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 March 2010 was $838m, a decrease of 3.9% from February 2010 ($872m) and the tenth consecutive decrease since the peak of $1,183m recorded in May 2009. As a result of these decreases, the series has fallen to a level similar to August 2008. Nationally, the value of housing finance commitments for owner occupation was $13,698m in March 2010, 20.1% lower than the peak recorded in June 2009 ($17,141m).

n March 2010, the average home loan size for owner occupied dwellings in South Australia was $228,500, an increase of 6.3% over the previous month, but 18.8% lower than the average home loan size for Australia ($281,400).

In March 2010, the average loan commitment for first home buyers in South Australia rose to $247,700; an increase of 6.3% over the February estimate, and 9.9% higher than the average loan size for non-first home buyers ($225,400). The average loan commitment of first home buyers is now 7.7% below the peak of March 2009 ($268,300).

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