Powered by .id (informed decisions) for Fairfield City
.id community is an evidence base for over 250 local government areas in Australia and New Zealand, helping you make informed decisions.
LEARN MORE ABOUT .idIn Greenfield Park, 25.0% 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 Greenfield Park, 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 | |||
|---|---|---|---|
| Greenfield Park - Households (Enumerated) | 2021 | ||
| Monthly repayment amount | Number | % | Canley Heights % |
| $299 or less | 29 | 6.1 | 7.7 |
| $300 - $599 | 23 | 4.9 | 4.9 |
| $600 - $999 | 26 | 5.5 | 5.7 |
| $1,000 - $1,199 | 21 | 4.4 | 7.1 |
| $1,200 - $1,399 | 28 | 5.9 | 5.8 |
| $1,400 - $1,599 | 28 | 5.9 | 6.0 |
| $1,600-$1,799 | 30 | 6.4 | 5.9 |
| $1,800 - $1,999 | 19 | 4.0 | 3.5 |
| $2,000 - $2,199 | 62 | 13.1 | 11.3 |
| $2,200 - $2,399 | 30 | 6.4 | 4.1 |
| $2,400-$2,599 | 15 | 3.2 | 3.9 |
| $2,600-$2,999 | 39 | 8.3 | 9.7 |
| $3,000-$3,999 | 57 | 12.1 | 12.3 |
| $4,000-$4,999 | 18 | 3.8 | 3.0 |
| $5000 and over | 4 | 0.8 | 1.9 |
| Not stated | 43 | 9.1 | 7.1 |
| Total | 472 | 100.0 | 100.0 |
Dominant groups
Analysis of the monthly housing loan repayments of households in Greenfield Park compared to Canley Heights 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, 25.0% of households were paying high mortgage repayments, and 21.0% were paying low repayments, compared with 27.0% and 25.4% respectively in Canley Heights.
The major differences between the household loan repayments of Greenfield Park and Canley Heights were:
- A larger percentage of $2,200 - $2,399 (6.4% compared to 4.1%)
- A larger percentage of $2,000 - $2,199 (13.1% compared to 11.3%)
- A smaller percentage of $1,000 - $1,199 (4.4% compared to 7.1%)
- A smaller percentage of $299 or less (6.1% compared to 7.7%)
DISCLAIMER: While all due care has been taken to ensure that the content of this website is accurate and current, there may be errors or omissions in it and no legal responsibility is accepted for the information and opinions in this website.
Please view our Privacy Policy, Terms of use and Legal notices. Stats NZ Data and the copyright in the Stats NZ Data remains the property of the Statistics New Zealand.
The copyright in the way .id has modified, transformed or reconfigured the Stats NZ Data as published on this website remains the property of .id. Stats NZ Data can be accessed on the Statistics New Zealand website at www.stats.govt.nz. Unless otherwise specified, content that Stats NZ produce is licensed under the Creative Commons Attribution 4.0 International licence. For further information see https://www.stats.govt.nz/about-us/copyright/.