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The average mortgage size lodged by AFG brokers continues to rise, but the increase varies across states.
The average mortgage size lodged by brokers at Australian Finance Group (AFG) reached its highest level in more than a decade for the final quarter of the financial year ending June 2025 (FY25).
The group’s latest Mortgage Index, which covers AFG broker activity for 4Q25 (ending 30 June), revealed that the average mortgage size lodged by brokers climbed 6 per cent year on year to $678,333, which AFG said reflected “sustained strength in property prices”.
However, for the June quarter, Queensland and Western Australia were the only two states where the mortgage size rose quarter over quarter.
In Queensland, the average mortgage rose 2.2 per cent to $648,597, while in Western Australia, the average mortgage size increased 2.7 per cent to $594,349.
Lodgement volumes up in every state
According to the Mortgage Index, every state recorded year-on-year growth based on total lodgement volume.
AFG lodgement volumes grew by the highest margin in Western Australia over the year, where they increased by 25 per cent to $3.67 billion.
This also echoes Cotality figures that showed, of the capital cities, Perth has had the largest proportional increase in home values since 2020 (despite the median house value being the third-lowest of the capitals at $855,395).
Meanwhile, loans written by AFG brokers rose 21 per cent to $5.26 billion over the year in Queensland.
This follows new Cotality research, which this week revealed that Brisbane is now the second-most expensive capital city market after Sydney, overtaking Canberra’s median in October last year and Melbourne’s in June this year.
In May, the median house value across Brisbane surpassed $1 million for the first time.
AFG’s brokers lodged $1.71 billion of loans in South Australia, 18 per cent more than the previous year, with Victoria lodgements up 17 per cent at $8.14 billion.
While NSW loans saw the smallest year-on-year growth of the capital cities (16 per cent), the overall volumes were still the largest, with $8.88 billion in lodgements recorded by AFG brokers.
Overall, AFG brokers lodged a record $27 billion in home loans in the June quarter, a new quarterly record for the group.
[Related: Mortgage lodgements hit record high at AFG]
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