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In December 2010, the average home loan size for owner occupied dwellings in South Australia was $228,800, a decrease of 2.0% over the previous month, and 20.0% lower than the average loan size for Australia ($286,100).
In December 2010, the average loan commitment for first home buyers in South Australia fell to $232,000; a decrease of 0.6% over the November estimate. Similarly, the average loan size for non-first home buyers fell to $228,400; a decrease of 2.2% over the same period. The December estimate of average loan commitments for first home buyers is 1.6% higher than for non-first home buyers, but 13.5% below the peak for first home buyer commitments recorded in March 2009 ($268,300).
For information on the house price index, please refer to the ' Price Indexes' topic.
*IMPACT OF THE FLOODS
Flooding in Queensland began in late December 2010. Data collection and processing for the data in the Housing Finance, Australia, Dec 2010 publication were not disrupted. It is expected that the economic impact of floods/cyclone in Queensland and other states, if any, will be reflected in the forthcoming issues of Housing Finance, Australia (cat. no. 5609.0).
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