1318.3 - Qld Stats, May 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/05/2009   
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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 12,239 (up 2.8%) from February 2009 to March 2009. Conversely, there was a decrease of 1.4% from March 2008 to March 2009.

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 increased by 3.4%, to $3,254 million, from February 2009 to March 2009. Over the year to March 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 8.6%.

Since March 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $115,700 to $274,000.

In March 2009, the average loan size for first home buyers ($300,000) increased 3.3% from the previous month. The March 2009 average loan size for non-first home buyers ($264,700) increased 5.0% 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.