HOUSING FINANCE COMMITMENTS
Posted
@ Aug 1st 2007 2:11pm
- By GCPN Property Network
The number of owner occupied housing commitments in trend estimate terms increased by 13% to 15,600 in May 2007 compared with May 2006.
The trend estimate of the total value of housing finance commitments for owner occupation in Queensland has risen by 21% to $3,632 million in the 12 months to May 2007.
Housing Finance Commitments (Owner Occupation) Trend - Queensland
Since May 1997, the average home loan commitment for owner occupied dwellings in Queensland has more than doubled from $99,100 to $235,200.
The commitment for first home buyers ($240,000) was slightly higher than for non-first home buyers ($234,200)
.