What do you think is an "average" home loan amount these days???

[Jaycee]

I reckon anything between 300 and 400 is average, i am in Adelaide though where house prices are less than melb or syd

[TaRhLi.]

In Melbourne I would think at least $350k depending on what suburb you live, some would be higher than that.

We moved regional to make it affordable for me to be a SAHM as it wouldn't have been possible if we stayed in Melbourne with our mortgage, I would have had to return to work to make ends meet.

We purchased 4yrs ago in a tiny town 30mins from Ballarat and our mortgage was approx. $100k less than our mortgage on our Melbourne property.

[megs]

I think it is all relative to where you are living. I living in a country town, $400,000 would get you a brand new brick home on a large block, if not a couple of acres. In my area probably $250,000 would be considered average.

[Mildez]

I think it is all relative to where you are living. I living in a country town, $400,000 would get you a brand new brick home on a large block, if not a couple of acres. In my area probably $250,000 would be considered average.

This is similar to where we live. My mortgage as an 18year old for a small house (2 bedroom) very large block in a very good area was $48,000. My husbands for a big brick modern home was $200,000. In 10years there has been a huge increase in prices (I was able to sell my 1st home after renovating it for 3times the amount I paid) You can get brand new basic brick homes (home and land package) for $290,000 and for something special around the $450,000 plus.

[Floweryfields]

It's all relative to where you live of course. If you are in the city - one of the bigger ones I'd say the average would be around the $400 000 mark. If you are rural, in my area, the average would be around $200 000 or less.
My mortgage 10 years ago was $70 000 in a rural area.


Like all averages, there are some huge variances to get that average.

[~clover~]

I was going to say around 300 000 Aust wide. I lived in a small town on the East coast & the low end was 220 000 - 300 000, but here in a small South WA town, the priciest house in town is $130 000. There's a cheaper one here for only 60 000 & its not a bad place.