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 April 2010 was $840m, a decrease of 2.1% from March 2010 ($858m) and the eleventh consecutive decrease since the peak of $1,182m 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 $13,476m in April 2010; 2.4% lower than March 2010 and 21.3% lower than the peak recorded in June 2009 ($17,131m).

In April 2010, the average home loan size for owner occupied dwellings in South Australia was $229,600, an increase of 1.2% over the previous month, but 20.0% lower than the average home loan size for Australia ($286,900).

In April 2010, the average loan commitment for first home buyers in South Australia fell to $241,900; a decrease of 2.7% over the March estimate. In contrast, the average loan size for non-first home buyers rose to $227,800, an increase of 1.9% over the same period. The April estimate of average loan commitments for first home buyers is 6.2% higher than for non-first home buyers, but 9.8% below the peak for first home buyer commitments in March 2009 ($268,300).

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