1345.4 - SA Stats, Apr 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/04/2011   
   Page tools: Print Print Page Print all pages in this productPrint All

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia fell in February 2011 to $856m. The February estimate is 0.6% lower than the previous month, but 27.9% lower than the peak value of housing finance commitments recorded in May 2009 ($1,186m). Nationally, the value of housing finance commitments for owner occupation was $13,819m in February 2011; 1.0% lower than January 2011, and 19.4% lower than the peak recorded in June 2009 ($17,150m).

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), South Australia


In February 2011, the average home loan size for owner occupied dwellings in South Australia was $223,700, a decrease of 2.6% over the previous month, and 20.5% lower than the average loan size for Australia ($281,500).

In February 2011, the average loan commitment for first home buyers in South Australia rose to $235,500; an increase of 2.6% over the January estimate but 12.2% below the peak recorded in March 2009 ($268,300). The average loan size for non-first home buyers in February 2011 fell to $222,100; a decrease of 3.4%. The average loan size for first home buyers in February 2011 is 6.0% higher than for non-first home buyers.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), Average loan size, Original, South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), Average loan size, Original, South Australia


For information on the house price index, please refer to the ' Price Indexes' topic.


*DATA NOTES

Please refer to source publications for impact of floods on data and collections.