1384.6 - Statistics - Tasmania, 2005  
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
GRAPH: Housing finance commitments, Average loan size, Tasmania


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