City of BrimbankCommunity profile
Skip to content

Horseshoe Bend Ward

Housing loan repayments

In Horseshoe Bend Ward, 11.2% 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 Horseshoe Bend Ward, 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
Horseshoe Bend Ward2011
Monthly repayment amountNumber%City of Brimbank %
Nil repayments742.42.4
$1-$149270.91.0
$150-$299521.71.2
$300-$449802.62.7
$450-$5991043.42.6
$600-$7991675.44.5
$800-$9992327.55.9
$1000-$11992889.38.2
$1200-$13992879.39.4
$1400-$159931310.18.9
$1600-$17993079.99.4
$1800-$19991374.46.6
$2000-$219932010.411.0
$2200-$2399812.64.0
$2400-$2599461.53.1
$2600-$29991384.55.0
$3000-$39991424.65.4
$4000-$4999290.91.6
$5000 and over381.21.0
Not stated2257.36.2

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 Brimbank: 1.0% $4000-$4999, City of Brimbank: 1.6% $3000-$3999, City of Brimbank: 5.4% $2600-$2999, City of Brimbank: 5.0% $2400-$2599, City of Brimbank: 3.1% $2200-$2399, City of Brimbank: 4.0% $2000-$2199, City of Brimbank: 11.0% $1800-$1999, City of Brimbank: 6.6% $1600-$1799, City of Brimbank: 9.4% $1400-$1599, City of Brimbank: 8.9% $1200-$1399, City of Brimbank: 9.4% $1000-$1199, City of Brimbank: 8.2% $800-$999, City of Brimbank: 5.9% $600-$799, City of Brimbank: 4.5% $450-$599, City of Brimbank: 2.6% $300-$449, City of Brimbank: 2.7% $150-$299, City of Brimbank: 1.2% $1-$149, City of Brimbank: 1.0% Nil repayments, City of Brimbank: 2.4% $5000 and over, Horseshoe Bend Ward: 1.2% $4000-$4999, Horseshoe Bend Ward: 0.9% $3000-$3999, Horseshoe Bend Ward: 4.6% $2600-$2999, Horseshoe Bend Ward: 4.5% $2400-$2599, Horseshoe Bend Ward: 1.5% $2200-$2399, Horseshoe Bend Ward: 2.6% $2000-$2199, Horseshoe Bend Ward: 10.4% $1800-$1999, Horseshoe Bend Ward: 4.4% $1600-$1799, Horseshoe Bend Ward: 9.9% $1400-$1599, Horseshoe Bend Ward: 10.1% $1200-$1399, Horseshoe Bend Ward: 9.3% $1000-$1199, Horseshoe Bend Ward: 9.3% $800-$999, Horseshoe Bend Ward: 7.5% $600-$799, Horseshoe Bend Ward: 5.4% $450-$599, Horseshoe Bend Ward: 3.4% $300-$449, Horseshoe Bend Ward: 2.6% $150-$299, Horseshoe Bend Ward: 1.7% $1-$149, Horseshoe Bend Ward: 0.9% Nil repayments, Horseshoe Bend Ward: 2.4%
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 Horseshoe Bend Ward compared to City of Brimbank shows that there was a smaller proportion of households paying high mortgage repayments ($2,600 per month or more), and a larger proportion of households with low mortgage repayments (less than $1000 per month).

Overall, 11.2% of households were paying high mortgage repayments, and 23.8% were paying low repayments, compared with 13.1% and 20.2% respectively in City of Brimbank.

The major differences between the household loan repayments of Horseshoe Bend Ward and City of Brimbank were:

  • A larger percentage of $800-$999 (7.5% compared to 5.9%)
  • A smaller percentage of $1800-$1999 (4.4% compared to 6.6%)
  • A smaller percentage of $2400-$2599 (1.5% compared to 3.1%)
  • A smaller percentage of $2200-$2399 (2.6% compared to 4.0%)