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1318.3 - Qld Stats, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/12/2007   
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HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The number of owner occupied housing commitments in trend estimate terms increased by 1.2% to 14,512 in October 2007 when compared with October 2006.


The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has risen by 12% to $3,529 million in the 12 months to October 2007. In terms of the trend estimate, after more than 2 years of growth, the value of housing finance commitments showed a decrease of -1.2% from September 2007, the fourth consecutive monthly decrease.

Housing Finance Commitments (Owner Occupation)(a), Trend - Queensland
Graph: Housing Finance Commitments (Owner Occupation)(a), Trend—Queensland



Since October 1997, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $104,000 to $240,900.


In October 2007, the average loan size for first home buyers ($244,100) was 1.6% higher than for non-first home buyers ($240,200).

Average Loan Size by Type of Buyer (Owner Occupation)(a), Original - Queensland
Graph: Average Loan Size by Type of Buyer (Owner Occupation)(a), Original—Queensland



Further information on this topic is available in Housing Finance, Australia (cat. no. 5609.0) or ring the National Information and Referral Service on 1300 135 070. This publication is released monthly.

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