1384.6 - Statistics - Tasmania, 2007

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/01/2005

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Contents >> Finance and investment >> Finance >> Average loan size for housing finance commitments

The average value of a housing loan in Tasmania in 2003-04 was $116,900, an increase of 23.6% on the previous year. The average loan for the purchase of new dwellings was $135,600, while the average loan for the construction of dwellings was $133,400 and the average loan for the purchase of established dwellings (including refinancing) was $114,700.

HOUSING FINANCE COMMITMENTS, Average loan size, Tasmania(a)
	2000-01	2001-02	2002-03	2003-04

Purpose	$'000	$'000	$'000	$'000

Construction of dwellings	85.9	99.2	111.6	133.4
Purchase of new dwellings	98.2	96.9	120.8	135.6
Purchase of established dwellings(b)	72.6	83.0	92.5	114.7
Total	73.9	84.7	94.6	116.9

Re-financing of established dwellings	62.5	72.9	82.0	100.6
(a) Excludes alterations and additions. (b) Includes re-financing. Source: Housing Finance, Australia - Time Series Spreadsheet (cat. no. 5609.0, table 10c).

At June 2004, the average housing loan size in Tasmania was $131,800 (source: Housing Finance, Australia, cat. no. 5609.0). This compares with the national average of $202,700. At June 1994, the average Tasmanian housing loan size was $61,200, while at June 1984 it was $25,600.

HOUSING FINANCE COMMITMENTS, Average loan size, Tasmania