HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

In Queensland, the number of owner occupied housing commitments in trend estimate terms decreased to 12,603 (down 2.1%) from October 2009 to November 2009, the fifth monthly decrease after ten consecutive monthly increases.

The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 1.2% to $3,429 million, from October 2009 to November 2009. Over the year to November 2009, in trend estimate terms, the value of housing finance commitments showed an increase of 20%.

Since November 1999, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $123,000 to $278,400.

In November 2009, the average loan size for first home buyers ($278,500) increased 1.8% from the previous month. The November 2009 average loan size for non-first home buyers ($278,300) increased 4.0% from the previous month.



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.