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 Frankston, accounting for 11.3% (560 households). This share was lower than Frankston (C) (11.7%).
Section overview
Monthly housing loan repayments
Frankston - Households (Enumerated)
This table summarises housing loan repayments for Frankston in 2021 for persons, with comparison against Frankston (C).
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Frankston, with comparison markers for Frankston (C).
$299 or less
2021 count
235
% of total
4.7%
235
4.7%
$300 - $599
2021 count
196
% of total
3.9%
196
3.9%
$600 - $999
2021 count
407
% of total
8.2%
407
8.2%
$1,000 - $1,199
2021 count
316
% of total
6.4%
316
6.4%
$1,200 - $1,399
2021 count
428
% of total
8.6%
428
8.6%
$1,400 - $1,599
2021 count
478
% of total
9.6%
478
9.6%
$1,600-$1,799
2021 count
463
% of total
9.3%
463
9.3%
$1,800 - $1,999
2021 count
419
% of total
8.4%
419
8.4%
$2,000 - $2,199
2021 count
560
% of total
11.3%
560
11.3%
$2,200 - $2,399
2021 count
289
% of total
5.8%
289
5.8%
$2,400-$2,599
2021 count
194
% of total
3.9%
194
3.9%
$2,600-$2,999
2021 count
297
% of total
6.0%
297
6.0%
$3,000-$3,999
2021 count
257
% of total
5.2%
257
5.2%
$4,000-$4,999
2021 count
81
% of total
1.6%
81
1.6%
$5000 and over
2021 count
52
% of total
1.0%
52
1.0%
Not stated
2021 count
300
% of total
6.0%
300
6.0%
Data table
Housing loan repayments for Frankston. Monthly housing loan repayments. 2021 counts and percentages compared with Frankston (C).
| Category | 2021 count | 2021 % | Frankston (C) % |
|---|---|---|---|
| $299 or less | 235 | 4.7% | 4.2% |
| $300 - $599 | 196 | 3.9% | 3.5% |
| $600 - $999 | 407 | 8.2% | 7.4% |
| $1,000 - $1,199 | 316 | 6.4% | 5.8% |
| $1,200 - $1,399 | 428 | 8.6% | 7.5% |
| $1,400 - $1,599 | 478 | 9.6% | 8.0% |
| $1,600-$1,799 | 463 | 9.3% | 9.3% |
| $1,800 - $1,999 | 419 | 8.4% | 7.5% |
| $2,000 - $2,199 | 560 | 11.3% | 11.7% |
| $2,200 - $2,399 | 289 | 5.8% | 5.6% |
| $2,400-$2,599 | 194 | 3.9% | 4.2% |
| $2,600-$2,999 | 297 | 6.0% | 7.2% |
| $3,000-$3,999 | 257 | 5.2% | 7.7% |
| $4,000-$4,999 | 81 | 1.6% | 2.3% |
| $5000 and over | 52 | 1.0% | 1.7% |
| Not stated | 300 | 6.0% | 6.2% |
| Total | 4,972 | 100.0% | 100.0% |