First Home Owners Grant Statistics


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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.


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Numbers of First Home Buyers Grants 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.

  • 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.

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

First Home Owners in 1995, 1996, 2005 and 2006.

Number of First Home Buyers in Australia

  • 1995-96 there were 318,200 First Home Buyers
  • 2005-06 there were 303,300 First Home Buyers

1995-96

  • 84.7% Detached House
  • 7.9% Semi-detached, row, terrace or town house
  • 7.4% Flat, unit or apartment

2005-06

  • 72.3% Detached House
  • 15.2% Semi-detached, row, terrace or town house
  • 11.5% Flat, unit or apartment

Average Age of First Home Buyers in Australia

  • 1995-96 32 years
  • 2005-06 33 years

Sources:

  • QLD Statistics: www.osr.qld.gov.au
  • Australian Statistics: Australian Social Trends, 2008
  • Western Australia: Western Australian Statistical Indicators, Sep 2009
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