Analysis of the monthly housing loan repayments of households in Randwick City compared to SSROC region shows that there was a larger 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, 56.4% 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 Randwick City and SSROC region were:
- A larger percentage of $5000 and over (22.3% compared to 12.7%)
- A larger percentage of $4,000-$4,999 (11.4% compared to 9.9%)
- A smaller percentage of $2,000 - $2,199 (6.3% compared to 8.5%)
- A smaller percentage of $2,600-$2,999 (6.5% compared to 8.2%)