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Central Coast TASCommunity profile

Central Coast Council area

Housing loan repayments

In Central Coast Council area, 6.7% of households with a mortgage were making high loan repayments of $2,600 or more per month in 2021.

Mortgage repayments are directly related to house prices in Central Coast Council area, 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.

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.

Further reading: How can Councils influence affordable housing.

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.)'

Monthly housing loan repayments
Central Coast Council area - Households (Enumerated)2021
Monthly repayment amountNumber%Regional TAS %
$299 or less1565.25.3
$300 - $5992006.67.6
$600 - $99954518.018.3
$1,000 - $1,19940713.512.8
$1,200 - $1,39943414.313.1
$1,400 - $1,59931810.59.9
$1,600-$1,7992558.48.3
$1,800 - $1,9991133.74.1
$2,000 - $2,1991806.06.0
$2,200 - $2,399521.71.7
$2,400-$2,599180.60.9
$2,600-$2,999672.22.6
$3,000-$3,999842.82.6
$4,000-$4,999270.90.9
$5000 and over240.80.8
Not stated1454.84.9
Total3,025100.0100.0
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Compiled and presented in profile.id by .id (informed decisions).
Please refer to specific data notes for more information

Dominant groups

Analysis of the monthly housing loan repayments of households in Central Coast Council area compared to Regional TAS shows that there was a similar 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, 6.7% of households were paying high mortgage repayments, and 43.2% were paying low repayments, compared with 6.9% and 44.0% respectively in Regional TAS.

The major difference between the household loan repayments of Central Coast Council area and Regional TAS is:

  • A larger percentage of $1,200 - $1,399 (14.3% compared to 13.1%)

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