1345.4 - SA Stats, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/07/2007   
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Image: Housing FinanceHOUSING FINANCE

HOUSING FINANCE COMMITMENTS
The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia has risen by 9.7% to $926m in the 12 months to March 2007. Nationally, for the same period, the increase was smaller at 8.3% (to a total of $14,399m).

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)


Since March 1997, the average home loan commitment for owner occupied dwellings in South Australia has more than doubled from $80,800 to $174,900 in March 2007. The gap between the average loan size for first home buyers and non-first home buyers has gradually widened over the seven months from September 2006 to March 2007. In March 2007 the average loan size for first home buyers was $185,500, which was 7.2% greater than the average loan size of $173,000 for non-first home buyers; in September 2006, the average loan size for first home buyers was $182,600, or 2.4% greater than for non-first home buyers.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original,
Average Loan Size by Type of Buyer, South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original,
Source: Housing Finance, Australia (cat. no. 5609.0)