NSW accounts for 28% of January home loans: Finder.com.au

Borrowers in New South Wales accounted for 28% of the total 43,963 home loans financed in January, according to data from finder.com.au

Victoria followed closely behind with 27%. Meanwhile, Western Australian borrowers accounted for 16% of all home loans financed in January with 11% of the adult Australian population, giving the state the largest number of home loans financed per capita of any state or territory in the country.

New South Wales also had the largest average home loan size in January, with $357,600. The ACT followed with an average home loan size of $341,700, while WA had the third highest average home loan size at $320,000.

Of all the states, Tasmania had the smallest average loan size with $216,500. Tasmania’s average loan size is 33% smaller than the national average.

According to finder.com.au, borrowers from the ACT are the country’s highest users of the website’s home loan comparison service per capita.

The website has termed borrowers from the Northern Territory the country’s “most reckless” as they were least likely to use the website to research home loans, and had the least number of home loans financed per capita in January 2014.

The conclusions were based on finder.com.au home loan traffic compared against housing finance and population data from the Australian Bureau of Statistics.