Average home loan size in Australia
The average new home loan has climbed sharply as property prices have risen. Here is the latest figure from the Australian Bureau of Statistics, how it varies by state, and what a loan that size costs to repay at today’s lowest variable rate.
Live from the home loans we compare
Updated 19 Oct 2026Comparison rate warning
*Warning: the comparison rate shown is calculated by the lender on its own standard example, usually a $150,000 loan over 25 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The headline numbers
The Australian Bureau of Statistics puts the average new loan for a home to live in at $731,000 in the June quarter 2026, up about $53,000 (+7.8%) on the same quarter a year earlier. The figure covers loans to buy new and existing homes as well as to build, and excludes refinancing.
Where you buy matters as much as when. New South Wales records the largest average loan at $842,000, while Tasmania sits lowest at $516,000. Those gaps track local property prices rather than how much any one lender will advance.
A bigger loan means every fraction of a percent on your rate matters more. The live estimate above applies today’s lowest advertised variable rate to the national average loan over 30 years, so you can see how the headline number translates into a monthly repayment.
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Terms on this page
- Loan to Value Ratio (LVR)
- The size of your loan as a percentage of the property value. Borrow $640,000 against an $800,000 home and your LVR is 80%. A lower LVR usually means a lower interest rate and no Lenders Mortgage Insurance.
- Owner-occupier loan
- A home loan for a property you live in. These usually carry lower rates than investment loans because lenders treat them as lower risk.
- Principal and interest
- A repayment type where each payment covers both the interest and a slice of the amount you borrowed, so the balance steadily falls and the loan is repaid by the end of its term.
- Equity
- The share of your property you own outright: its current value minus what you still owe. Rising values and steady repayments both build equity, which you can sometimes borrow against.
- Stamp duty
- A state or territory tax on property purchases, calculated on the price and payable at settlement. First home buyers often qualify for a concession or exemption.
Frequently asked questions
What is the average home loan size in Australia?
According to the Australian Bureau of Statistics, the average new loan for a home to live in was $731,000 in the June quarter 2026, up about $53,000 (+7.8%) on the same quarter a year earlier. It ranges from $842,000 in New South Wales to $516,000 in Tasmania.
How much does the average home loan cost to repay?
It depends on the rate and term. The live estimate on this page applies the lowest advertised variable rate from the loans we compare to the national average loan over a 30-year term, on a principal and interest basis.
The Same Market, Measured Daily
The figures above are the headline ones, published when their source publishes them. These are the daily readings, taken across every product in the feed.
- Market averages Home Loan Market Averages Today's average home loan rate, by segment, and how it has moved since the last reading. Taken from every product in the feed, not a survey.
- Statistics Average Home Loan Interest Rate in Australia The average home loan interest rate moves with the Reserve Bank cash rate and with competition between lenders. The figures below combine live rates from the loans we compare with the official RBA benchmarks.
- Statistics Average House Deposit and LVR in Australia Your deposit sets your Loan to Value Ratio, which shapes both your interest rate and whether you pay Lenders Mortgage Insurance. Here is what Australians actually put down, and how far a smaller deposit can stretch.
- Rate Tracker Every Market, One Page The daily average across home loans, savings, term deposits, credit cards and personal and car loans, measured against the RBA cash rate.
This page is general information only and does not take your personal circumstances into account. It is not credit or financial product advice and CompareThat is not a credit provider or bank. Live figures are drawn from the products we compare; authored figures cite their source and date.