1318.3 - Qld Stats, Jul 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/07/2008
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HOUSING FINANCE COMMITMENTS
The number of owner occupied housing commitments in trend estimate terms decreased by -27% to 11,344 in May 2008 when compared with May 2007. There was also a small decrease (-5.1%) between April 2008 and May 2008, the twelfth consecutive monthly decrease.
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has decreased by -23% to $2,770 million in the 12 months to May 2008. In terms of the trend estimate, the value of housing finance commitments showed a small decrease of -4.6% from April 2008.
Since May 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $104,100 to $248,700.
In May 2008, the average loan size for first home buyers ($249,200) was marginally higher than for non-first home buyers ($248,600).
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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