2004-09-september table affordability

Australian Capital Territory June 2004 March 2004 June 2003
Home Loan Affordability Indicator (HLAI) 46.2 48.1 54.9
Proportion of family income devoted to meeting average loan repayments 21.7% 20.8% 18.2%
Median weekly family income $1,767 $1,776 $1,749
Average monthly loan repayment $1,659 $1,601 $1,380
Average Loan $237,255 $228,929 $206,751
Total number of loans 1,366 1,385 1,969
Standard variable bank interest rate 6.98% 6.96% 6.50%
Bank fixed interest rate 6.97% 6.99% 6.04%
Quarterly median house price (Canberra) $361,500 $370,800 $305,000
Quarterly average vacancy rate (Canberra) 4.3% 3.6% 3.5%

Australia June 2004 March 2004 June 2003
Home Loan Affordability Indicator (HLAI) 30.9 32.6 35.8
Proportion of family income devoted to meeting average loan repayments 32.3% 30.7% 27.9%
Median weekly family income $1,065 $1,065 $1,035
Average monthly loan repayment $1,493 $1,417 $1,252
Average loan $213,515 $202,545 $187,542
Total number of loans 103,149 101,318 121,666
Standard variable bank interest rate 6.98% 6.96% 6.50%
Bank fixed interest rate 6.97% 6.99% 6.04%

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