Home Loan Portfolio

OUTPUT CLASS 1: HOME LOAN PORTFOLIO 
PRINCIPAL MEASURES	
OUTPUT 1.1:  HOME LOAN PORTFOLIO	
Description:	Administration of the ACT Home Loan Portfolio.	

Measures 	2004-05
Targets	2004-05
Estimated Outcome	
Quantity			
(a)	Number of Home Loans managed1	540	576	
(b)	Commonwealth loans payments are made
	100%	100%	
Quality/Effectiveness			
(c) 	Increase in net assets for the financial year2	>$2.5m	$1.9m	
			
Timeliness			
(d)	Administrative services provided in line with completion dates and 	agreed turnaround times
	100%
	100%
	
Cost			
(e)	Cost per Home Loan managed3	$9  209	$8  666	
			
TOTAL COST ($’000)	$4  973	$4  992	
Notes
1.	The number of loans managed is higher than anticipated as a lower than expected number of mortgagors refinanced their loans with private sector organisations.
2.	Despite the drop in number of early discharges, the size of outstanding loans is lower than budgeted.  As a result, less home loan interest revenue was earned.  In addition, there has been a lower than expected return from investments.
3.	The 2004-05 outcome is due to more home loans managed than expected, while expenses have remained similar to budget.