Mornington Peninsula ShireCommunity profile
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Flinders - Shoreham - Point Leo

Housing loan quartiles

In Flinders - Shoreham - Point Leo, the 'lowest group' was the largest quartile, comprising of 39% of households with mortgages in 2011.

Mortgage repayments in Flinders - Shoreham - Point Leo 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.

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

Housing loan quartiles
Flinders - Shoreham - Point Leo20112006Change
Loan repayment quartile groupNumber%Mornington Peninsula Shire %Number%Mornington Peninsula Shire %2006 to 2011
Lowest group5338.625.12823.124.3+26
Medium lowest2417.024.42621.324.6-2
Medium highest1611.825.32117.226.1-4
Highest group4532.525.34638.425.0-1

Source: Australian Bureau of Statistics, Census of Population and Housing 2006 and 2011. Compiled and presented by .id , the population experts.

Housing loan - Quartile group dollar ranges
Calculated from loan repayment data for Victoria Monthly housing loan repayments by Census year
Housing loan repayment ranges
2011
2006
2001
1996
Lowest group $0 to $1,103 $0 to $831 $0 to $596 $0 to $502
Medium lowest $1,104 to $1,695 $832 to $1,261 $597 to $866 $503 to $750
Medium highest $1,696 to $2,351 $1,262 to $1,823 $867 to $1,208 $751 to $1,034
Highest group $2,352 and over $1,824 and over $1,209 and over $1,035 and over

Housing loan quartiles, 2011
Housing loan quartiles, 2011 Highest group, Mornington Peninsula Shire: 25.3% Medium highest, Mornington Peninsula Shire: 25.3% Medium lowest, Mornington Peninsula Shire: 24.4% Lowest group, Mornington Peninsula Shire: 25.1% Highest group, Flinders - Shoreham - Point Leo: 32.5% Medium highest, Flinders - Shoreham - Point Leo: 11.8% Medium lowest, Flinders - Shoreham - Point Leo: 17.0% Lowest group, Flinders - Shoreham - Point Leo: 38.6%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2011 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.
Change in housing loan quartiles, 2006 to 2011
Change in housing loan quartiles, 2006 to 2011 Highest group, Flinders - Shoreham - Point Leo: -1 Medium highest, Flinders - Shoreham - Point Leo: -4 Medium lowest, Flinders - Shoreham - Point Leo: -2 Lowest group, Flinders - Shoreham - Point Leo: +26
Source: Australian Bureau of Statistics, Census of Population and Housing, 2006 and 2011 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.

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 Flinders - Shoreham - Point Leo compared to Mornington Peninsula Shire shows that there was a larger proportion of households in the highest repayment quartile, as well as a larger proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Flinders - Shoreham - Point Leo increased by 18 between 2006 and 2011. The most significant change in Flinders - Shoreham - Point Leo during this period was in the lowest quartile which showed an increase of 26 households.