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Toowoomba Regional CouncilCommunity profile

Toowoomba

Housing loan quartiles

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In Toowoomba, the 'lowest group' was the largest quartile, comprising of 42% of households with mortgages in 2021.

Mortgage repayments in Toowoomba 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
Toowoomba - Households (Enumerated)20212016Change
Loan repayment quartile groupNumber%Regional QLD %Number%Regional QLD %2016 to 2021
Lowest group8,37542.329.26,19333.928.0+2,181
Medium lowest7,27036.726.16,90237.726.3+367
Medium highest2,84014.423.73,51619.224.0-676
Highest group1,2996.621.01,6749.221.7-375
Total households with stated mortgage repayments19,785100.0100.018,288100.0100.0+1,497
Source: Australian Bureau of Statistics, Census of Population and Housing 2016 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 Toowoomba compared to Regional QLD shows that there was a smaller proportion of households in the highest repayment quartile, and a larger proportion in the lowest repayment quartile.

Emerging groups

The total number of households with a mortgage in Toowoomba decreased by 18,288 between 2016 and 2021. The most significant change in Toowoomba during this period was in the lowest quartile which showed an increase of 2,181 households.

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