Mortgage Surge

Western Australia recorded the strongest mortgage growth of any state in the December quarter.

Loan aggregator AFG says lodgements are up:

• In Western Australia, by 12.46% over the quarter and 37.49% over the year.
• Queensland is up 4.54% over the quarter and 27.87% over the year.
• Victoria is up 2.66% over the quarter and 24.45% over the year.
• South Australia is up 0.91% over the quarter and 22.47% over the year.
• New South Wales is down by 0.53% over the quarter and up 19.52% over the year.

AFG chief executive officer David Bailey says the figures show that the momentum of the Western Australia market is being sustained.

“Strong demand, constrained supply and population growth are contributing to high levels of activity,” he says.

Loan sizes climbed across all major markets. New South Wales now has the highest average loan size of $811,757, while Western Australia has the lowest at $661,027.

Loan Market Group data shows that first home buyers were a key driver of late-2025 momentum in mortgage activity.