1345.4 - SA Stats, Dec 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/12/2009   
   Page tools: Print Print Page Print all pages in this productPrint All

HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in October 2009 was $1,145m, a decrease of 0.8% from the September 2009 estimate of $1,154m and the fourth consecutive decrease since the peak of $1,169m recorded in June 2009. Nationally, growth in the value of housing finance commitments for owner occupation has steadied, increasing 0.2% to $17,128m in October 2009.

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), South Australia


In October 2009, the average home loan size for owner occupied dwellings in South Australia was $213,500; substantially lower than the average home loan size for Australia ($272,000).

In October 2009, the average loan commitment for first home buyers in South Australia was $225,600, which was 7.4% higher than the average loan size for non-first home buyers ($210,000). The average loan commitment of first home buyers is now 15.9% below the peak of March 2009 ($268,300).

HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), Average loan size, Original, South Australia
Graph: HOUSING FINANCE COMMITMENTS (OWNER OCCUPATION) (a), Average loan size, Original, South Australia


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