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, $1,200 - $1,399 was the most common mortgage repayment band among households with a mortgage in Sorell (M), accounting for 13.5% (383 households). This share was higher than Greater Hobart (11.3%).
Section overview
Monthly housing loan repayments
Sorell (M) - Households (Enumerated)
This table summarises housing loan repayments for Sorell (M) in 2021 for persons, with comparison against Greater Hobart.
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Sorell (M), with comparison markers for Greater Hobart.
$299 or less
2021 count
142
% of total
5.0%
142
5.0%
$300 - $599
2021 count
183
% of total
6.5%
183
6.5%
$600 - $999
2021 count
374
% of total
13.2%
374
13.2%
$1,000 - $1,199
2021 count
272
% of total
9.6%
272
9.6%
$1,200 - $1,399
2021 count
383
% of total
13.5%
383
13.5%
$1,400 - $1,599
2021 count
332
% of total
11.7%
332
11.7%
$1,600-$1,799
2021 count
302
% of total
10.7%
302
10.7%
$1,800 - $1,999
2021 count
207
% of total
7.3%
207
7.3%
$2,000 - $2,199
2021 count
224
% of total
7.9%
224
7.9%
$2,200 - $2,399
2021 count
60
% of total
2.1%
60
2.1%
$2,400-$2,599
2021 count
32
% of total
1.1%
32
1.1%
$2,600-$2,999
2021 count
76
% of total
2.7%
76
2.7%
$3,000-$3,999
2021 count
63
% of total
2.2%
63
2.2%
$4,000-$4,999
2021 count
25
% of total
0.9%
25
0.9%
$5000 and over
2021 count
13
% of total
0.5%
13
0.5%
Not stated
2021 count
144
% of total
5.1%
144
5.1%
Data table
Housing loan repayments for Sorell (M). Monthly housing loan repayments. 2021 counts and percentages compared with Greater Hobart.
| Category | 2021 count | 2021 % | Greater Hobart % |
|---|---|---|---|
| $299 or less | 142 | 5.0% | 5.1% |
| $300 - $599 | 183 | 6.5% | 5.1% |
| $600 - $999 | 374 | 13.2% | 11.4% |
| $1,000 - $1,199 | 272 | 9.6% | 9.1% |
| $1,200 - $1,399 | 383 | 13.5% | 11.3% |
| $1,400 - $1,599 | 332 | 11.7% | 10.0% |
| $1,600-$1,799 | 302 | 10.7% | 10.4% |
| $1,800 - $1,999 | 207 | 7.3% | 6.5% |
| $2,000 - $2,199 | 224 | 7.9% | 8.7% |
| $2,200 - $2,399 | 60 | 2.1% | 3.2% |
| $2,400-$2,599 | 32 | 1.1% | 1.9% |
| $2,600-$2,999 | 76 | 2.7% | 4.7% |
| $3,000-$3,999 | 63 | 2.2% | 4.9% |
| $4,000-$4,999 | 25 | 0.9% | 1.9% |
| $5000 and over | 13 | 0.5% | 1.4% |
| Not stated | 144 | 5.1% | 4.4% |
| Total | 2,832 | 100.0% | 100.0% |