City of Belmont

Housing loan repayments

30.0% of households with a mortgage were making high loan repayments of $2,600 or more per month in City of Belmont.

Mortgage repayments are directly related to house prices in City of Belmont, 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

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Monthly housing loan repayments
City of Belmont 2011
Monthly repayment amount Number % EMRC area
Nil repayments 90 2.1 2.0
$1-$149 36 0.8 0.7
$150-$299 56 1.3 1.0
$300-$449 85 2.0 2.1
$450-$599 68 1.6 1.8
$600-$799 154 3.6 3.8
$800-$999 199 4.6 4.8
$1000-$1199 228 5.3 6.1
$1200-$1399 283 6.6 6.9
$1400-$1599 225 5.2 6.6
$1600-$1799 308 7.1 7.2
$1800-$1999 271 6.3 5.5
$2000-$2199 420 9.7 10.0
$2200-$2399 191 4.4 5.0
$2400-$2599 218 5.1 4.5
$2600-$2999 469 10.9 9.9
$3000-$3999 549 12.7 11.6
$4000-$4999 175 4.1 3.3
$5000 and over 99 2.3 2.2
Not stated 186 4.3 4.9
Total households with a mortgage 4,310 100.0 100.0

Source: Australian Bureau of Statistics, Census of Population and Housing 2011 and 2011. Compiled and presented in profile.id by .id, the population experts.

Please refer to the specific data notes for more information

Monthly housing loan repayments, 2011
Monthly housing loan repayments, 2011 $5000 and over, EMRC area: 2.2% $4000-$4999, EMRC area: 3.3% $3000-$3999, EMRC area: 11.6% $2600-$2999, EMRC area: 9.9% $2400-$2599, EMRC area: 4.5% $2200-$2399, EMRC area: 5.0% $2000-$2199, EMRC area: 10.0% $1800-$1999, EMRC area: 5.5% $1600-$1799, EMRC area: 7.2% $1400-$1599, EMRC area: 6.6% $1200-$1399, EMRC area: 6.9% $1000-$1199, EMRC area: 6.1% $800-$999, EMRC area: 4.8% $600-$799, EMRC area: 3.8% $450-$599, EMRC area: 1.8% $300-$449, EMRC area: 2.1% $150-$299, EMRC area: 1.0% $1-$149, EMRC area: 0.7% Nil repayments, EMRC area: 2.0% $5000 and over, City of Belmont: 2.3% $4000-$4999, City of Belmont: 4.1% $3000-$3999, City of Belmont: 12.7% $2600-$2999, City of Belmont: 10.9% $2400-$2599, City of Belmont: 5.1% $2200-$2399, City of Belmont: 4.4% $2000-$2199, City of Belmont: 9.7% $1800-$1999, City of Belmont: 6.3% $1600-$1799, City of Belmont: 7.1% $1400-$1599, City of Belmont: 5.2% $1200-$1399, City of Belmont: 6.6% $1000-$1199, City of Belmont: 5.3% $800-$999, City of Belmont: 4.6% $600-$799, City of Belmont: 3.6% $450-$599, City of Belmont: 1.6% $300-$449, City of Belmont: 2.0% $150-$299, City of Belmont: 1.3% $1-$149, City of Belmont: 0.8% Nil repayments, City of Belmont: 2.1% ​
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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 City of Belmont compared to EMRC area shows that there was a larger proportion of households paying high mortgage repayments ($2,600 per month or more), and a similar proportion of households with low mortgage repayments (less than $1000 per month).

Overall, 30.0% of households were paying high mortgage repayments, and 16.0% were paying low repayments, compared with 26.9% and 16.4% respectively in EMRC area.

The major differences between the household loan repayments of City of Belmont and EMRC area were:

  • A larger percentage of $3000-$3999 (12.7% compared to 11.6%)
  • A larger percentage of $2600-$2999 (10.9% compared to 9.9%)
  • A smaller percentage of $1400-$1599 (5.2% compared to 6.6%)