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City of WannerooCommunity profile

City of Wanneroo

Housing loan quartiles

Mortgage repayments in the City of Wanneroo 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.

Q:

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.)'

Housing loan - Quartile group dollar ranges
Calculated from loan repayment data for Western AustraliaMonthly housing loan repayments by Census year
Housing loan repayment ranges20212016201120062001
Lowest group$0 to $1,303$0 to $1,314$0 to $1,221$0 to $826$0 to $605
Medium lowest$1,304 to $1,851$1,315 to $1,995$1,222 to $1,969$827 to $1,241$606 to $855
Medium highest$1,852 to $2,501$1,996 to $2,685$1,970 to $2,786$1,242 to $1,791$856 to $1,161
Highest group$2,502 and over$2,686 and over$2,787 and over$1,792 and over$1,162 and over

NOTE: Not all elements on this page could be displayed due to insufficient data in City of Wanneroo for the selected variables. Try selecting alternate variables or contact us at demographics@id.com.au.

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