South Gippsland Shire CouncilCommunity profile
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South Gippsland Shire

Housing loan repayments

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This topic has been updated with 2016 Census data for all areas. What's this?

In South Gippsland Shire, 9.2% of households with a mortgage were making high loan repayments of $2,600 or more per month in 2016.

Mortgage repayments are directly related to house prices in South Gippsland Shire, 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.

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

Monthly housing loan repayments
South Gippsland Shire - Households (Enumerated)2016
Monthly repayment amountNumber%Regional VIC %
$299 or less2607.05.4
$300 - $5992867.86.9
$600 - $99959016.015.8
$1,000 - $1,1993669.910.7
$1,200 - $1,39941211.211.8
$1,400 - $1,5993329.09.5
$1,600 - $1,7992958.09.3
$1,800 - $1,9991865.05.4
$2,000 - $2,1992466.77.4
$2,200 - $2,3991072.92.4
$2,400 - $2,599661.81.5
$2,600 - $2,9991163.13.4
$3,000 - $3,9991383.73.5
$4,000 - $4,999350.91.1
$5,000 and over491.31.0
Not stated2055.64.9

Source: Australian Bureau of Statistics, Census of Population and Housing 2016. Compiled and presented in profile.id by .id , the population experts.

Monthly housing loan repayments, 2016
Monthly housing loan repayments, 2016 $5,000 and over, Regional VIC: 1.0% $4,000 - $4,999, Regional VIC: 1.1% $3,000 - $3,999, Regional VIC: 3.5% $2,600 - $2,999, Regional VIC: 3.4% $2,400 - $2,599, Regional VIC: 1.5% $2,200 - $2,399, Regional VIC: 2.4% $2,000 - $2,199, Regional VIC: 7.4% $1,800 - $1,999, Regional VIC: 5.4% $1,600 - $1,799, Regional VIC: 9.3% $1,400 - $1,599, Regional VIC: 9.5% $1,200 - $1,399, Regional VIC: 11.8% $1,000 - $1,199, Regional VIC: 10.7% $600 - $999, Regional VIC: 15.8% $300 - $599, Regional VIC: 6.9% $299 or less, Regional VIC: 5.4% $5,000 and over, South Gippsland Shire: 1.3% $4,000 - $4,999, South Gippsland Shire: 0.9% $3,000 - $3,999, South Gippsland Shire: 3.7% $2,600 - $2,999, South Gippsland Shire: 3.1% $2,400 - $2,599, South Gippsland Shire: 1.8% $2,200 - $2,399, South Gippsland Shire: 2.9% $2,000 - $2,199, South Gippsland Shire: 6.7% $1,800 - $1,999, South Gippsland Shire: 5.0% $1,600 - $1,799, South Gippsland Shire: 8.0% $1,400 - $1,599, South Gippsland Shire: 9.0% $1,200 - $1,399, South Gippsland Shire: 11.2% $1,000 - $1,199, South Gippsland Shire: 9.9% $600 - $999, South Gippsland Shire: 16.0% $300 - $599, South Gippsland Shire: 7.8% $299 or less, South Gippsland Shire: 7.0%
Source: Australian Bureau of Statistics, Census of Population and Housing, 2016 (Enumerated data)
Compiled and presented in profile.id by .id, the population experts.

Dominant groups

Analysis of the monthly housing loan repayments of households in South Gippsland Shire compared to Regional VIC shows that there was a similar proportion of households paying high mortgage repayments ($2,600 per month or more), and a larger proportion of households with low mortgage repayments (less than $1,200 per month).

Overall, 9.2% of households were paying high mortgage repayments, and 40.7% were paying low repayments, compared with 9.0% and 38.8% respectively in Regional VIC.

The major differences between the household loan repayments of South Gippsland Shire and Regional VIC were:

  • A larger percentage of $299 or less (7.0% compared to 5.4%)
  • A smaller percentage of $1,600 - $1,799 (8.0% compared to 9.3%)
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