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LEARN MORE ABOUT .idIn Cann River, the 'lowest group' was the largest quartile, comprising of 87% of households with mortgages in 2011.
Mortgage repayments in Cann River 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 | |||||||
|---|---|---|---|---|---|---|---|
| Cann River - Households (Enumerated) | 2011 | 2006 | Change | ||||
| Loan repayment quartile group | Number | % | Bairnsdale urban area (Overlay) % | Number | % | Bairnsdale urban area (Overlay) % | 2006 to 2011 |
| Lowest group | 24 | 86.8 | 50.2 | 22 | 84.2 | 42.2 | +2 |
| Medium lowest | 3 | 13.2 | 34.6 | 0 | 0.8 | 31.5 | +3 |
| Medium highest | 0 | -- | 10.1 | 1 | 6.7 | 18.1 | -2 |
| Highest group | 0 | -- | 5.0 | 2 | 8.2 | 8.2 | -2 |
| Total households with stated mortgage repayments | 28 | 100.0 | 100.0 | 26 | 100.0 | 100.0 | +2 |
| Housing loan - Quartile group dollar ranges | |||||
|---|---|---|---|---|---|
| Calculated from loan repayment data for Victoria | Monthly housing loan repayments by Census year | ||||
| Housing loan repayment ranges | 2021 | 2016 | 2011 | 2006 | 2001 |
| 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 Cann River compared to Bairnsdale urban area (Overlay) shows that there was a smaller 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 Cann River decreased by 26 between 2006 and 2011. The most significant change in Cann River during this period was in the medium lowest quartile which showed an increase of 3 households.
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