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HOUSING FINANCE COMMITMENTS
The number of owner occupied housing commitments in trend estimate terms increased by 13% to 15,600 in May 2007 compared with May 2006.
Since May 1997, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $99,100 to $235,200. The commitment for first home buyers ($240,000) was slightly higher than for non-first home buyers ($234,200).
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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