State by State Mortgage Rundown

Mortgage repayment levels in every state of Australia are above or near the highest it has been in more than 30 years.

New data shows New South Wales owners are paying the most of their wage (31%) on mortgage repayments.

Queensland mortgage holders are close behind, with 28% of the household income going to mortgage repayments.

South Australian and West Australian households pay nearly 26% and Victorians pay just over 22%.

According to the analysis as of mid-2026, most jurisdictions are sitting at or near their historic peaks as a result of four interest rate rises this year.

NSW has been the most expensive for some time, but it is Western Australia which has chalked up the largest growth in the mortgage burden relative to earnings in recent years.

According to the latest Australian Bureau of Statistics lending data, the average loan size for a mortgage in Australia is now $731,000. NSW is the highest at $842,000 and Tasmania is the lowest at $516,000.