How much is the average mortgage?

An average home loan is close to $400,000, which may sound impressive in some parts of the country.

That’s because, as you might expect, how much people owe on their homes tends to vary wildly depending on where they live in the country and when they bought.

According to the ABS, here’s how the average mortgage breaks down state-by-state:

New South Wales: $445,500
Victoria: $400,200
Queensland: $341,700
South Australia: $311,300
Western Australia: $343,900
Tasmania: $252,100
Northern Territory: $309,400
Australian Capital Territory: $383,000