Monthly Statistical Bulletin
5.4 Home loan affordability            
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter 2005–06 2006–07 2007–08 2008–09 2009–10  
Average size of new home loan (a) – $  
 
September 222 610 229 503 252 099 261 910 279 151  
December 225 242 233 792 252 478 267 974 292 182  
March 224 985 235 146 246 646 267 588  
June 228 883 248 338 256 052 274 994  
 
Annual average 225 521 236 942 251 782 268 699  
             
Average monthly repayment on new home loans – $  
 
September 1 582 1 705 1 949 2 070 1 714  
December 1 604 1 785 2 008 1 850  
March 1 591 1 781 2 070 1 662  
June 1 660 1 880 2 177 1 689  
 
Annual average 1 609 1 788 2 051 1 818  
             
Loan repayments as a proportion of family income – per cent  
 
September 32.1 33.7 36.6 37.8 29.0  
December 32.3 35.0 37.2 32.4  
March 31.9 34.5 38.0 28.8  
June 33.2 35.9 39.5 28.9  
 
Annual average 32.4 34.8 37.9 31.9  
             
 
(a) Excludes alterations and additions and refinancing.  
 
Sources: Real Estate Institute of Australia and Deposit Power  
              ABS, Housing Finance, Cat. no. 5609.0  
 
 
 
 
 
 
 
  Update
  10 March 2010 for lending
  Early March 2010 for affordability