Home loan average continues to rise - Business - Business - theage.com.au

Home loan average continues to rise - Business - Business - theage.com.au: "THE average home mortgage has increased 30 per cent over the past three years, despite the cooling Australian property market, an index shows.
The AFG Mortgage Index has found that the average size of mortgages was $277,000 in August this year, up 30.4 per cent from $212,924 in August 2002.
Over the past year, the average mortgage size has grown by 12 per cent, from $247,000 in the same month in 2004.
The index showed a wide variation of mortgage growth between states, reflecting confidence in property values."
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