What is the average mortgage size in Australia now
The Australian Bureau of Statistics reported that the value of new mortgage lending to owner-occupiers fell 1.2 per cent in March 2016. The value of lending to investors went up slightly in the same period. Overall, the value of new mortgage lending fell 0.2 per cent in March.
The average loan size was $357,500 in March 2016, up from $356,100 in February but below the recent high of $386,300 in November 2016.
Source: Banking Day