1318.3 - Qld Stats, Nov 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/11/2008
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HOUSING FINANCE COMMITMENTS
Trend estimates show the number of Queensland owner occupied housing commitments decreased by 36% to 9,565 in September 2008 when compared with September 2007. There was also a small decrease (2.1%) between August 2008 and September 2008, the fifteenth consecutive monthly decrease.
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has decreased by 32% to $2,459 million in the 12 months to September 2008. In terms of the trend estimate, the value of housing finance commitments showed a small decrease of 1.2% from August 2008.
Since September 1998, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $114,900 to $259,900.
In September 2008, the average loan size for first home buyers ($275,500) was slightly higher than for non-first home buyers ($256,400).
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.
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