Monthly mortgage repayments up 38% to $1,800 per month since 2006: ABS census 2011

Median monthly mortgage payments increased by $500 between 2006 and 2011, representing a 38% increase over this time frame, according to the 2011 census.

This is lower than the 50% increase in weekly rental payments recorded between the two censuses.

The median monthly mortgage repayment in Australia was $1,800 in the 2011 census, compared with $1,300 in the 2006 census.

For 9.9% of households, their mortgage repayment was more than 30% of their income – the common definition of mortgage stress – up from 8.4% in the 2006 census.

Mortgage monthly repayments

Australia

%

2006

%

Median mortgage repayments

1,800

--

1,300

--

 

Households with mortgage repayments less than 30% of household income

--

90.1

--

91.6

Households with mortgage repayments greater than 30% of household income

--

9.9

--

8.4

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Comments

Be the first one to comment on this article
What would you like to say about this project?