Monthly Statistical Bulletin

5.4 Home loan affordability

Quarter

2007–08

2008–09

2009–10

2010–11

2011–12

Average size of new home loan (a) – $

September

252 099

261 910

279 151

306 145

303 143

December

252 478

267 974

293 929

306 603

March

246 646

267 588

299 216

301 465

June

256 052

274 994

305 724

307 596

Annual average

251 782

268 699

293 185

305 572

Average monthly repayment on new home loans – $

September

1 949

2 070

1 714

2 163

2 205

December

2 008

1 850

1 856

2 232

March

2 070

1 662

1 999

2 189

June

2 177

1 689

2 135

2 237

Annual average

2 051

1 818

1 926

2 205

Loan repayments as a proportion of family income – per cent

September

36.6

37.8

29.0

34.8

33.6

December

37.2

32.4

30.7

35.3

March

38.0

28.8

32.6

34.2

June

39.5

28.9

34.6

Annual average

37.9

31.9

31.7

34.7

(a) Excludes alterations and additions and refinancing.

Sources: Real Estate Institute of Australia and Deposit Power

ABS, Housing Finance, Cat. no. 5609.0

Update

16 January 2012 for lending

Early March 2012 for affordability