HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

In trend terms, the total value of housing finance commitments (owner occupation) in South Australia in May 2009 was $1,169m, an increase of 1.5% from $1,152m in April 2009. Nationally, the value of housing finance commitments for owner occupation grew by 3.0% from $16,551m in April 2009 to $17,042m in May 2009.

In May 2009, the average home loan size for owner occupied dwellings in South Australia was $214,900, which was significantly lower than the average home loan size for Australia ($266,900).

In May 2009, the average loan size for first home buyers in South Australia was $253,200, which was 24.9% higher than the average loan size for non-first home buyers ($202,700). Since May 2008, the average loan size for first home buyers has increased 27.0% while the average loan size for non-first home buyers has increased 5.8%.

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