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The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 1.6% to $2,621 million, from April 2010 to May 2010. Over the year to May 2010, in trend estimate terms, the value of housing finance commitments showed a decrease of 29%.
Over the ten years from May 2000 to May 2010, the average home loan commitment for owner occupied dwellings in Queensland more than doubled from $117,000 to $276,000.
In May 2010, the average loan size for first home buyers ($284,500) decreased 4.2% from the previous month.
The May 2010 average loan size for non-first home buyers ($274,700) decreased 3.0% from the previous month.
Further information on this topic is available in Housing Finance, Australia (cat. no. 5609.0) or by contacting the National Information and Referral Service on 1300 135 070. This publication is released monthly.