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2901.0 - Census Dictionary, 2011  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 23/05/2011   
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2011 Census Dictionary >> Glossary >> Mortgage Repayments (monthly) Dollar Values (MRED)

Mortgage Repayments (monthly) Dollar Values (MRED)

This variable records the mortgage repayments being paid by a household to purchase the dwelling in which they were enumerated on Census Night (also applicable to caravans).

The Census collects this information in single dollars up to $9,999. However, for practical purposes this information is recoded to a specific number of ranges for standard Census products. The ranges are listed as a derived variable, Mortgage Repayments (monthly) ranges (MRERD).

In 2011, Nil repayments is recorded as $0 in MRED and as a separate category called Nil repayments in MRERD. Prior to 2011 a response of nil was coded to 'Not stated'.

The data are important in analysis of home ownership and for providing benchmark data for evaluating housing needs, housing finance and housing demand.

See also Dwelling Structure (STRD), Household Composition (HHCD), Tenure Type (TEND).

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