Borrowing Amounts Soar

How much do you need to borrow to buy a typical Australian home these days?

Well, borrowing amounts have increased dramatically over the past year, with most averages up almost $100,000!

In fact, latest figures from the ABS show the national average loan size for owner-occupier dwellings is at an all-time high of $596,000.

So, what does it look like in all states and territories?

Here’s a quick state-by-state breakdown as of November 2021, compared to November 2020.


NSW: $769,000  $125,000 (from November 2020)

Victoria: $619,000 $120,000

Queensland: $514,000 $74,000

South Australia: $422,000 $38,000

Western Australia: $440,000 $3,000

Tasmania: $446,000 $73,000

Northern Territory: $433,000 $53,000

ACT: $586,000 $59,000


With wage averages not growing anywhere near as fast, it’s more important than ever to have a finance professional, like QPF, in your corner.

We can help you explore all borrowing options available in today’s market as well as secure the funds needed for your next home.

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