1318.3 - Qld Stats, Sep 2007  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/09/2007   
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HOUSING FINANCE

HOUSING FINANCE COMMITMENTS

The number of owner occupied housing commitments in trend estimate terms increased by 8% to 15,292 in July 2007 compared with July 2006.


The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has risen by 20% to $3,664.9 million in the 12 months to July 2007.

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



Since July 1997, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $102,300 to $242,200.


In July 2007, the commitment for first home buyers ($247,000) was slightly higher than for non-first home buyers ($241,200).

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.