First Home Owners Grant Statistics

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
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.


Agoda Hotel Bookings
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.

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
  • 0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest

    0 Comments
    Newest
    Oldest Most Voted
    Inline Feedbacks
    View all comments
    0
    Would love your thoughts, please comment.x
    ()
    x