1318.3 - Qld Stats, Aug 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 19/08/2008
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HOUSING FINANCE COMMITMENTS
The number of owner occupied housing commitments in trend estimate terms decreased by -32% to 10,535 in June 2008 when compared with June 2007. There was also a decrease (-5.1%) between May 2008 and June 2008, the thirteenth consecutive monthly decrease.
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by -28% to $2,621 million in the 12 months to June 2008. In terms of the trend estimate, the value of housing finance commitments showed a small decrease of -4.1% from May 2008.
Since June 1998, the average home loan commitment for owner occupied dwellings in Queensland more than doubled from $113,700 to $250,500.
In June 2008, the average loan size for first home buyers ($245,800) was slightly lower than for non-first home buyers ($251,300).
Further information on this topic is available in Housing Finance, Australia (cat. no. 5609.0) or ring the National Information and Referral Service on 1300 135 070. This publication is released monthly.
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