Brighter Buying

Who boasts the biggest mortgage in Australia?

by Karleen Jentz, Copywriter 18 August 2017

You sign a contract, you get the keys, you move in, then what? Pretty soon the banks remind you they own part of your property and the mortgage payments begin.

Over time, your mortgage feels a bit like an uninvited house guest. You get used to them being around, but you’ll be happier when they leave.

Across Australia we have 1 trillion dollars in mortgage debt between us, according to Roy Morgan Research published on This means a median $228,800 mortgage for every owner occupier mortgage holder.

But which city has the highest mortgage debt? Sydney of course with a median $293,000 outstanding mortgage balance, up 9.4 per cent in a year.

Perth is next with $279,000, up 2.4 per cent.

Then Melbourne follows with $234,000, up 1.6 per cent.

Brisbane is next in line at $229,000, down 1.1 per cent in a year.

Hobart has $207,000 in median mortgage debt, but this has increased a hefty 5.2 per cent in a year.

The wooden spoon goes to Adelaide with $195,000 up 0.6 per cent.

Let’s face it – this is not a competition any city wants to win, so we take our hats off to Adelaide for finding some glimmer of good news amongst its fairly beige property market.

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