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Gunnedah Shire CouncilCommunity profile

Gunnedah Shire

Housing loan quartiles

In Gunnedah Shire, the 'lowest group' was the largest quartile, comprising of 46% of households with mortgages in 2021.

Mortgage repayments in Gunnedah Shire 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
Gunnedah Shire - Households (Enumerated)20212006Change
Loan repayment quartile groupNumber%Regional NSW %Number%Regional NSW %2006 to 2021
Lowest group66346.135.965162.037.6+12
Medium lowest45231.432.125524.330.8+198
Medium highest21114.720.6858.219.8+126
Highest group1137.811.5585.611.9+54
Total households with stated mortgage repayments1,441100.0100.01,051100.0100.0+390
Source: Australian Bureau of Statistics, Census of Population and Housing 2006 and 2021. Compiled and presented by .id (informed decisions).
Please refer to specific data notes for more information
Housing loan - Quartile group dollar ranges
Calculated from loan repayment data for New South WalesMonthly housing loan repayments by Census year
Housing loan repayment ranges20212016201120062001
Lowest group$0 to $1,381$0 to $1,263$0 to $1,266$0 to $993$0 to $723
Medium lowest$1,382 to $2,123$1,264 to $1,989$1,267 to $1,995$994 to $1,557$724 to $1,069
Medium highest$2,124 to $3,203$1,990 to $2,865$1,996 to $2,853$1,558 to $2,416$1,070 to $1,550
Highest group$3,204 and over$2,866 and over$2,854 and over$2,417 and over$1,551 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 Gunnedah Shire compared to Regional NSW 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 Gunnedah Shire decreased by 1,051 between 2006 and 2021. The most significant change in Gunnedah Shire during this period was in the medium lowest quartile which showed an increase of 198 households.

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