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Redland City CouncilCommunity profile

Redland City

Housing loan quartiles

In Redland City, the 'medium highest group' was the largest quartile, comprising of 31% of households with mortgages in 2021.

Mortgage repayments in Redland City 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
Redland City - Households (Enumerated)20212006Change
Loan repayment quartile groupNumber%Greater Brisbane %Number%Greater Brisbane %2006 to 2021
Lowest group4,43520.021.03,50521.322.2+930
Medium lowest4,45120.023.93,68822.524.0+764
Medium highest6,87030.926.34,41226.926.5+2,458
Highest group6,45429.128.84,82029.327.3+1,634
Total households with stated mortgage repayments22,212100.0100.016,426100.0100.0+5,786
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 QueenslandMonthly housing loan repayments by Census year
Housing loan repayment ranges20212016201120062001
Lowest group$0 to $1,232$0 to $1,212$0 to $1,205$0 to $852$0 to $616
Medium lowest$1,233 to $1,756$1,213 to $1,767$1,206 to $1,861$853 to $1,279$617 to $863
Medium highest$1,757 to $2,363$1,768 to $2,367$1,862 to $2,610$1,280 to $1,840$864 to $1,160
Highest group$2,364 and over$2,368 and over$2,611 and over$1,841 and over$1,161 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 Redland City compared to Greater Brisbane shows that there was a similar proportion of households in the highest repayment quartile, and a smaller proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Redland City decreased by 16,426 between 2006 and 2021. The most significant change in Redland City during this period was in the medium highest quartile which showed an increase of 2,458 households.

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