West Arnhem Regional Council LGA
Housing loan quartiles
In West Arnhem Regional Council LGA, the 'medium highest group' was the largest quartile, comprising of 42% of households with mortgages in 2021.
Mortgage repayments in West Arnhem Regional Council LGA 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.
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
| Housing loan quartiles | ||||||||
|---|---|---|---|---|---|---|---|---|
| West Arnhem Regional Council LGA - Households (Enumerated) | 2021 | 2016 | Change | |||||
| Loan repayment quartile group | Number | % | East Arnhem LGA - Nhulunbuy - Alyangula % | Number | % | East Arnhem LGA - Nhulunbuy - Alyangula % | 2016 to 2021 | |
| Lowest group | -- | -- | -- | -- | -- | 10.1 | -- | 34001 |
| Medium lowest | -- | -- | -- | -- | -- | 89.9 | -- | 34002 |
| Medium highest | -- | -- | -- | -- | -- | -- | -- | 34003 |
| Highest group | -- | -- | -- | -- | -- | -- | -- | 34004 |
| Total households with stated mortgage repayments | 12 | 100.0 | -- | 8 | 100.0 | 100.0 | +4 | |
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016 and 2021. Compiled and presented by .id (opens a new window)(informed decisions).
(Enumerated data)
| Housing loan - Quartile group dollar ranges | ||||||
|---|---|---|---|---|---|---|
| Calculated from loan repayment data for [theQBMQuartile] | Monthly housing loan repayments by Census year | |||||
| Housing loan repayment ranges | 2021 | 2016 | 2011 | 2006 | 2001 | |
| Lowest group | $0 to $1,402 | $0 to $1,467 | $0 to $1,352 | $0 to $951 | $0 to $733 | |
| Medium lowest | $1,403 to $2,007 | $1,468 to $2,126 | $1,353 to $2,040 | $952 to $1,322 | $734 to $1,000 | |
| Medium highest | $2,008 to $2,721 | $2,127 to $2,976 | $2,041 to $2,890 | $1,323 to $1,826 | $1,001 to $1,312 | |
| Highest group | $2,722 and over | $2,977 and over | $2,891 and over | $1,827 and over | $1,313 and over | |
Compiled and presented in profile.id by .id (informed decisions).
Compiled and presented in profile.id by .id (informed decisions).
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 West Arnhem Regional Council LGA compared to East Arnhem LGA - Nhulunbuy - Alyangula shows that there was a larger proportion of households in the highest repayment quartile, as well as a larger proportion in the lowest repayment quartile.