1345.4 - SA Stats, May 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/05/2008   
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Image: Housing finance

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS
The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in January 2008 was $1,072m, an increase of 15.9% from January 2007. Nationally, for the same period, the increase was lower at 10.1% (to a total of $15,775m).

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


Since January 1998, the average home loan commitment for owner occupied dwellings in South Australia has more than doubled from $82,500 to $188,100 in January 2008. In January 2008 the average loan size for first home buyers was $198,400, which was 6.4% greater than the average loan size of $186,500 for non-first home buyers. The average home loan commitment for owner occupied dwellings in Australia in January 2008 was $233,900.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original,
Average Loan Size by Type of Buyer, South Australia
Graph: Housing finance commitments (owner occupation), original, average loan size by type of buyer, South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)