Australian Bureau of Statistics
Celebrating the International Year of Statistics 2013

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in December 2009 was $1,025m, a decrease of 2.9% from November 2009 ($1,055m) and the sixth consecutive decrease since the peak of $1,175m recorded in June 2009. As a result of these decreases, the December 2009 estimate has fallen back to the level of December 2008. Nationally, the value of housing finance commitments for owner occupation was $16,157m in December 2009; 5.4% lower than the peak recorded in June 2009 ($17,073m).

In December 2009, the average home loan size for owner occupied dwellings in South Australia was $220,900; substantially lower than the average home loan size for Australia ($283,000).

In December 2009, the average loan commitment for first home buyers in South Australia was $242,500; an increase of 4.6% over the November estimate and 11.9% higher than the average loan size for non-first home buyers ($216,800). The average loan commitment of first home buyers is now only 9.6% below the peak of March 2009 ($268,300).

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