Analysis of the monthly housing loan repayments of households in Bayside Council area compared to SSROC region shows that there was a smaller proportion of households paying high mortgage repayments ($2,600 per month or more), and a similar proportion of households with low mortgage repayments (less than $1,200 per month).
Overall, 42.9% of households were paying high mortgage repayments, and 13.7% were paying low repayments, compared with 48.1% and 13.9% respectively in SSROC region.
The major differences between the household loan repayments of Bayside Council area and SSROC region were:
- A larger percentage of $2,200 - $2,399 (5.1% compared to 3.9%)
- A larger percentage of $2,600-$2,999 (9.3% compared to 8.2%)
- A larger percentage of $2,000 - $2,199 (9.6% compared to 8.5%)
- A smaller percentage of $5000 and over (7.8% compared to 12.7%)