$385 ▲ +28.3%
Higher than 74% of postcode areas.
- 2011: $300
- 2016: $343
- 2021: $385
Median weekly rent paid by households renting their home.
3040, VIC · Postcode
Housing & Dwellings in 3040, VIC
Where and how people live — the homes, how they are held, and what they cost.
A typical monthly mortgage payment of $2,383 makes housing in postcode 3040 much more expensive than in most areas. This high cost of ownership is matched by a high number of renters, with about a third of all households renting their homes.
$385
▲ +28.3%
- $0–$21: 2 areas
- $21–$43: 7 areas
- $43–$64: 16 areas
- $64–$86: 26 areas
- $86–$107: 46 areas
- $107–$129: 61 areas
- $129–$150: 47 areas
- $150–$171: 171 areas
- $171–$193: 114 areas
- $193–$214: 200 areas
- $214–$236: 158 areas
- $236–$257: 184 areas
- $257–$279: 120 areas
- $279–$300: 112 areas
- $300–$321: 226 areas
- $321–$343: 117 areas
- $343–$364: 171 areas
- $364–$386: 161 areas
- $386–$407: 165 areas
- $407–$429: 127 areas
- $429–$450: 58 areas
- $450–$471: 102 areas
- $471–$493: 45 areas
- $493–$514: 38 areas
- $514–$536: 20 areas
- $536–$557: 26 areas
- $557–$579: 13 areas
- $579–$600: 74 areas
All postcode areas, 2021. The marker is 3040, VIC — higher than 74% of areas.
| 3040, VIC | $385 |
|---|---|
| Moonee Valley | $386 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are well above the Victorian figure of $1,859, rising by $216 since 2011. Weekly rents are higher than most areas, though at $385 they are about the same as the state and national figures.
$2,383 ▲ +10.0%
Higher than 88% of postcode areas.
- 2011: $2,167
- 2016: $2,167
- 2021: $2,383
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3040, VIC, the largest group is $350–$549 at 49%, followed by $200–$349 (30%) and $550–$749 (11%).
Monthly mortgage distribution
View on map →In 3040, VIC, the largest group is $3,000 or more at 38%, followed by $1,800–$2,999 (28%) and $1,000–$1,799 (20%).
Owning & renting
How homes are owned or rented.
Renting is much more common here than in most areas, making up 33.2% of households. Meanwhile, the share of homes owned outright has fallen to 33.5% since 2011.
33.2% ▲ +6.6%
Higher than 78% of postcode areas.
- 2011: 31.1%
- 2016: 34.3%
- 2021: 33.2%
Share of occupied private dwellings that are rented.
33.5% ▼ -10.0%
Lower than 67% of postcode areas.
- 2011: 37.2%
- 2016: 34.0%
- 2021: 33.5%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →3040, VIC splits fairly evenly between Owned outright (34%) and Rented (33%), with Owned with a mortgage at 31%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses are far less common here than across Australia, and the share of homes with three or more bedrooms is also far below the national figure. This shift is reflected in the 28.7% of homes that are flats or apartments.
0.90 ▼ -18.2%
Higher than 86% of postcode areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
50.8% ▼ -19.0%
Lower than 90% of postcode areas.
- 2011: 62.7%
- 2016: 52.9%
- 2021: 50.8%
Share of occupied private dwellings that are separate houses.
61.0% ▼ -2.7%
Lower than 87% of postcode areas.
- 2011: 62.7%
- 2016: 60.8%
- 2021: 61.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3040, VIC, Separate house is the majority at 51%; Flat or apartment is next at 29%.
Bedrooms per home
View on map →3040, VIC splits fairly evenly between 3 bedrooms (34%) and 2 bedrooms (29%), with 4 bedrooms at 22%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3040, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3040, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3040/3040-vic/topic/housing-dwellings