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LEARN MORE ABOUT .idIn Lutana - Derwent Park, the 'medium highest group' was the largest quartile, comprising of 29% of households with mortgages in 2021.
Mortgage repayments in Lutana - Derwent Park 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.
'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'
Housing loan quartiles | |||||||
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Lutana - Derwent Park - Households (Enumerated) | 2021 | 2016 | Change | ||||
Loan repayment quartile group | Number | % | Glenorchy City % | Number | % | Glenorchy City % | 2016 to 2021 |
Lowest group | 104 | 26.6 | 21.6 | 95 | 26.2 | 22.7 | +9 |
Medium lowest | 104 | 26.7 | 27.9 | 111 | 30.5 | 27.7 | -7 |
Medium highest | 112 | 28.8 | 30.2 | 121 | 33.3 | 30.6 | -9 |
Highest group | 69 | 17.8 | 20.2 | 36 | 10.1 | 19.0 | +33 |
Total households with stated mortgage repayments | 391 | 100.0 | 100.0 | 365 | 100.0 | 100.0 | +26 |
Housing loan - Quartile group dollar ranges | |||||
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Calculated from loan repayment data for Tasmania | Monthly housing loan repayments by Census year | ||||
Housing loan repayment ranges | 2021 | 2016 | 2011 | 2006 | 2001 |
Lowest group | $0 to $919 | $0 to $848 | $0 to $847 | $0 to $580 | $0 to $442 |
Medium lowest | $920 to $1,357 | $849 to $1,300 | $848 to $1,315 | $581 to $898 | $443 to $618 |
Medium highest | $1,358 to $1,875 | $1,301 to $1,773 | $1,316 to $1,844 | $899 to $1,294 | $619 to $850 |
Highest group | $1,876 and over | $1,774 and over | $1,845 and over | $1,295 and over | $851 and over |
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 Lutana - Derwent Park compared to Glenorchy City shows that there was a smaller proportion of households in the highest repayment quartile, and a larger proportion in the lowest repayment quartile.
The total number of households with a mortgage in Lutana - Derwent Park decreased by 365 between 2016 and 2021. The most significant change in Lutana - Derwent Park during this period was in the highest quartile which showed an increase of 33 households.
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