The average loan is going up, up, up
Overall, the Australian Bureau of Statistics reports that total new housing finance commitments were down two per cent in October 2015.
Australian lenders settled $33.6 billion of mortgages in October – 8.4 per cent more than the same time in 2014.
The average loan size was $382,400, compared with $379,400 the previous month and $336,100 12 months ago.
Source: Banking Day