1345.4 - SA Stats, Feb 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/02/2008   
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Image: Housing Finance

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in October 2007 was $976m, an increase of 6.7% from the value in October 2006. Nationally, for the same period, the increase was slightly higher at 8.0% (to a total of $15,136m).

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), South Australia
Housing finance commitments (owner occupation), South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)


Since October 1997, the average home loan commitment for owner occupied dwellings in South Australia has more than doubled from $84,500 to $194,200 in October 2007. In October 2007 the average loan size for first home buyers was $201,500, which was 4.4% greater than the average loan size of $193,000 for non-first home buyers. The average home loan commitment for owner occupied dwellings in Australia in October 2007 was $240,300.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION), Original,
Average Loan Size by Type of Buyer, South Australia
Housing finance commitments (owner occupation), original, average loan size by type of buyer, South Australia
Source: Housing Finance, Australia (cat. no. 5609.0)