How much mortgage repayments, home loans have risen since before pandemic [Video]

Australians are paying so much more in mortgage costs compared to before the pandemic that the extra repayments could pay for a family holiday every month.

Analysis of ABS lending data by financial comparison site Mozo prepared for 9news.com.au has revealed the average monthly repayment across the country has jumped by $2100 since 2019.

“That’s not pocket change,” Mozo personal finance expert Rachel Wastell said.

“That’s the cost of a family holiday every month, now going straight to your mortgage.”

In New South Wales, the damage is even worse, with average repayments soaring from $2820 to $5429 – a hike of $2609.

Queensland and South Australian homeowners have seen their respective figures more than double – from $2056 to $4153 a month in the Sunshine State and from $1799 to $3890 in SA.

Monthly repayments in Victoria, on the other hand, have risen by …