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City of BrimbankCommunity profile

Kealba

Housing loan quartiles

In Kealba, the 'lowest group' was the largest quartile, comprising of 31% of households with mortgages in 2021.

Mortgage repayments in Kealba 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.

Please note, interest rates at the 2021 Census were at a record low in Australia. The first interest rate rises by the Reserve Bank began an upward cycle from May 2022. Please use mortgage payment data with caution as data from the 2021 Census pre-dates all official rate rises in the current cycle.

Q:

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.)'

Housing loan quartiles
Kealba - Households (Enumerated)20212006Change
Loan repayment quartile groupNumber%City of Brimbank %Number%City of Brimbank %2006 to 2021
Lowest group11930.629.212230.826.2-3
Medium lowest11930.628.411829.828.4+2
Medium highest8822.626.310526.526.6-17
Highest group6316.216.15112.918.8+12
Total households with stated mortgage repayments391100.0100.0397100.0100.0-6
Source: Australian Bureau of Statistics, Census of Population and Housing 2006 and 2021. Compiled and presented by .id (informed decisions).
Please refer to specific data notes for more information
Housing loan - Quartile group dollar ranges
Calculated from loan repayment data for VictoriaMonthly housing loan repayments by Census year
Housing loan repayment ranges20212016201120062001
Lowest group$0 to $1,252$0 to $1,133$0 to $1,103$0 to $831$0 to $596
Medium lowest$1,253 to $1,874$1,134 to $1,702$1,104 to $1,695$832 to $1,261$597 to $866
Medium highest$1,875 to $2,613$1,703 to $2,336$1,696 to $2,351$1,262 to $1,823$867 to $1,208
Highest group$2,614 and over$2,337 and over$2,352 and over$1,824 and over$1,209 and over

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 Kealba compared to the City of Brimbank shows that there was a similar proportion of households in the highest repayment quartile, and a larger proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Kealba decreased by 397 between 2006 and 2021. The most significant change in Kealba during this period was in the medium highest quartile which showed a slight decrease of -17 households.

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