Recently, Australia has undergone a surge in real estate value. This surge in the value of property particularly in cities such as Sydney and Melbourne has caused more individuals to consider the value of taking out a mortgage. Sydney in particular has increased by 95.7% and Melbourne by 81.8% since 2009. An increase of this magnitude if the salaries have not been raised to compensate, causes those that do not have additional capital who want to buy to seriously consider whether taking out a mortgage is the only possible way to afford owning property in major cities in Australia. In terms of smaller cities such as: Brisbane, Canberra, and Darwin, the cost of property has still surged to 15.2%, 35.2%, and 17.9% respectively. Since this surge in property value has branched out beyond Sydney and Melbourne, more individuals have leapt into mortgages to be able to own their own property.