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Mornington Peninsula ShireCommunity profile

HMAS Cerberus

Housing loan quartiles

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In HMAS Cerberus, the 'lowest group' was the largest quartile, comprising of % of households with mortgages in [Parameter].[StartYear].

Mortgage repayments in HMAS Cerberus 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
HMAS Cerberus - Households (Enumerated)[Parameter].[StartYear][Parameter].[EndYear]Change
Loan repayment quartile groupNumber%Flinders - Shoreham - Point Leo %Number%Flinders - Shoreham - Point Leo %[Parameter].[EndYear] to [Parameter].[StartYear]
Lowest group0--23.50--38.60
Medium lowest0--14.10--17.00
Medium highest0--16.40--11.80
Highest group0--46.00--32.50
Total households with stated mortgage repayments0--100.00--100.00
Source: Australian Bureau of Statistics, Census of Population and Housing [Parameter].[EndYear] and [Parameter].[StartYear]. 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 VictoriaMonthly housing loan repayments by Census year
Housing loan repayment ranges20212016201120062001
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 HMAS Cerberus compared to Flinders - Shoreham - Point Leo shows that there was a smaller proportion of households in the highest repayment quartile, as well as a smaller proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in HMAS Cerberus remained stable 0 between [Parameter].[EndYear] and [Parameter].[StartYear]. The most significant change in HMAS Cerberus during this period was in the lowest quartile which showed no change of 0 households.

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