend.

The recent surge in property lending levels has been felt most sharply in New South Wales, Victoria, and Queensland. All states and territories, bar Victoria and the ACT, saw record lending in the last quarter.