1318.3 - Qld Stats, Oct 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/10/2008   
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Image: Housing FinanceHOUSING FINANCE

HOUSING FINANCE COMMITMENTS

The number of Queensland owner occupied housing commitments in trend estimate terms decreased by -36% to 9,635 in August 2008 when compared with August 2007. There was also a decrease (-3.4%) between July 2008 and August 2008, the fifteenth consecutive monthly decrease.

Housing Finance Commitments (Owner Occupation)(a), Trend - Queensland
Graph: Housing Finance Commitments (Owner Occupation)(a), Trend—Queensland


The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by -33% to $2,442 million in the 12 months to August 2008. In terms of the trend estimate, the value of housing finance commitments showed a small decrease of -2.6% from July 2008.

Since August 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $121,400 to $254,300.

In August 2008, the average loan size for first home buyers ($259,900) was slightly higher than for non-first home buyers ($253,300).

Average Loan Size by Type of Buyer (Owner Occupation)(a), Original - Queensland
Graph: Average Loan Size by Type of Buyer (Owner Occupation)(a), Original—Queensland


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.