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The trend estimate of the total value of housing finance commitments for owner occupation in Queensland increased by 3.3% to $3,706 million, from April 2009 to May 2009. Over the year to May 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 39%.
Since May 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $116,800 to $269,400.
In May 2009, the average loan size for first home buyers ($285,200) decreased 2.2% from the previous month. The May 2009 average loan size for non-first home buyers ($263,200) decreased 1.3% 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.
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