What Is the Average Home Loan in NSW and Sydney?
The average new owner-occupier loan in NSW was $842,000 in the June quarter 2026, the highest of any state. ABS figures, repayments and what drives them.
Charles Touma
4 min read
The average new owner-occupier home loan in NSW was $842,000 in the June quarter 2026, according to the Australian Bureau of Statistics, the highest of any state and well above the national average of $731,000. At the 6% example rate over 30 years, an $842,000 loan costs about $5,048 a month.
| Loan type | NSW | Australia |
|---|---|---|
| Owner-occupier | $842,000 | $731,000 |
| Investor | $851,000 | $708,000 |
How has the average NSW loan changed recently?
| Quarter | NSW | Australia |
|---|---|---|
| December 2025 | $873,000 | $737,000 |
| March 2026 | $861,000 | $735,000 |
| June 2026 | $842,000 | $731,000 |
The NSW average eased over the three quarters but remained the largest in the country. Averages move with the mix of buyers in each quarter as well as with prices, so a fall in the average does not on its own mean prices fell.
What do first home buyers borrow?
The ABS publishes first home buyer numbers nationally each quarter. In the June quarter 2026 there were 29,319 new owner-occupier first home buyer loans across Australia, worth $18.4 billion, seasonally adjusted. That works out to about $628,000 per loan, our calculation from the ABS figures. A NSW first home buyer average is not in the headline release.
What are the repayments on an average loan?
| Loan | Monthly repayment, about |
|---|---|
| $628,000, national first home buyer average | $3,765 |
| $731,000, national owner-occupier average | $4,383 |
| $842,000, NSW owner-occupier average | $5,048 |
The repayments calculator works out your own figure, and the pages on repayments on $750,000 and repayments on $1 million show rates and terms side by side.
What income does an average NSW loan need?
Lenders test repayments at your rate plus a 3 percentage point buffer, so an $842,000 loan is assessed at about $6,775 a month at 9%, not the $5,048 you would actually pay at 6%. The income needed depends on your living costs and debts. The guide to the serviceability buffer explains the test, and the income needed for an $800,000 home loan page gives worked figures.
How does NSW compare with other states?
| State or territory | Average loan |
|---|---|
| New South Wales | $842,000 |
| Queensland | $751,000 |
| Western Australia | $720,000 |
| South Australia | $672,000 |
| Australian Capital Territory | $666,000 |
| Victoria | $664,000 |
| Northern Territory | $545,000 |
| Tasmania | $516,000 |
| Australia | $731,000 |
Is the average a good guide to what you can borrow?
Not really. The average is shaped by the buyers who borrowed that quarter, many of them upgraders with equity from a previous home. What you can borrow depends on your income, living costs, debts and deposit, tested at the lender’s assessment rate. The borrowing power calculator gives a figure for your own situation in a minute.
What does the average include?
- New loan commitments only. It is the average of loans written in the quarter, not of all existing mortgages.
- Purchases and construction. It covers buying new or existing homes and building, and excludes refinancing.
- Original figures. The state averages are not seasonally adjusted, so quarters can jump around.
Why is the NSW average so high?
Mainly because property prices in Sydney are higher than in other capitals, so buyers borrow more for a similar home. Loan size also depends on deposits, which tend to be larger where buyers have more equity from a previous home. The average says little about any one buyer; your borrowing power depends on your own income, debts and deposit.
How often are these figures updated?
Every quarter. The June quarter 2026 figures were released on 14 August 2026, and the September quarter figures are due on 11 November 2026. This article will be updated with each release.
Questions people ask
What is the average home loan in Sydney?
The ABS reports averages by state, not city. The average new owner-occupier loan in NSW was $842,000 in the June quarter 2026, and Sydney accounts for most NSW lending.
What is the average mortgage repayment in NSW?
On the $842,000 average loan, about $5,048 a month at a 6% example rate over 30 years.
What is the average first home buyer loan in Australia?
About $628,000 in the June quarter 2026, calculated from the ABS figures of 29,319 loans worth $18.4 billion.
Charles Touma shows you what you can borrow against these averages, using your own income, deposit and the lenders that fit. A free 30-minute call covers your numbers. General information only, not credit advice. Sources: Australian Bureau of Statistics, Lending Indicators, June quarter 2026 (released 14 August 2026), checked 17 October 2026. Repayments use the 6% example rate over 30 years.
General information only, not credit, legal or tax advice. Your situation is assessed properly before any recommendation. Government scheme details change; figures are current at the time of writing.
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