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 Tarneit, accounting for 16.6% (1,471 households). This share was higher than Wyndham (C) (14.3%).
Section overview
Monthly housing loan repayments
Tarneit - Households (Enumerated)
This table summarises housing loan repayments for Tarneit in 2021 for persons, with comparison against Wyndham (C).
Chart view
Monthly housing loan repayments snapshot
2021 distribution by category for Tarneit, with comparison markers for Wyndham (C).
$299 or less
2021 count
229
% of total
2.6%
229
2.6%
$300 - $599
2021 count
124
% of total
1.4%
124
1.4%
$600 - $999
2021 count
258
% of total
2.9%
258
2.9%
$1,000 - $1,199
2021 count
241
% of total
2.7%
241
2.7%
$1,200 - $1,399
2021 count
481
% of total
5.4%
481
5.4%
$1,400 - $1,599
2021 count
762
% of total
8.6%
762
8.6%
$1,600-$1,799
2021 count
1,033
% of total
11.6%
1,033
11.6%
$1,800 - $1,999
2021 count
1,153
% of total
13.0%
1,153
13.0%
$2,000 - $2,199
2021 count
1,471
% of total
16.6%
1,471
16.6%
$2,200 - $2,399
2021 count
758
% of total
8.5%
758
8.5%
$2,400-$2,599
2021 count
526
% of total
5.9%
526
5.9%
$2,600-$2,999
2021 count
462
% of total
5.2%
462
5.2%
$3,000-$3,999
2021 count
462
% of total
5.2%
462
5.2%
$4,000-$4,999
2021 count
158
% of total
1.8%
158
1.8%
$5000 and over
2021 count
143
% of total
1.6%
143
1.6%
Not stated
2021 count
618
% of total
7.0%
618
7.0%
Data table
Housing loan repayments for Tarneit. Monthly housing loan repayments. 2021 counts and percentages compared with Wyndham (C).
| Category | 2021 count | 2021 % | Wyndham (C) % |
|---|---|---|---|
| $299 or less | 229 | 2.6% | 3.4% |
| $300 - $599 | 124 | 1.4% | 2.0% |
| $600 - $999 | 258 | 2.9% | 4.6% |
| $1,000 - $1,199 | 241 | 2.7% | 4.1% |
| $1,200 - $1,399 | 481 | 5.4% | 6.6% |
| $1,400 - $1,599 | 762 | 8.6% | 8.6% |
| $1,600-$1,799 | 1,033 | 11.6% | 10.4% |
| $1,800 - $1,999 | 1,153 | 13.0% | 9.9% |
| $2,000 - $2,199 | 1,471 | 16.6% | 14.3% |
| $2,200 - $2,399 | 758 | 8.5% | 7.2% |
| $2,400-$2,599 | 526 | 5.9% | 5.4% |
| $2,600-$2,999 | 462 | 5.2% | 6.1% |
| $3,000-$3,999 | 462 | 5.2% | 6.8% |
| $4,000-$4,999 | 158 | 1.8% | 2.0% |
| $5000 and over | 143 | 1.6% | 1.8% |
| Not stated | 618 | 7.0% | 6.7% |
| Total | 8,879 | 100.0% | 100.0% |