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The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 0.5% to $3,544 million, from September 2009 to October 2009. Over the year to October 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 30%.
Since October 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $122,500 to $269,100.
In October 2009, the average loan size for first home buyers ($273,500) increased 3.4% from the previous month. The October 2009 average loan size for non-first home buyers ($267,700) increased 0.6% from the previous month.
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.
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