1318.3 - Qld Stats, Feb 2010  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/02/2010   
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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 decreased to 11,848 (down 3.1%) from November 2009 to December 2009, the sixth monthly decrease after ten consecutive monthly increases.

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


The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 2.1% to $3,263 million from November 2009 to December 2009. Over the year to December 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 8.7%.

Since December 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $124,400 to $282,700.

In December 2009, the average loan size for first home buyers ($286,400) increased 2.8% from the previous month. The December 2009 average loan size for non-first home buyers ($281,900) increased 1.3% from the previous month.

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


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.