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sydney average mortage.

Discussion in 'Property Finance' started by lightbulbmoment, 1st Aug, 2015.

  1. lightbulbmoment

    lightbulbmoment Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    279
    Location:
    nsw
    With the median sydney house price nearly a million.

    Looking to get a idea of the average mortage people are taking to get there piece of the dream for ppor

    Not talking about investors or overseas cash buyers just your normal family people who will take 30 years to pay it off?
     
  2. Till Kingdom Come

    Till Kingdom Come Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    129
    Location:
    Aussie Aussie Aussie Oi Oi Oi
  3. Marty McDonald

    Marty McDonald Mortgage broker Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    228
    Location:
    Sydney North Shore and Norther beaches
    Anywhere from $500k to $900k
     
  4. chindonly

    chindonly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    336
    Location:
    Brisbane
    [​IMG]

    This is average of all though. Expect the new buyers to be well above the average.
     
    gman65 likes this.
  5. Mick C

    Mick C Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    206
    Location:
    Sydney
    Sydney....from our books.

    Average UNIT PPOR is around $450-550k loan...so purchase ~$600,000- $750,000.

    Average House PPOR is around $700,000- $1,100,000 --- so purchase ~ $800,000- $1,300,000
     
    gman65 likes this.