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 Mernda, accounting for 14.7% (611 households). This share was higher than Whittlesea (C) (13.5%).
Section overview
Monthly housing loan repayments
Mernda - Households (Enumerated)
This table summarises housing loan repayments for Mernda in 2021 for persons, with comparison against Whittlesea (C).
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Mernda, with comparison markers for Whittlesea (C).
$299 or less
2021 count
94
% of total
2.3%
94
2.3%
$300 - $599
2021 count
93
% of total
2.2%
93
2.2%
$600 - $999
2021 count
170
% of total
4.1%
170
4.1%
$1,000 - $1,199
2021 count
158
% of total
3.8%
158
3.8%
$1,200 - $1,399
2021 count
278
% of total
6.7%
278
6.7%
$1,400 - $1,599
2021 count
380
% of total
9.1%
380
9.1%
$1,600-$1,799
2021 count
458
% of total
11.0%
458
11.0%
$1,800 - $1,999
2021 count
457
% of total
11.0%
457
11.0%
$2,000 - $2,199
2021 count
611
% of total
14.7%
611
14.7%
$2,200 - $2,399
2021 count
310
% of total
7.5%
310
7.5%
$2,400-$2,599
2021 count
204
% of total
4.9%
204
4.9%
$2,600-$2,999
2021 count
278
% of total
6.7%
278
6.7%
$3,000-$3,999
2021 count
277
% of total
6.7%
277
6.7%
$4,000-$4,999
2021 count
94
% of total
2.3%
94
2.3%
$5000 and over
2021 count
61
% of total
1.5%
61
1.5%
Not stated
2021 count
234
% of total
5.6%
234
5.6%
Data table
Housing loan repayments for Mernda. Monthly housing loan repayments. 2021 counts and percentages compared with Whittlesea (C).
| Category | 2021 count | 2021 % | Whittlesea (C) % |
|---|---|---|---|
| $299 or less | 94 | 2.3% | 3.9% |
| $300 - $599 | 93 | 2.2% | 2.8% |
| $600 - $999 | 170 | 4.1% | 5.5% |
| $1,000 - $1,199 | 158 | 3.8% | 4.9% |
| $1,200 - $1,399 | 278 | 6.7% | 6.5% |
| $1,400 - $1,599 | 380 | 9.1% | 8.1% |
| $1,600-$1,799 | 458 | 11.0% | 10.0% |
| $1,800 - $1,999 | 457 | 11.0% | 8.8% |
| $2,000 - $2,199 | 611 | 14.7% | 13.5% |
| $2,200 - $2,399 | 310 | 7.5% | 6.6% |
| $2,400-$2,599 | 204 | 4.9% | 4.9% |
| $2,600-$2,999 | 278 | 6.7% | 6.6% |
| $3,000-$3,999 | 277 | 6.7% | 6.9% |
| $4,000-$4,999 | 94 | 2.3% | 2.4% |
| $5000 and over | 61 | 1.5% | 1.8% |
| Not stated | 234 | 5.6% | 7.0% |
| Total | 4,157 | 100.0% | 100.0% |