The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia has risen by 20.8% to $932m in the 12 months to October 2006. Nationally, for the same period, the increase was smaller at 10.0% (to a total of $13,783m).
HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), South Australia
Since October 1996, the average home loan commitment for owner occupied dwellings in South Australia has more than doubled to $177,800 in October 2006. Over the last decade, there has been little difference between the average loan size for first home buyers and for non-first home buyers in South Australia.
HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original, Average Loan Size by Type of Buyer, South Australia