Central Coast Council area
Housing loan repayments
In Central Coast Council area, 26.2% 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 Central Coast Council 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.
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 | |||||||
|---|---|---|---|---|---|---|---|
| Central Coast Council area - Households (Enumerated) | 2021 | ||||||
| Monthly repayment amount | Number | % | Northern Lakes District % | ||||
| $299 or less | 1,952 | 4.3 | 5.0 | 23020 | |||
| $300 - $599 | 1,438 | 3.2 | 3.5 | 23021 | |||
| $600 - $999 | 2,832 | 6.3 | 8.1 | 23022 | |||
| $1,000 - $1,199 | 2,030 | 4.5 | 5.2 | 23023 | |||
| $1,200 - $1,399 | 2,812 | 6.2 | 8.2 | 23024 | |||
| $1,400 - $1,599 | 3,016 | 6.7 | 8.5 | 23025 | |||
| $1,600-$1,799 | 3,884 | 8.6 | 11.6 | 23026 | |||
| $1,800 - $1,999 | 2,986 | 6.6 | 8.2 | 23027 | |||
| $2,000 - $2,199 | 5,082 | 11.3 | 12.0 | 23028 | |||
| $2,200 - $2,399 | 2,644 | 5.9 | 5.0 | 23029 | |||
| $2,400-$2,599 | 1,937 | 4.3 | 2.6 | 23030 | |||
| $2,600-$2,999 | 4,324 | 9.6 | 7.7 | 23031 | |||
| $3,000-$3,999 | 4,635 | 10.3 | 5.4 | 23032 | |||
| $4,000-$4,999 | 1,656 | 3.7 | 1.3 | 23033 | |||
| $5000 and over | 1,167 | 2.6 | 0.5 | 23034 | |||
| Not stated | 2,638 | 5.9 | 7.1 | 23035 | |||
| Total | 45,033 | 100.0 | 100.0 | ||||
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2021. Compiled and presented in profile.id by .id (opens a new window)(informed decisions).
(Enumerated data)
Compiled and presented in profile.id by .id (informed decisions).
Dominant groups
Analysis of the monthly housing loan repayments of households in Central Coast Council area compared to Northern Lakes District shows that there was a larger proportion of households paying high mortgage repayments ($2,600 per month or more), and a smaller proportion of households with low mortgage repayments (less than $1,200 per month).
Overall, 26.2% of households were paying high mortgage repayments, and 18.3% were paying low repayments, compared with 14.9% and 21.9% respectively in Northern Lakes District.
The major differences between the household loan repayments of Central Coast Council area and Northern Lakes District were:
- A larger percentage of $3,000-$3,999 (10.3% compared to 5.4%)
- A larger percentage of $4,000-$4,999 (3.7% compared to 1.3%)
- A larger percentage of $5000 and over (2.6% compared to 0.5%)
- A smaller percentage of $1,600-$1,799 (8.6% compared to 11.6%)