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Cranbourne North

Housing loan repayments

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

In Cranbourne North, 11.5% 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 Cranbourne North, 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
Cranbourne North - Households (Enumerated)2016
Monthly repayment amountNumber%City of Casey %
$299 or less661.94.1
$300 - $5991283.73.4
$600 - $9992547.47.4
$1,000 - $1,1991865.45.9
$1,200 - $1,3992888.48.6
$1,400 - $1,5993319.69.8
$1,600 - $1,79946513.511.4
$1,800 - $1,99937610.99.1
$2,000 - $2,19944613.012.9
$2,200 - $2,3992176.35.3
$2,400 - $2,5991534.43.8
$2,600 - $2,9991855.45.8
$3,000 - $3,9991444.25.5
$4,000 - $4,999371.11.6
$5,000 and over290.81.1
Not stated1394.04.2

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, City of Casey: 1.1% $4,000 - $4,999, City of Casey: 1.6% $3,000 - $3,999, City of Casey: 5.5% $2,600 - $2,999, City of Casey: 5.8% $2,400 - $2,599, City of Casey: 3.8% $2,200 - $2,399, City of Casey: 5.3% $2,000 - $2,199, City of Casey: 12.9% $1,800 - $1,999, City of Casey: 9.1% $1,600 - $1,799, City of Casey: 11.4% $1,400 - $1,599, City of Casey: 9.8% $1,200 - $1,399, City of Casey: 8.6% $1,000 - $1,199, City of Casey: 5.9% $600 - $999, City of Casey: 7.4% $300 - $599, City of Casey: 3.4% $299 or less, City of Casey: 4.1% $5,000 and over, Cranbourne North: 0.8% $4,000 - $4,999, Cranbourne North: 1.1% $3,000 - $3,999, Cranbourne North: 4.2% $2,600 - $2,999, Cranbourne North: 5.4% $2,400 - $2,599, Cranbourne North: 4.4% $2,200 - $2,399, Cranbourne North: 6.3% $2,000 - $2,199, Cranbourne North: 13.0% $1,800 - $1,999, Cranbourne North: 10.9% $1,600 - $1,799, Cranbourne North: 13.5% $1,400 - $1,599, Cranbourne North: 9.6% $1,200 - $1,399, Cranbourne North: 8.4% $1,000 - $1,199, Cranbourne North: 5.4% $600 - $999, Cranbourne North: 7.4% $300 - $599, Cranbourne North: 3.7% $299 or less, Cranbourne North: 1.9%
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 Cranbourne North compared to the City of Casey shows that there was a smaller proportion of households paying high mortgage repayments ($2,600 per month or more), as well as a smaller proportion of households with low mortgage repayments (less than $1,200 per month).

Overall, 11.5% of households were paying high mortgage repayments, and 18.4% were paying low repayments, compared with 14.0% and 20.8% respectively in the City of Casey.

The major differences between the household loan repayments of Cranbourne North and the City of Casey were:

  • A larger percentage of $1,600 - $1,799 (13.5% compared to 11.4%)
  • A larger percentage of $1,800 - $1,999 (10.9% compared to 9.1%)
  • A smaller percentage of $299 or less (1.9% compared to 4.1%)
  • A smaller percentage of $3,000 - $3,999 (4.2% compared to 5.5%)
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