Welcome to our inaugural illion Mortgage Nation Report.
This groundbreaking analysis reveals for the first time, how Australia’s 10.3 million properties, collectively worth a staggering $6.6 trillion, are funded.
We critically review Australia’s 6 million home loans, worth a collective $2.1 trillion, uncovering an average debt of $456,000 on new loans less than two years old.
We discover that almost half of all Australian properties are funded through home loans, with the balance either bought upfront with cash, or their mortgages having been paid off over time, leaving them debt-free.
We ask what all of this means for lenders and borrowers alike. The findings may surprise you.