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1345.4 - SA Stats, Jan 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/01/2010   
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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 November 2009 was $1,086m, a decrease of 2.0% from October 2009 ($1,109m) and the fifth consecutive decrease since the peak of $1,173m recorded in June 2009. Despite these recent decreases, the November 2009 estimate is still 12.6% higher than the estimate for November 2008 ($965m). Nationally the value of housing finance commitments for owner occupation was $16,842m in November 2009; 1.1% lower than the peak recorded in July 2009 ($17,032m).

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


In November 2009, the average home loan size for owner occupied dwellings in South Australia was $214,000; substantially lower than the average home loan size for Australia ($279,900).

In November 2009, the average loan commitment for first home buyers in South Australia was $231,800, which was 10.3% higher than the average loan size for non-first home buyers ($210,200). The average loan commitment of first home buyers is now 13.6% 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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