HOUSING FINANCE


HOUSING FINANCE COMMITMENTS

The trend estimate of the total value of housing finance commitments (owner occupation) in South Australia in September 2009 was $1,175m. This series has remained relatively stable since June 2009. Nationally, growth in the value of housing finance commitments for owner occupation has slowed; however, the September 2009 estimate of $17,141m is still 37% higher then the value for the corresponding month in the previous year ($12,509m).

In September 2009, the average home loan size for owner occupied dwellings in South Australia was $205,600; substantially lower than the average home loan size for Australia ($269,500).

In September 2009, the average loan commitment for first home buyers in South Australia was $232,800, which was 17.4% higher than the average loan size for non-first home buyers ($198,300). The average loan commitment of first home buyers is now 13.2% below the peak of March 2009 ($268,300).

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