1318.3 - Qld Stats, Dec 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/12/2010   
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Contents >> Economy >> Housing Finance

HOUSING FINANCE

Housing Finance Commitments

In Queensland, the number of owner occupied housing commitments in trend estimate terms increased from 9,159 in August 2010 to 9,180 in September 2010 and 9,218 in October 2010. These were increases of 0.2% and 0.4%, respectively.

Housing Finance Commitments, (Owner Occupation)(a), Queensland: Trend
Graph: Housing Finance Commitments, (Owner Occupation)(a), Queensland: Trend


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.

Average Loan Size by Type of Buyer (Owner Occupation)(a), Queensland: Original
Graph: Average Loan Size by Type of Buyer (Owner Occupation)(a), Queensland: Original


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.





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