1318.3 - Qld Stats, Oct 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 19/10/2009   
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Image: Housing Finance HOUSING FINANCE

HOUSING FINANCE COMMITMENTS

In Queensland, the number of owner occupied housing commitments in trend estimate terms increased to 13,713 (up 0.1%) from July 2009 to August 2009, the twelfth consecutive monthly increase.

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


The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 0.2% to $3,643 million, from July 2009 to August 2009. Over the year to August 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 42%.

Since August 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $120,800 to $263,300.

In August 2009, the average loan size for first home buyers ($269,900) increased 0.6% from the previous month. The August 2009 average loan size for non-first home buyers ($261,400) increased 0.3% from the previous month.

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 by contacting the National Information and Referral Service on 1300 135 070. This publication is released monthly.