HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

In trend terms, the total value of housing finance commitments (owner occupation) in South Australia in April 2009 was $1,131m, an increase of 1.7% from $1,111m in March 2009. Nationally, the value of housing finance commitments for owner occupation grew by 2.9% from $15,430m in March 2009 to $15,883m in April 2009.

In April 2009, the average home loan size for owner occupied dwellings in South Australia was $214,800, which was significantly lower than the average home loan size for Australia ($264,700).

In April 2009, the average loan size for first home buyers in South Australia was $249,200, which was 21.4% higher than the average loan size for non-first home buyers ($205,200). Since April 2008, the average loan size for first home buyers has increased 26.6% while the average loan size for non-first home buyers has increased 5.4%.

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