HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in August 2009 was $1,201m, an increase of 0.6% from $1,193m in July 2009. Nationally, the value of housing finance commitments for owner occupation fell from $17,004m in July 2009 to $16,966m in August 2009; a fall of 0.2%.

In August 2009, the average home loan size for owner occupied dwellings in South Australia was $216,700, which was significantly lower than the average home loan size for Australia ($266,600).

In August 2009, the average loan commitment for first home buyers in South Australia was $233,300, which was 9.8% higher than the average loan size for non-first home buyers ($212,500). The average loan commitment of first home buyers is now 13.0% below the peak of March 2009 ($268,300).

For information on the house price index, please refer to the ' Price Indexes' topic.