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The trend estimate of the total value of housing finance commitments for owner occupation in Queensland was steady in August and September at $2,559 million and increased to $2,563 million in October 2010, an increase of 0.2%. Over the year to October 2010, in trend estimate terms, the value of housing finance commitments decreased 24%.
Over the ten years from October 2000 to October 2010, the average home loan commitment for owner occupied dwellings in Queensland more than doubled from $113,300 to $276,300.
The average loan size for first home buyers was $281,100 in September 2010, a decrease of 2.0% from August 2010 and $281,300 in October 2010, an increase of 0.1% from September 2010.
The average loan size for non-first home buyers was $279,500 in September 2010, a decrease of 0.2% from August and $275,400 in October 2010, a decrease of 1.5% from September 2010.
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.