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The average value of a housing loan in Tasmania in 2003-04 was $116,900, an increase of 23.6% on the previous year. The average loan for the purchase of new dwellings was $135,600, while the average loan for the construction of dwellings was $133,400 and the average loan for the purchase of established dwellings (including refinancing) was $114,700.
At June 2004, the average housing loan size in Tasmania was $131,800 (source: Housing Finance, Australia, cat. no. 5609.0). This compares with the national average of $202,700. At June 1994, the average Tasmanian housing loan size was $61,200, while at June 1984 it was $25,600.
HOUSING FINANCE COMMITMENTS, Average loan size, Tasmania