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  • State & Territory Breakdowns

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    This document shows average home loan sizes and monthly mortgage repayments in each Australian state and territory. It estimates the savings families in each jurisdiction would see from a 25 basis point cut to interest rates. The largest estimated monthly savings are $52 in NSW and $48 in VIC. Over a year, a NSW family would save $629 and over the life of the Labor government since 2007, $5,374.

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    This document shows average home loan sizes and monthly mortgage repayments in each Australian state and territory. It estimates the savings families in each jurisdiction would see from a 25 basis point cut to interest rates. The largest estimated monthly savings are $52 in NSW and $48 in VIC. Over a year, a NSW family would save $629 and over the life of the Labor government since 2007, $5,374.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3K views1 page

    State & Territory Breakdowns

    Uploaded by

    peter_martin9335
    This document shows average home loan sizes and monthly mortgage repayments in each Australian state and territory. It estimates the savings families in each jurisdiction would see from a 25 basis point cut to interest rates. The largest estimated monthly savings are $52 in NSW and $48 in VIC. Over a year, a NSW family would save $629 and over the life of the Labor government since 2007, $5,374.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Family savings in mortgage repayments based on State & Territory average loan sizes

    State/Territory

    NSW

    VIC

    QLD

    SA

    WA

    TAS

    NT

    ACT

    Australia

    Median house price

    637,646

    542,968

    429,339

    432,299

    524,055

    327,340

    614,063

    566,095

    536,011

    Average mortgage size

    320,500

    290,700

    279,300

    228,400

    265,300

    188,700

    279,200

    273,500

    288,300

    Current monthly mortgage repayments

    2,428

    2,202

    2,116

    1,730

    2,010

    1,430

    2,115

    2,072

    2,184

    New monthly mortgage repayments

    2,376

    2,155

    2,070

    1,693

    1,967

    1,399

    2,070

    2,027

    2,137

    Monthly

    52

    48

    46

    37

    43

    31

    46

    45

    47

    Yearly

    629

    571

    548

    448

    521

    370

    548

    537

    566

    220

    200

    192

    157

    182

    130

    192

    188

    198

    2,641

    2,396

    2,302

    1,882

    2,187

    1,555

    2,301

    2,254

    2,376

    448

    406

    390

    319

    371

    264

    390

    382

    403

    5,374

    4,875

    4,683

    3,830

    4,449

    3,164

    4,682

    4,586

    4,834

    Savings from 25bp rate cut ($)

    Cumulative savings since Labor Govt (Nov 2007) ($)


    Monthly
    Yearly
    Cumulative savings since pre-GFC (Aug 2008) ($)
    Monthly
    Yearly

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