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Bay Street Major Activity Centre

Housing loan repayments

In Bay Street Major Activity Centre, 49.4% of households with a mortgage were making high loan repayments of $2,600 or more per month in 2011.

Mortgage repayments are directly related to house prices in Bay Street Major Activity Centre, 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 households in the community are under. In mortgage belt areas it is expected that households will be paying a higher proportion of their income on their housing compared to well-established areas. First home buyer areas are also likely to have larger mortgages than upgrader areas where households move in with equity from elsewhere.

Mortgage payment levels are not directly comparable over time because of inflation. For comparison of mortgage payments over time, go to Housing Loan Quartiles.

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

Monthly housing loan repayments
Bay Street Major Activity Centre - Households (Enumerated)2011
Monthly repayment amountNumber%City of Bayside %
Nil repayments53.13.4
$1-$14921.11.0
$150-$29900.00.8
$300-$44900.01.8
$450-$59952.81.3
$600-$79921.22.3
$800-$99953.02.8
$1000-$119952.84.1
$1200-$1399105.34.1
$1400-$159921.54.2
$1600-$179973.84.1
$1800-$1999105.83.4
$2000-$2199147.68.8
$2200-$239963.63.4
$2400-$259994.93.8
$2600-$2999105.76.3
$3000-$39993116.715.3
$4000-$49992714.79.6
$5000 and over2312.412.9
Not stated84.26.6

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

Monthly housing loan repayments, 2011
Monthly housing loan repayments, 2011 $5000 and over, City of Bayside: 12.9% $4000-$4999, City of Bayside: 9.6% $3000-$3999, City of Bayside: 15.3% $2600-$2999, City of Bayside: 6.3% $2400-$2599, City of Bayside: 3.8% $2200-$2399, City of Bayside: 3.4% $2000-$2199, City of Bayside: 8.8% $1800-$1999, City of Bayside: 3.4% $1600-$1799, City of Bayside: 4.1% $1400-$1599, City of Bayside: 4.2% $1200-$1399, City of Bayside: 4.1% $1000-$1199, City of Bayside: 4.1% $800-$999, City of Bayside: 2.8% $600-$799, City of Bayside: 2.3% $450-$599, City of Bayside: 1.3% $300-$449, City of Bayside: 1.8% $150-$299, City of Bayside: 0.8% $1-$149, City of Bayside: 1.0% Nil repayments, City of Bayside: 3.4% $5000 and over, Bay Street Major Activity Centre: 12.4% $4000-$4999, Bay Street Major Activity Centre: 14.7% $3000-$3999, Bay Street Major Activity Centre: 16.7% $2600-$2999, Bay Street Major Activity Centre: 5.7% $2400-$2599, Bay Street Major Activity Centre: 4.9% $2200-$2399, Bay Street Major Activity Centre: 3.6% $2000-$2199, Bay Street Major Activity Centre: 7.6% $1800-$1999, Bay Street Major Activity Centre: 5.8% $1600-$1799, Bay Street Major Activity Centre: 3.8% $1400-$1599, Bay Street Major Activity Centre: 1.5% $1200-$1399, Bay Street Major Activity Centre: 5.3% $1000-$1199, Bay Street Major Activity Centre: 2.8% $800-$999, Bay Street Major Activity Centre: 3.0% $600-$799, Bay Street Major Activity Centre: 1.2% $450-$599, Bay Street Major Activity Centre: 2.8% $300-$449, Bay Street Major Activity Centre: 0.0% $150-$299, Bay Street Major Activity Centre: 0.0% $1-$149, Bay Street Major Activity Centre: 1.1% Nil repayments, Bay Street Major Activity Centre: 3.1%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2011 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.

Dominant groups

Analysis of the monthly housing loan repayments of households in Bay Street Major Activity Centre compared to City of Bayside shows that there was a larger proportion of households paying high mortgage repayments ($2,600 per month or more), and a smaller proportion of households with low mortgage repayments (less than $1000 per month).

Overall, 49.4% of households were paying high mortgage repayments, and 11.1% were paying low repayments, compared with 44.0% and 13.5% respectively in City of Bayside.

The major differences between the household loan repayments of Bay Street Major Activity Centre and City of Bayside were:

  • A larger percentage of $4000-$4999 (14.7% compared to 9.6%)
  • A larger percentage of $1800-$1999 (5.8% compared to 3.4%)
  • A smaller percentage of $1400-$1599 (1.5% compared to 4.2%)
  • A smaller percentage of $300-$449 (0.0% compared to 1.8%)
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