1318.3 - Qld Stats, Jan 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/01/2009   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

Image: Housing FinanceHOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The number of Queensland owner occupied housing commitments in trend estimate terms decreased by 32% to 10,014 in November 2008 when compared with November 2007. There was marginal change between October 2008 and November 2008 (up 0.6%).

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 has decreased by 26% to $2,605 million in the 12 months to November 2008. In terms of the trend estimate, the value of housing finance commitments showed a small increase of 1.1% from October 2008.

Since November 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $117,800 to $256,200.

In November 2008, the average loan size for first home buyers ($284,100) increased 4.9% from the previous month. The November 2008 average loan size for non-first home buyers ($247,900) decreased 4.7% 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 ring the National Information and Referral Service on 1300 135 070. This publication is released monthly.