HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

In trend terms, the total value of housing finance commitments (owner occupation) in South Australia in June 2009 was $1,185m, an increase of 0.8% from $1,176m in May 2009. Nationally, the value of housing finance commitments for owner occupation grew by 1.8% from $17,127m in May 2009 to $17,434m in June 2009.

In June 2009, the average home loan size for owner occupied dwellings in South Australia was $212,300, which was significantly lower than the average home loan size for Australia ($264,300).

In June 2009, the average loan size for first home buyers in South Australia was $232,400, which was 12.4% higher than the average loan size for non-first home buyers ($206,700). Since June 2008, the average loan size for first home buyers has increased 11.0% while the average loan size for non-first home buyers has increased 8.6%.

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