1318.3 - Qld Stats, Jan 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/01/2008   
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The number of owner occupied housing commitments in trend estimate terms increased by 1.9% to 14,754 in November 2007 when compared with November 2006.

The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has risen by 12% to $3,572 million in the 12 months to November 2007. In terms of the trend estimate, the value of housing finance commitments showed a slight decrease of -0.2% from October 2007, the fourth consecutive monthly decrease after 18 months of growth.

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

Since November 1997, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $106,100 to $240,200.

In November 2007, the average loan size for first home buyers ($240,500) was 0.2% higher than for non-first home buyers ($240,100).

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.