Analysis of the monthly housing loan repayments of households in Cook (S) compared to Regional QLD shows that there was a smaller 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, 7.7% of households were paying high mortgage repayments, and 40.8% were paying low repayments, compared with 16.4% and 25.8% respectively in Regional QLD.
The major differences between the household loan repayments of Cook (S) and Regional QLD were:
- A larger percentage of $600 - $999 (15.6% compared to 9.8%)
- A larger percentage of $299 or less (9.2% compared to 4.6%)
- A smaller percentage of $3,000-$3,999 (2.1% compared to 6.3%)
- A smaller percentage of $1,600-$1,799 (6.7% compared to 9.8%)