Powered by .id (informed decisions) for City of Sydney
.id community is an evidence base for over 250 local government areas in Australia and New Zealand, helping you make informed decisions.
LEARN MORE ABOUT .idIn Redfern Street Village Area, 49.1% of households with a mortgage were making high loan repayments of $2,600 or more per month in 2021.
Mortgage repayments are directly related to house prices in Redfern Street Village Area, 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.
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.
Further reading: How can Councils influence affordable housing.
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.)'
| Monthly housing loan repayments | |||
|---|---|---|---|
| Redfern Street Village Area - Households (Enumerated) | 2021 | ||
| Monthly repayment amount | Number | % | City of Sydney % |
| $299 or less | 116 | 5.7 | 5.3 |
| $300 - $599 | 39 | 1.9 | 1.6 |
| $600 - $999 | 67 | 3.3 | 3.3 |
| $1,000 - $1,199 | 45 | 2.2 | 2.8 |
| $1,200 - $1,399 | 70 | 3.4 | 3.3 |
| $1,400 - $1,599 | 84 | 4.1 | 3.3 |
| $1,600-$1,799 | 79 | 3.9 | 3.6 |
| $1,800 - $1,999 | 71 | 3.5 | 3.3 |
| $2,000 - $2,199 | 181 | 8.8 | 8.2 |
| $2,200 - $2,399 | 78 | 3.8 | 3.9 |
| $2,400-$2,599 | 100 | 4.9 | 5.0 |
| $2,600-$2,999 | 180 | 8.8 | 8.7 |
| $3,000-$3,999 | 376 | 18.4 | 18.5 |
| $4,000-$4,999 | 210 | 10.3 | 10.1 |
| $5000 and over | 239 | 11.7 | 13.4 |
| Not stated | 111 | 5.4 | 5.5 |
| Total | 2,046 | 100.0 | 100.0 |
Dominant groups
Analysis of the monthly housing loan repayments of households in Redfern Street Village Area compared to the City of Sydney shows that there was a smaller proportion of households paying high mortgage repayments ($2,600 per month or more), and a similar proportion of households with low mortgage repayments (less than $1,200 per month).
Overall, 49.1% of households were paying high mortgage repayments, and 13.0% were paying low repayments, compared with 50.8% and 13.0% respectively in the City of Sydney.
The major difference between the household loan repayments of Redfern Street Village Area and the City of Sydney is:
- A smaller percentage of $5000 and over (11.7% compared to 13.4%)
DISCLAIMER: While all due care has been taken to ensure that the content of this website is accurate and current, there may be errors or omissions in it and no legal responsibility is accepted for the information and opinions in this website.
Please view our Privacy Policy, Terms of use and Legal notices.
ABS Data and the copyright in the ABS Data remains the property of the Australian Bureau of Statistics. The copyright in the way .id has modified, transformed or reconfigured the ABS Data as published on this website remains the property of .id. ABS Data can be accessed from the Australian Bureau of Statistics at www.abs.gov.au. ABS data can be used under license - terms published on ABS website. intermediary.management@abs.gov.au if you have any queries or wish to distribute any ABS data.