$415 ▲ +16.9%
Higher than 82% of postcode areas.
- 2011: $355
- 2016: $396
- 2021: $415
Median weekly rent paid by households renting their home.
3123, VIC · Postcode
Housing & Dwellings in 3123, VIC
Where and how people live — the homes, how they are held, and what they cost.
Far fewer detached houses are found in postcode 3123 than in most other Victorian areas. This place is dominated by apartments and units, with a high proportion of people renting their homes. High housing costs are a key feature here, as typical mortgage payments and rents both sit well above the national figures.
$415
▲ +16.9%
- $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 3123, VIC — higher than 82% of areas.
| 3123, VIC | $415 |
|---|---|
| Boroondara | $451 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are among the highest at this level, at $2,500, which is well above the Victorian figure of $1,859. Weekly rents are also much higher than most areas, typically reaching $415.
$2,500 ▲ +4.2%
Higher than 90% of postcode areas.
- 2011: $2,400
- 2016: $2,358
- 2021: $2,500
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3123, VIC, $350–$549 is the majority at 51%; $200–$349 is next at 20%.
Monthly mortgage distribution
View on map →In 3123, VIC, the largest group is $3,000 or more at 43%, followed by $1,800–$2,999 (25%) and $1,000–$1,799 (21%).
Owning & renting
How homes are owned or rented.
Renting is far more common here than in the state average, with 39.9% of households renting. Meanwhile, homes owned outright are much lower than most areas, falling to 29.5% since 2011.
39.9% ▲ +3.9%
Higher than 87% of postcode areas.
- 2011: 38.4%
- 2016: 42.6%
- 2021: 39.9%
Share of occupied private dwellings that are rented.
29.5% ▼ -8.1%
Lower than 76% of postcode areas.
- 2011: 32.1%
- 2016: 27.9%
- 2021: 29.5%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3123, VIC, the largest group is Rented at 40%, followed by Owned outright (29%) and Owned with a mortgage (28%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are far below the national figure at only 33.1%, as nearly half of all homes are flats or apartments. Because homes with three or more bedrooms are so scarce, there are more people per bedroom than in most other areas.
0.90 ▼ -18.2%
Higher than 86% of postcode areas.
- 2011: 1.10
- 2016: 1.00
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
33.1% ▼ -20.4%
Lower than 94% of postcode areas.
- 2011: 41.5%
- 2016: 34.6%
- 2021: 33.1%
Share of occupied private dwellings that are separate houses.
45.2% ▼ -7.7%
Lower than 94% of postcode areas.
- 2011: 49.0%
- 2016: 44.9%
- 2021: 45.2%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3123, VIC, the largest group is Flat or apartment at 49%, followed by Separate house (33%) and Townhouse / semi-detached (18%).
Bedrooms per home
View on map →In 3123, VIC, the largest group is 2 bedrooms at 38%, followed by 3 bedrooms (25%) and 1 bedroom (15%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3123, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3123, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3123/3123-vic/topic/housing-dwellings