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

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  1. #32
    Registered User

    Aug 2006
    On the other side of this screen!!!
    11,129

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

    Average monthly mortgage repayment in our postcode is $2500/month. There are quite a lot of retired people who don't pay mortgages. I guess the GG and PM don't pay mortgages either or the embassies... Do they include Ambassadors etc in the census?
    No.

    There might be a problem with using monthly mortgage payments as a measure for comparison because one loan may be structured over a ten year period & another may be structured over 25 or even 35 years, obviously that would change the repayment amounts significantly.
    Last edited by AnyDream; April 1st, 2013 at 09:50 PM.