Monthly Statistical Bulletin
5.4 Home loan affordability
Quarter	2003–04	2004–05	2005–06	2006–07	2007–08
Average size of new home loan (a) – $
September	196 119	214 866	222 610	229 503	252 099
December	200 419	218 081	225 242	233 792	252 478
March	202 457	216 084	224 985	235 146	246 646
June	214 018	218 362	228 883	248 338	256 120
Annual average	202 807	216 894	225 521	236 942	244 333
Average monthly repayment on new home loans – $
September	1 297	1 496	1 582	1 705	1 949
December	1 366	1 512	1 604	1 785	2 008
March	1 417	1 516	1 591	1 781	2 070
June	1 493	1 552	1 660	1 880
Annual average	1 393	1 519	1 609	1 788
Loan repayments as a proportion of family income – per cent
September	28.6	32.0	32.1	33.7	36.6
December	29.8	31.8	32.3	35.0	37.4
March	30.7	31.4	31.9	34.5	38.0
June	32.4	31.8	33.2	35.9
Annual average	30.4	31.7	32.4	34.8
(a) Excludes alterations and additions and refinancing.
Sources: Real Estate Institute of Australia and Deposit Power
ABS, Housing Finance, Cat. no. 5609.0
								Update
								9 September 2008 for lending
								Early September 2008 for affordability