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The trend estimate of the total value of housing finance commitments for owner occupation in Queensland increased by 2.8%, to $2,925 million, from December 2008 to January 2009. In contrast, over the year to January 2009, in trend estimate terms, the value of housing finance commitments showed a decrease of 11%.
Since January 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $115,500 to $257,800.
In January 2009, the average loan size for first home buyers ($277,600) decreased 3.2% from the previous month. The January 2009 average loan size for non-first home buyers ($250,900) decreased 2.0% 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.
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