1380.0.55.012 - Perspectives on Regional Australia, Housing Arrangements - Homes Owned with a Mortgage in Local Government Areas, 2011  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 19/11/2013  First Issue
   Page tools: Print Print Page Print all pages in this productPrint All

TASMANIA


Homes owned with a mortgage

  • In 2011, the proportion of homes owned with a mortgage in Tasmania was 34.2%, compared with 34.9% for Australia.
  • The Local Government Area (LGA) with the highest proportion of homes owned with a mortgage in Tasmania was Sorell with 45.3%. Other LGAs with proportions of 40% or more were Brighton (42.9%) and Southern Midlands (41.5%). These three LGAs are all located north-east of Hobart.
  • In more than half of Tasmanian LGAs (18 out of 29) the proportion of homes owned with a mortgage was between 30 and 40%.
  • The LGA in Tasmania with the lowest proportion of homes owned with a mortgage was Flinders (21.1%). This LGA incorporates the islands north-east of Tasmania.

HOMES OWNED WITH A MORTGAGE(a), by Local Government Area, Tasmania, 2011

Map: Proportion of homes owned with a mortgage, by Local Government Area, Tasmania, 2011

(a) The number of occupied private dwellings which were owned with a mortgage or being purchased under a rent/buy scheme
by a member of the household, expressed as a proportion of total occupied private dwellings.
Excludes 'Visitor only' and 'Other non-classifiable' households.


Median monthly mortgage repayments over time

  • In Tasmania, the LGA with the fastest growth in median monthly mortgage repayments between 2006 and 2011 was George Town (71.4%), located in the north-east of the state.
  • The LGAs with the fastest growth in mortgage costs in Greater Hobart were Derwent Valley, in the south, and Clarence, in the east, both with 53.8%.
  • The LGAs with the fastest growth in mortgage costs in the rest of Tasmania were mainly located in the north and north west of the state, particularly around Devonport and Launceston.

FASTEST GROWTH IN MEDIAN MONTHLY MORTGAGE REPAYMENTS(a), by Local Government Area(b), Tasmania, 2006 and 2011

Local Government Area
Median Mortgage Repayment
Change

2006
($/month)
2011
($/month)
($)
(%)

Greater Hobart
Derwent Valley
780
1 200
420
53.8
Clarence
975
1 500
525
53.8
Glenorchy
867
1 322
455
52.5
Hobart
1 137
1 700
563
49.5
Sorrell
867
1 275
408
47.1
Rest of Tasmania
George Town
700
1 200
500
71.4
Southern Midlands
693
1 183
490
70.7
Kentish
719
1 127
408
56.7
Huon Valley
780
1 200
420
53.8
Waratah/Wynyard
780
1 192
412
52.8

(a) Applicable to occupied private dwellings which were owned with a mortgage or being purchased under a rent/buy scheme by a member of the household. Excludes 'Visitor only' and 'Other non-classifiable' households.
(b) LGAs with a total occupied private dwelling count under 500 dwellings in 2011 are excluded from this table.
Cells in this table have been randomly adjusted to avoid the release of confidential data.
Source: ABS Census of Population and Housing, 2006 and 2011.