Buying a House in Australia: The REAL Cost Nobody Tells You!

A $731,000 home loan at 6.25% over 30 years costs about $1.62 million to repay. Around $888,000 of that is pure interest. In this video, we walk through the full numbers behind buying a home in Australia in 2026, from the price and deposit to the interest, upkeep and trade-offs. WHAT YOU'LL LEARN • Where home values and interest rates stand right now (median value $899,236, cash rate 4.60%) • How much a 20% deposit really takes, and how the 5% Deposit Scheme changes things • What stamp duty costs and why it catches buyers off guard • How a mortgage plays out year by year, including the first-year interest vs principal split • The ongoing costs that never stop: rates, insurance and maintenance • Rent vs buy: why renting can be cheaper in cash terms but owning often wins over decades • Why the family home is so tax-friendly (capital gains and the Age Pension) • How to buy smarter: borrowing below the maximum, building a buffer and using an offset account THE NUMBERS IN THIS VIDEO • National median dwelling value: $899,236 (end of September 2026) • 20% deposit on a median home: about $179,800 • 5% deposit on a median home: about $45,000 • Average new owner-occupier loan: about $731,000 • Monthly repayment at 6.25% over 30 years: about $4,497 • Total interest over the loan term: about $888,000 • Suggested upkeep budget: around 1% of home value per year DATA SOURCES Cotality, Reserve Bank of Australia, Australian Bureau of Statistics, Treasury (2023 Intergenerational Report), Services Australia, ABS Census data. ⚠️ DISCLAIMER This video is general information only and is not financial, tax or legal advice. Figures are examples based on a median home and will differ for your situation. Speak to a licensed mortgage broker or financial adviser before making a decision. If this helped, like the video, subscribe and turn on notifications so you don't miss the next one. #AustralianProperty #BuyingAHome #HomeLoan #Mortgage #FirstHomeBuyer #AustraliaHousing #RentVsBuy