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LEARN MORE ABOUT .idIn Victoria Daly Regional Council LGA, the 'lowest group' was the largest quartile, comprising of 78% of households with mortgages in 2006.
Mortgage repayments in Victoria Daly 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.
'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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Victoria Daly Regional Council LGA - Households (Enumerated) | 2006 | 2001 | Change | ||||
Loan repayment quartile group | Number | % | Tiwi Islands Regional Council LGA % | Number | % | Tiwi Islands Regional Council LGA % | 2001 to 2006 |
Lowest group | 35 | 77.9 | -- | 0 | -- | -- | +35 |
Medium lowest | 5 | 11.4 | 3.5 | 0 | -- | -- | +5 |
Medium highest | 4 | 10.7 | 96.5 | 0 | -- | -- | +5 |
Highest group | 0 | -- | -- | 3 | 100.0 | -- | -3 |
Total households with stated mortgage repayments | 45 | 100.0 | 100.0 | 3 | 100.0 | -- | +42 |
Housing loan - Quartile group dollar ranges | |||||
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Calculated from loan repayment data for Northern Territory | 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 |
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 Victoria Daly Regional Council LGA compared to Tiwi Islands Regional Council LGA shows that there was a similar 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 Victoria Daly Regional Council LGA decreased by 3 between 2001 and 2006. The most significant change in Victoria Daly Regional Council LGA during this period was in the lowest quartile which showed an increase of 35 households.
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