1318.3 - Qld Stats, Feb 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 23/02/2009
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HOUSING FINANCE COMMITMENTS
The number of Queensland owner occupied housing commitments in trend estimate terms decreased by 26% to 10,564 in December 2008 when compared with December 2007. There was marginal change between November 2008 and December 2008 (up 1.9%).
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 19% to $2,780 million in the 12 months to December 2008. In terms of the trend estimate, the value of housing finance commitments showed an increase of 2.4% from November 2008.
Since December 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $116,800 to $264,000.
In December 2008, the average loan size for first home buyers ($287,600) increased 1.2% from the previous month. The December 2008 average loan size for non-first home buyers ($256,400) increased 3.4% from the previous month.
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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