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Feb 06 2010

Average Mortgages in Australia


Average Existing Mortgages in Australia

The following figures show the average existing Australian Home Mortgage in April 2009, against the average Male Full time wage for each State.

  • NT $275,700 equal to 4.12 times Male income of $66,877
  • NSW $283,300 equal to 4.09 times Male income of $69,253
  • QLD $270,800 equal to 4.07 times Male income of $66,518
  • VIC $249,000 equal to 3.72 times Male income of $66,970
  • WA $282,800 equal to 3.48 times Male income of $81,276
  • SA $214,800 equal to 3.40 times Male income of $63,096
  • ACT $261,900 equal to 3.35 times Male income of $78,124
  • TAS $191,700 equal to 3.20 times the above Male income of $59,872

The average wages are based on ABS figures for each Australian State for February 2009.

Average New Mortgages in Australia

The following figures show the average New Australian Home Mortgage in April 2009, against the average Male Full time wage for each State.

  • NSW $377,612 equal to 5.45 times Male income of $69,253
  • QLD $336,166 equal to 5.05 times Male income of $66,518
  • WA $387,187 equal to 4.76 times Male income of $81,276
  • VIC $304,807 equal to 4.55 times Male income of $66,970
  • SA $283,339 equal to 4.49 times Male income of $63,096
  • NT n/a
  • ACT n/a
  • TAS n/a
  • Australia in total $344,429

The average wages are based on ABS figures for each Australian State for February 2009.

More details and information on this at:

Average Existing Mortgages in United Kingdom

  • to follow

The average mortgage for a property bought by users of Mortgages.co.uk was £126,643 in 2006, going up to £138,313 in 2007, an increase of 9.21%. UK Average Mortgage Value in 2006 – 2007

Average New Mortgages in United Kingdom

  • to follow

In 2007 the average mortgage amount for new borrowers was £130,000, a rise from £75,000 borrowed by first-time buyers in 2003.
Source






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