City of BoroondaraCommunity profile
census-message-logo

We’re continuing to update these pages with data from the 2016 Census. Read more about our updates.

Skip to content

City of Boroondara

Housing loan repayments

census-message-logo

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

In the City of Boroondara, 45.1% of households with a mortgage were making high loan repayments of $2,600 or more per month in 2016.

Mortgage repayments are directly related to house prices in the City of Boroondara, 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
City of Boroondara - Households (Enumerated)2016
Monthly repayment amountNumber%Greater Melbourne %
$299 or less1,4698.45.3
$300 - $5995843.43.8
$600 - $9997584.37.2
$1,000 - $1,1997574.35.9
$1,200 - $1,3996193.67.5
$1,400 - $1,5996954.08.0
$1,600 - $1,7996243.68.8
$1,800 - $1,9994902.86.6
$2,000 - $2,1991,5288.811.5
$2,200 - $2,3994292.54.4
$2,400 - $2,5996723.94.0
$2,600 - $2,9998064.66.4
$3,000 - $3,9992,45714.19.2
$4,000 - $4,9991,79810.33.6
$5,000 and over2,79216.03.3
Not stated9485.44.6

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

Monthly housing loan repayments, 2016
Monthly housing loan repayments, 2016 $5,000 and over, Greater Melbourne: 3.3% $4,000 - $4,999, Greater Melbourne: 3.6% $3,000 - $3,999, Greater Melbourne: 9.2% $2,600 - $2,999, Greater Melbourne: 6.4% $2,400 - $2,599, Greater Melbourne: 4.0% $2,200 - $2,399, Greater Melbourne: 4.4% $2,000 - $2,199, Greater Melbourne: 11.5% $1,800 - $1,999, Greater Melbourne: 6.6% $1,600 - $1,799, Greater Melbourne: 8.8% $1,400 - $1,599, Greater Melbourne: 8.0% $1,200 - $1,399, Greater Melbourne: 7.5% $1,000 - $1,199, Greater Melbourne: 5.9% $600 - $999, Greater Melbourne: 7.2% $300 - $599, Greater Melbourne: 3.8% $299 or less, Greater Melbourne: 5.3% $5,000 and over, City of Boroondara: 16.0% $4,000 - $4,999, City of Boroondara: 10.3% $3,000 - $3,999, City of Boroondara: 14.1% $2,600 - $2,999, City of Boroondara: 4.6% $2,400 - $2,599, City of Boroondara: 3.9% $2,200 - $2,399, City of Boroondara: 2.5% $2,000 - $2,199, City of Boroondara: 8.8% $1,800 - $1,999, City of Boroondara: 2.8% $1,600 - $1,799, City of Boroondara: 3.6% $1,400 - $1,599, City of Boroondara: 4.0% $1,200 - $1,399, City of Boroondara: 3.6% $1,000 - $1,199, City of Boroondara: 4.3% $600 - $999, City of Boroondara: 4.3% $300 - $599, City of Boroondara: 3.4% $299 or less, City of Boroondara: 8.4%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2016 (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 the City of Boroondara compared to Greater Melbourne 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 $1,200 per month).

Overall, 45.1% of households were paying high mortgage repayments, and 20.5% were paying low repayments, compared with 22.4% and 22.2% respectively in Greater Melbourne.

The major differences between the household loan repayments of the City of Boroondara and Greater Melbourne were:

  • A larger percentage of $5,000 and over (16.0% compared to 3.3%)
  • A larger percentage of $4,000 - $4,999 (10.3% compared to 3.6%)
  • A larger percentage of $3,000 - $3,999 (14.1% compared to 9.2%)
  • A smaller percentage of $1,600 - $1,799 (3.6% compared to 8.8%)
v17.11.15-1.0.1