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Average Home Loan Comparison

 

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Courtesy of our  National Research Manager, Dr Diaswati (Asti) Mardiasmo,  we have some stats for  #‎DataTuesday‬: we look at the average home loan comparison in the attached table which shows the average home loan in Australia has increased by 11.1% over the past 12 months to December 2015, whereas the average first home buyer loan has increased by 9.2%.

An increase in the average home loan is a reflection of mainly property prices (taking into account changes in the interest rate and bank policies) and also signifies how much debt needs to be served by a person/household.