First Home Owners Grant Statistics – Australian Information

Queensland First Home Buyers.

Number of First Home Buyer Grants issued in Queensland

Jan-Mar 2010 5,816
Oct-Dec 2009 8,235
Jul-Sep 2009 10,231
Apr ??Jun 2009 12,079
Jan ??Mar 2009 10,334
Oct ??Dec 2008 7,659
Jul ??Sep 2008 5,523

The average for the previous three years, 2005 to 2007 was 7,816 grants per quarter (all at $7,000).

Out of 30,072 grants during Oct 2008 and Jun 2009:

3,183 got the full $21,000
21,797 got $14,000
5,092 received just the basic $7,000

This averaged out at $13,555 each.

This graph shows the numbers of basic Grants issued each quarter in Queensland.

Numbers of First Home Buyers Grants in Queensland

Western Australia First Home Buyers.

In Western Australia, during the 2008-09 financial year, the number of loans issued to buy housing dropped by 11.7%, when compared to 2007-08.

Sponsor ai10

2007-08 92,771
2008-09 81,875

However the numbers of First Home buyers, obtaining housing finance, increased by 26.4%

2007-08 16,445
2008-09 20,782

The figures for Non First Home buyers, showing a drop of20%, were:

2007-08 76,326
2008-09 61,093

An indication of the first two months of 2009-10 (July and August 2009 compared to July and August 2008) are:

First Home Buyers – Up 56%
Non First Home Buyers – Down 2%

New South Wales First Home Buyers.

In New South Wales, the number of First home buyers, purchasing a property with finance, changed over the last 13 months as follows:

Month : Number of dwellings financed : % of Total : Ave Mortgage size

Sep-2008 2,977 = 20.58% $274,800
Oct-2008 3,055 = 20.58% $283,300
Nov-2008 3,895 = 25.09% $282,500
Dec-2008 4,660 = 26.63% $282,500
Jan-2009 3,732 = 26.97% $279,800
Feb-2009 5,024 = 29.14% $292,300
Mar-2009 6,317 = 30.11% $299,400
Apr-2009 5,909 = 29.64% $299,400
May-2009 6,394 = 30.15% $296,700
Jun-2009 5,941 = 28.41% $282,300
Jul-2009 5,449 = 25.88% $280,900
Aug-2009 4,654 = 25.88% $283,600
Sep-2009 5,236 = 26.69% $287,500

The NSW monthly average for last 13 months has been :
4,865 loans per month to First Home Buyers, or 26.90% of the total, with an average loan of $287,836 for each First Home financed.

Some interesting pieces of older information:.

During the period 1988-90 there were 290,000 first home buyers out of a total of 942,00 total Australian property purchases during that two years.

1988-90 30.7% were First Home Buyers Source PDF File
2007-09 26.3% were First Home Buyers in Australia Source – 5609.0 – Housing Finance, Australia
2007-09 21.3% were First Home Buyers in Western Australia
2007-09 28.3% were First Home Buyers in New South Wales

During the 1988-90 period the First Home buyer was aged between 25 and 34, and bought a 3 bedroom detached house with an undercover parking space.
The median price of Australian property in 1988-90 was about $85,000.
About 74% of First Home buyers had a household income exceeding $27,500.
34.8% of Australian households, during that time, had a Household income exceeding $42,500, whilst 43.8% of first home buyers exceeded that income.

Price range of property purchased in 1988-90

First Home Buyers

26.5% Under 62,500

23.3% $62,500 to $84,999

26.4% $85,000 to $119,999

23.8% Over $120,000

Non-First Home Buyers

11.8% Under 62,500

16.5% $62,500 to $84,999

28.9% $85,000 to $119,999

42.8% Over $120,000