1318.3 - Qld Stats, May 2010

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/05/2010

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HOUSING FINANCE

Housing Finance Commitments

In Queensland, the number of owner occupied housing commitments in trend estimate terms decreased to 9,539 (down 4.5%) from February 2010 to March 2010, the ninth monthly decrease after ten consecutive monthly increases.

Housing Finance Commitments, (Owner Occupation)(a), Queensland: Trend
Graph: Housing Finance Commitments, (Owner Occupation)(a), Queensland: Trend

The trend estimate of the total value of housing finance commitments for owner occupation in Queensland decreased by 3.7% to $2,729 million, from February 2010 to March 2010. Over the year to March 2010, in trend estimate terms, the value of housing finance commitments showed a decrease of 22%.

Since March 2000, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $122,400 to $281,900.

In March 2010, the average loan size for first home buyers ($286,400) increased 1.3% from the previous month. The March 2010 average loan size for non-first home buyers ($281,200) decreased 1.1% from the previous month.

Average Loan Size by Type of Buyer (Owner Occupation)(a), Queensland: Original
Graph: Average Loan Size by Type of Buyer (Owner Occupation)(a), Queensland: Original

Graph: Average Loan Size by Type of Buyer (Owner Occupation)(a), Queensland: Original

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.