Housing
Housing loan repayments
About this topic
Housing loan repayments show the monthly mortgage repayment amounts reported by households with a mortgage. They provide a snapshot of housing costs for owner-purchasing households.
This topic can help indicate repayment pressure and possible housing stress when read with household income, but raw repayment amounts are not directly comparable over time because of inflation, interest rate movements, and changing loan conditions. The 2021 data also predates the interest rate rises that began in May 2022, so it should be interpreted with care.
Interpretation notes
- This topic applies only to households with a mortgage and records monthly repayments for the dwelling in which they were counted on Census night.
- Raw repayment amounts are not directly comparable over time because inflation, interest rates, and loan conditions change.
- The 2021 Census pre-dates the Reserve Bank rate rises that began in May 2022, so current repayment pressure may be higher than the Census snapshot suggests.
Key insight
In 2021, $2,000 - $2,199 was the most common mortgage repayment band among households with a mortgage in Carrum Downs, accounting for 12.7% (504 households). This share was higher than Frankston (C) (11.7%).
Section overview
Monthly housing loan repayments
Carrum Downs - Households (Enumerated)
This table summarises housing loan repayments for Carrum Downs in 2021 for persons, with comparison against Frankston (C).
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Carrum Downs, with comparison markers for Frankston (C).
$299 or less
2021 count
129
% of total
3.3%
129
3.3%
$300 - $599
2021 count
124
% of total
3.1%
124
3.1%
$600 - $999
2021 count
302
% of total
7.6%
302
7.6%
$1,000 - $1,199
2021 count
298
% of total
7.5%
298
7.5%
$1,200 - $1,399
2021 count
370
% of total
9.3%
370
9.3%
$1,400 - $1,599
2021 count
382
% of total
9.6%
382
9.6%
$1,600-$1,799
2021 count
462
% of total
11.7%
462
11.7%
$1,800 - $1,999
2021 count
383
% of total
9.7%
383
9.7%
$2,000 - $2,199
2021 count
504
% of total
12.7%
504
12.7%
$2,200 - $2,399
2021 count
221
% of total
5.6%
221
5.6%
$2,400-$2,599
2021 count
140
% of total
3.5%
140
3.5%
$2,600-$2,999
2021 count
193
% of total
4.9%
193
4.9%
$3,000-$3,999
2021 count
143
% of total
3.6%
143
3.6%
$4,000-$4,999
2021 count
40
% of total
1.0%
40
1.0%
$5000 and over
2021 count
27
% of total
0.7%
27
0.7%
Not stated
2021 count
246
% of total
6.2%
246
6.2%
Data table
Housing loan repayments for Carrum Downs. Monthly housing loan repayments. 2021 counts and percentages compared with Frankston (C).
| Category | 2021 count | 2021 % | Frankston (C) % |
|---|---|---|---|
| $299 or less | 129 | 3.3% | 4.2% |
| $300 - $599 | 124 | 3.1% | 3.5% |
| $600 - $999 | 302 | 7.6% | 7.4% |
| $1,000 - $1,199 | 298 | 7.5% | 5.8% |
| $1,200 - $1,399 | 370 | 9.3% | 7.5% |
| $1,400 - $1,599 | 382 | 9.6% | 8.0% |
| $1,600-$1,799 | 462 | 11.7% | 9.3% |
| $1,800 - $1,999 | 383 | 9.7% | 7.5% |
| $2,000 - $2,199 | 504 | 12.7% | 11.7% |
| $2,200 - $2,399 | 221 | 5.6% | 5.6% |
| $2,400-$2,599 | 140 | 3.5% | 4.2% |
| $2,600-$2,999 | 193 | 4.9% | 7.2% |
| $3,000-$3,999 | 143 | 3.6% | 7.7% |
| $4,000-$4,999 | 40 | 1.0% | 2.3% |
| $5000 and over | 27 | 0.7% | 1.7% |
| Not stated | 246 | 6.2% | 6.2% |
| Total | 3,964 | 100.0% | 100.0% |