1345.4 - SA Stats, Nov 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/11/2007   
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Image: Housing Finance

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia has risen by 11.2% to $1,006m in the 12 months to July 2007. Nationally, for the same period, the increase was about the same at 11.5% (to a total of $15,673m).

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), South Australia
Graph: Housing finance commitments (owner occupation), South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)


Since July 1997, the average home loan commitment for owner occupied dwellings in South Australia has more than doubled from $81,100 to $193,400 in July 2007. The gap between the average loan size for first home buyers and non-first home buyers gradually widened over the nine months from September 2006 to June 2007, but decreased in July 2007. In June 2007 the average loan size for first home buyers was $200,300, which was 4.2% greater than the average loan size of $192,200 for non-first home buyers; in September 2006, the average loan size for first home buyers was $182,400, or 2.3% greater than for non-first home buyers. The average first home buyer loan size in July 2007 was $197,800, with non-first home buyer loans at $192,700.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original,
Average Loan Size by Type of Buyer, South Australia
Graph: Housing finance commitments (owner occupation), original, average loan size by type of buyer, South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)