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1345.4 - SA Stats, Nov 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/11/2009   
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HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in September 2009 was $1,175m. This series has remained relatively stable since June 2009. Nationally, growth in the value of housing finance commitments for owner occupation has slowed; however, the September 2009 estimate of $17,141m is still 37% higher then the value for the corresponding month in the previous year ($12,509m).

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


In September 2009, the average home loan size for owner occupied dwellings in South Australia was $205,600; substantially lower than the average home loan size for Australia ($269,500).

In September 2009, the average loan commitment for first home buyers in South Australia was $232,800, which was 17.4% higher than the average loan size for non-first home buyers ($198,300). The average loan commitment of first home buyers is now 13.2% below the peak of March 2009 ($268,300).

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.


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