What the average home costs – and why your loan might not be average
27/05/2025
What does the average property cost and how much does the average buyer borrow?
The answers are $1,002,500 and $665,000, respectively, according to the latest data from the Australian Bureau of Statistics.
But averages disguise the fact that outcomes can vary significantly from consumer to consumer.
For example, you might not realise that the amount of money you can borrow from some lenders may be higher than others, which is why your choice of lender is so important.
Furthermore, the lending criteria, interest rates and loan features available from some lenders may be more generous than those available from others.
Also, while a lot of borrowers put down a 20% deposit, there are ways you can enter the market with a 10% (or even a 2% deposit), depending on your scenario.
As your broker, We’ll happily explain your options to you and compare the market on your behalf, so you can make an informed decision and secure a great loan.
