Chapter 5: Housing

5.1 Lending for owner occupied housing

5.1 Lending for owner occupied housing

 
2008-09
2009-10
2010-11
2011-12
2012-13
Value (a) – $ million
New South Wales
52 744
52 287
50 667
53 813
53 290
Victoria
38 613
43 008
43 829
43 697
45 536
Queensland
36 541
34 727
27 944
28 447
30 025
South Australia
11 015
10 276
9 079
8 978
9 157
Western Australia
21 185
22 150
18 702
20 929
25 246
Tasmania
2 608
2 341
2 006
1 963
1 925
Northern Territory
1 474
1 356
1 090
1 238
1 403
Australian Capital Territory
3 220
3 101
2 825
2 802
3 009
Australia
167 398
169 245
156 142
161 867
169 591
Annual change – per cent
New South Wales
2.1
-0.9
-3.1
6.2
-1.0
Victoria
-2.4
11.4
1.9
-0.3
4.2
Queensland
-6.1
-5.0
-19.5
1.8
5.5
South Australia
3.7
-6.7
-11.6
-1.1
2.0
Western Australia
-2.8
4.6
-15.6
11.9
20.6
Tasmania
-1.1
-10.2
-14.3
-2.2
-1.9
Northern Territory
17.8
-8.0
-19.6
13.6
13.4
Australian Capital Territory
19.4
-3.7
-8.9
-0.8
7.4
Australia
-1.0
1.1
-7.7
3.7
4.8
 
(a) Lending commitments by all types of lenders for the construction and purchase of owner occupied dwellings,
these figures include refinancing across lending institution, but excludes alterations and additions.
Source: ABS, Housing Finance, Cat. no. 5609.0, June 2014

5.2 Home loan size

5.2 Home loan size

 
2008-09
2009-10
2010-11
2011-12
2012-13
Average size of new owner-occupied home loan (a) – $'000
New South Wales
296.9
326.6
343.5
329.4
334.3
Victoria
257.9
285.0
303.7
300.6
300.4
Queensland
274.7
287.6
289.2
284.4
284.4
South Australia
224.9
238.4
251.3
244.7
247.6
Western Australia
274.6
300.2
291.5
276.7
297.4
Tasmania
191.5
211.2
214.9
218.8
214.3
Northern Territory
274.4
298.3
304.9
309.8
326.0
Australian Capital Territory
287.9
308.9
330.4
328.7
339.3
Australia
271.3
294.7
306.0
298.4
302.5
Annual change – per cent
New South Wales
7.4
10.0
5.2
-4.1
1.5
Victoria
9.2
10.5
6.6
-1.0
-0.1
Queensland
9.9
4.7
0.6
-1.7
0.0
South Australia
11.0
6.0
5.4
-2.6
1.2
Western Australia
12.6
9.3
-2.9
-5.1
7.5
Tasmania
12.6
10.3
1.8
1.8
-2.0
Northern Territory
21.6
8.7
2.2
1.6
5.2
Australian Capital Territory
9.6
7.3
7.0
-0.5
3.2
Australia
9.6
8.6
3.8
-2.5
1.4
           
(a) Includes refinancing, but excludes alterations and additions and refinancing. Comprises construction of new dwellings and purchase of new and established dwellings
Source: ABS, Housing Finance, Cat. no. 5609.0, June 2014

5.3 Home loan repayments

5.3 Home loan repayments

 
2008-09
2009-10
2010-11
2011-12
2012-13
Average monthly repayment on new loans – $
New South Wales
1 922
2 039
2 363
2 387
2 353
Victoria
1 813
1 918
2 277
2 211
2 112
Queensland
1 882
1 905
2 112
2 058
1 963
South Australia
1 524
1 537
1 768
1 757
1 718
Western Australia
1 963
2 038
2 192
2 116
2 126
Tasmania
1 356
1 375
1 522
1 471
1 458
Northern Territory
1 906
1 927
2 131
2 224
2 221
Australian Capital Territory
1 912
1 939
2 151
2 188
2 314
Australia
1 847
1 926
2 205
2 174
2 116
Loan repayments (a) – percentage of family income
New South Wales
34.3
34.3
38.3
37.2
35.6
Victoria
31.2
31.3
35.7
33.0
31.8
Queensland
33.3
31.5
33.3
30.9
29.3
South Australia
31.7
31.1
34.5
33.1
30.2
Western Australia
28.5
27.5
27.0
23.6
24.9
Tasmania
30.6
28.2
29.2
26.8
26.2
Northern Territory
24.1
23.0
23.6
22.3
24.6
Australian Capital Territory
18.7
17.7
18.7
18.0
20.2
Australia
32.2
31.7
34.7
32.6
31.3
           
(a) Annual average of proportion of family income devoted to meeting loan repayments.  
Source: Real Estate Institute of Australia, Home Loan Affordability Report, June 2014. Note: REIA updated the methodology for these statistics in September 2013. For the latest data see: http://library.parl.net/~/media/library/statistics/Housing_data.xlsx 

5.4 House sale prices

5.4 House sale prices

 
2008-09
2009-10
2010-11
2011-12
2012-13
Median price of houses sold – $'000 (a)
Sydney
535.4
601.1
642.9
638.7
668.5
Melbourne
427.1
520.0
553.6
528.8
533.4
Brisbane
406.5
448.0
443.1
426.8
438.5
Adelaide
360.0
394.8
405.4
389.3
396.0
Perth
433.8
487.5
486.3
473.8
505.0
Hobart
323.4
366.1
373.4
358.3
353.1
Darwin
445.8
535.3
544.2
535.8
587.6
Canberra
444.7
494.1
526.0
509.4
508.8
Weighted average eight
capital cities
460.6
513.7
537.4
515.2
531.2
Annual change – per cent
Sydney
-2.8
12.3
7.0
-0.7
4.7
Melbourne
-4.1
21.7
6.5
-4.5
0.9
Brisbane
-0.3
10.2
-1.1
-3.7
2.8
Adelaide
1.8
9.7
2.7
-4.0
1.7
Perth
-6.3
12.4
-0.3
-2.6
6.6
Hobart
-1.0
13.2
2.0
-4.1
-1.4
Darwin
7.7
20.1
1.7
-1.5
9.7
Canberra
-4.1
11.1
6.5
-3.1
-0.1
Weighted average eight
capital cities
0.3
11.5
4.6
-4.1
3.1
           
(a) Moving annual average as of June of the financial year
Source: Real Estate Institute of Australia, Market Facts, multiple issues; and data provided by REIA to the Parliamentary Library
Note: REIA has recently revised some of their housing data. For the latest statistics see: http://library.parl.net/~/media/library/statistics/Housing_data.xlsx

5.5 House rents

5.5 House rents

 
2008-09
2009-10
2010-11
2011-12
2012-13
Median rent for three bedroom houses let – $ per week
Sydney
350
373
398
415
423
Melbourne
303
323
335
340
345
Brisbane
336
344
350
353
361
Adelaide
285
299
315
321
323
Perth
363
374
383
421
468
Hobart
306
320
338
335
326
Darwin
531
552
542
547
635
Canberra
401
423
448
460
458
Weighted average eight
capital cities
332
350
365
378
389
Annual change – per cent
Sydney
11.4
6.6
6.7
4.4
1.8
Melbourne
12.3
6.3
3.9
1.5
1.5
Brisbane
8.0
2.2
1.8
0.7
2.5
Adelaide
8.1
4.8
5.4
2.0
0.4
Perth
10.3
3.1
2.3
10.1
11.0
Hobart
7.8
4.7
5.5
-0.7
-2.6
Darwin
12.4
4.0
-1.9
0.9
16.2
Canberra
8.1
5.3
5.9
2.8
-0.5
Weighted average eight
capital cities
10.6
5.2
4.5
3.5
2.9
           
(a) Data for Melbourne in both the June and September 2008 quarters was not available.
Therefore, values have been imputed, by taking an average of the remaining quarters within a given financial year.
Source: Real Estate Institute of Australia, Market Facts, April 2014.
Note: REIA has recently revised some of their housing data.
For the latest statistics see:http://library.parl.net/~/media/library/statistics/Housing_data.xlsx 

 

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