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Where are the Biggest Mortgages in Australia?

Source: Roy Morgan Consumer Single Source, 6 months to April 2017. Base: Has an owner occupied dwelling with mortgage.
New research from Roy Morgan Research has identified Sydney as having the highest outstanding mortgages – followed closely by Perth. Overall Australians have 1 trillion dollars in mortgage debt- this equates to a median outstanding mortgage of $228,800 for every owner occupier mortgage holder. 

State by State breakdown of the biggest mortgages in Australia 

The median home loan outstanding balance is highest in Sydney with $293K (up 9.4% in a year), followed by Perth with $279K (up 2.4%), Melbourne with $243K (up 1.6%), Brisbane $229K (down 1.1%), Hobart $207K (up 5.2%) and Adelaide $195K (up 0.6%). 

Country areas in all states have lower average outstanding amounts than their capitals, it is highest in QLD Country ($224K), followed by WA Country ($202K), NSW Country ($180k), VIC Country ($149K), SA Country ($123K) and TAS Country ($120K).

Median Amount Outstanding on Mortgages

Source: Roy Morgan Consumer Single Source, 6 months to April 2017.  Base: Has an owner occupied dwelling with mortgage.

Norman Morris, Industry Communications Director, Roy Morgan Research says:  

"It’s not surprising that the median home loan outstanding in Sydney is the highest in Australia and it also has the highest growth rate over the last 12 months. 

Sydney incomes are higher than the rest of Australia and continue to increase.”

For comments or more information please contact:
Suela Qemal, General Manager - Financial Services & Consulting
Office: +61 (3) 9629 6888

About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size

Percentage Estimate


25% or 75%

10% or 90%

5% or 95%