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Greater Melbourne

Housing loan quartiles

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This topic has been updated with 2016 Census data for all areas. What's this?

In Greater Melbourne, the 'medium highest group' was the largest quartile, comprising of 27% of households with mortgages in 2016.

Mortgage repayments in Greater Melbourne are directly related to house prices, length of occupancy and the level of equity of home owners. When viewed with Household Income data it may also indicate the level of housing stress in the community.

The quartile method is the most objective method of comparing change in the mortgage payment profile of a community over time.

A detailed explanation of how Housing Loan Repayment quartiles are calculated and interpreted is available in specific data notes.

Derived from the Census questions:

'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'

Households with a mortgage

Housing loan quartiles
Greater Melbourne - Households (Enumerated)20162011Change
Loan repayment quartile groupNumber%Victoria %Number%Victoria %2011 to 2016
Lowest group123,95122.826.9113,65322.827.2+10,298
Medium lowest137,30325.226.9128,77325.827.6+8,531
Medium highest145,70626.824.6136,42227.424.9+9,283
Highest group137,12925.221.6119,55024.020.4+17,580

Source: Australian Bureau of Statistics, Census of Population and Housing 2011 and 2016. Compiled and presented by .id , the population experts.

Housing loan - Quartile group dollar ranges
Calculated from loan repayment data for New South Wales Monthly housing loan repayments by Census year
Housing loan repayment ranges
2016
2011
2006
2001
1996
Lowest group $0 to $1,184 $0 to $1,159 $0 to $850 $0 to $613 $0 to $525
Medium lowest $1,185 to $1,784 $1,160 to $1,804 $851 to $1,305 $614 to $891 $526 to $787
Medium highest $1,785 to $2,518 $1,805 to $2,596 $1,306 to $1,931 $892 to $1,261 $788 to $1,103
Highest group $2,519 and over $2,597 and over $1,932 and over $1,262 and over $1,104 and over

Housing loan quartiles, 2016
Housing loan quartiles, 2016 Highest group, Victoria: 21.6% Medium highest, Victoria: 24.6% Medium lowest, Victoria: 26.9% Lowest group, Victoria: 26.9% Highest group, Greater Melbourne: 25.2% Medium highest, Greater Melbourne: 26.8% Medium lowest, Greater Melbourne: 25.2% Lowest group, Greater Melbourne: 22.8%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2016 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.
Change in housing loan quartiles, 2011 to 2016
Change in housing loan quartiles, 2011 to 2016 Highest group, Greater Melbourne: +17,580 Medium highest, Greater Melbourne: +9,283 Medium lowest, Greater Melbourne: +8,531 Lowest group, Greater Melbourne: +10,298
Source: Australian Bureau of Statistics, Census of Population and Housing, 2011 and 2016 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.

Dominant groups

Housing loan repayment quartiles allow us to compare relative repayment liabilities across time. Analysis of the distribution of households by housing loan repayment quartiles in Greater Melbourne compared to Victoria shows that there was a larger proportion of households in the highest repayment quartile, and a smaller proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Greater Melbourne increased by 45,692 between 2011 and 2016. The most significant change in Greater Melbourne during this period was in the highest quartile which showed an increase of 17,580 households.

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