Today, we will show you a few interesting charts.
The first chart is this:
Number of loans vs Size of loans (Total)
It shows the total number of home loans and the size of loans. As you can see, from September 2009, the number of loans crashed, but the size of loans still remained in a steady up-trend.
Now, let us break it up the numbers into First-Home-Buyer (FHB) and non-FHB:
Number of loans vs Size of loans (FHB)
As you can see, since the doubling of the First-Home-Owner-Grant (FHOG), the number of FHB home loans surged to a record high. But still, the size of loans still remained in a steady up-trend
Number of loan vs Size of loan (Non-FHB)
For the non-FHB, it is clear that the total number of loans remained in a down-trend despite the surge in 2009.
There is a common characteristic among these 3 charts: despite the number of loans declining, the size of loans keeps on growing.
What do you think this means?
Tags: FHB, FHOG, home loans
