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, $3,000-$3,999 was the most common mortgage repayment band among households with a mortgage in Essendon, accounting for 13.8% (348 households). This share was lower than Moonee Valley (C) (15.5%).
Section overview
Monthly housing loan repayments
Essendon - Households (Enumerated)
This table summarises housing loan repayments for Essendon in 2021 for persons, with comparison against Moonee Valley (C).
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Essendon, with comparison markers for Moonee Valley (C).
$299 or less
2021 count
137
% of total
5.4%
137
5.4%
$300 - $599
2021 count
69
% of total
2.7%
69
2.7%
$600 - $999
2021 count
120
% of total
4.8%
120
4.8%
$1,000 - $1,199
2021 count
92
% of total
3.6%
92
3.6%
$1,200 - $1,399
2021 count
132
% of total
5.2%
132
5.2%
$1,400 - $1,599
2021 count
132
% of total
5.2%
132
5.2%
$1,600-$1,799
2021 count
139
% of total
5.5%
139
5.5%
$1,800 - $1,999
2021 count
96
% of total
3.8%
96
3.8%
$2,000 - $2,199
2021 count
231
% of total
9.1%
231
9.1%
$2,200 - $2,399
2021 count
84
% of total
3.3%
84
3.3%
$2,400-$2,599
2021 count
104
% of total
4.1%
104
4.1%
$2,600-$2,999
2021 count
161
% of total
6.4%
161
6.4%
$3,000-$3,999
2021 count
348
% of total
13.8%
348
13.8%
$4,000-$4,999
2021 count
220
% of total
8.7%
220
8.7%
$5000 and over
2021 count
293
% of total
11.6%
293
11.6%
Not stated
2021 count
168
% of total
6.7%
168
6.7%
Data table
Housing loan repayments for Essendon. Monthly housing loan repayments. 2021 counts and percentages compared with Moonee Valley (C).
| Category | 2021 count | 2021 % | Moonee Valley (C) % |
|---|---|---|---|
| $299 or less | 137 | 5.4% | 5.4% |
| $300 - $599 | 69 | 2.7% | 2.8% |
| $600 - $999 | 120 | 4.8% | 4.8% |
| $1,000 - $1,199 | 92 | 3.6% | 4.3% |
| $1,200 - $1,399 | 132 | 5.2% | 5.0% |
| $1,400 - $1,599 | 132 | 5.2% | 5.3% |
| $1,600-$1,799 | 139 | 5.5% | 5.7% |
| $1,800 - $1,999 | 96 | 3.8% | 4.2% |
| $2,000 - $2,199 | 231 | 9.1% | 9.1% |
| $2,200 - $2,399 | 84 | 3.3% | 4.0% |
| $2,400-$2,599 | 104 | 4.1% | 4.2% |
| $2,600-$2,999 | 161 | 6.4% | 7.3% |
| $3,000-$3,999 | 348 | 13.8% | 15.5% |
| $4,000-$4,999 | 220 | 8.7% | 7.4% |
| $5000 and over | 293 | 11.6% | 7.9% |
| Not stated | 168 | 6.7% | 7.0% |
| Total | 2,526 | 100.0% | 100.0% |