1318.3 - Qld Stats, Mar 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/03/2008
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HOUSING FINANCE COMMITMENTS
The number of owner occupied housing commitments in trend estimate terms decreased by -0.7% to 14,679 in January 2008 when compared with January 2007. There was also a small decrease (-0.1%) between December 2007 and January 2008, the eighth consecutive monthly decrease following 15 consecutive months of increases.
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has risen by 5.8% to $3,489 million in the 12 months to January 2008. In terms of the trend estimate, the value of housing finance commitments showed a slight decrease of -0.6% from December 2007.
Since January 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $107,400 to $239,800.
In January 2008, the average loan size for first home buyers ($238,400) was marginally lower than for non-first home buyers ($240,100)
Further information on this topic is available in Housing Finance, Australia (cat. no. 5609.0) or ring the National Information and Referral Service on 1300 135 070. This publication is released monthly.
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