Rising Property Prices Push Loan Sizes Through the Roof

Rising Property Prices Push Loan Sizes Through the Roof
A couple walks past a real estate agent's window in Melbourne, Australia, on May 1, 2019. William West/AFP via Getty Images
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Climbing property prices have taken the average owner-occupier mortgage to a record high of almost $636,600 (US$414,000).

The average loan size gained another 1.7 percent nationally in June, as Aug. 2nd’s Australian Bureau of Statistics (ABS) numbers show, buoyed by swelling housing values from mid-sized capitals.