$486 ▲ +25.6%
Higher than 90% of postcode areas.
- 2011: $387
- 2016: $440
- 2021: $486
Median weekly rent paid by households renting their home.
3124, VIC · Postcode
Housing & Dwellings in 3124, VIC
Where and how people live — the homes, how they are held, and what they cost.
Typical home costs have climbed sharply in postcode 3124 since 2011, with monthly mortgage payments rising by $500 to reach $3,000. This is one of the most expensive areas for housing, where both rents and mortgage repayments are far above the national figure.
$486
▲ +25.6%
- $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 3124, VIC — higher than 90% of areas.
| 3124, VIC | $486 |
|---|---|
| Boroondara | $451 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
The typical weekly rent is $486, which is well above the $375 national figure. Monthly mortgage payments are also far above the Victorian average, with nearly half of households paying $3,000 or more per month.
$3,000 ▲ +20.0%
Higher than 97% of postcode areas.
- 2011: $2,500
- 2016: $2,500
- 2021: $3,000
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3124, VIC, the largest group is $350–$549 at 49%, followed by $550–$749 (20%) and $750 or more (19%).
Monthly mortgage distribution
View on map →In 3124, VIC, $3,000 or more is the majority at 52%; $1,800–$2,999 is next at 20%.
Owning & renting
How homes are owned or rented.
More people here own their homes outright than in most other areas, sitting far above the national figure at 42.5%. Meanwhile, the share of households renting has risen to 25.4%, though this remains well below the state and national rates.
25.4% ▲ +16.7%
Higher than 63% of postcode areas.
- 2011: 21.8%
- 2016: 26.2%
- 2021: 25.4%
Share of occupied private dwellings that are rented.
42.5% ▼ -5.7%
Higher than 60% of postcode areas.
- 2011: 45.0%
- 2016: 41.4%
- 2021: 42.5%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3124, VIC, the largest group is Owned outright at 42%, followed by Owned with a mortgage (29%) and Rented (25%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are far less common here than in the rest of Australia, falling to 60.1% since 2011. This is consistent with the area having a much lower share of three-bedroom-or-more homes compared to most other places.
0.80 ▼ -27.3%
Lower than 57% of postcode areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
60.1% ▼ -17.7%
Lower than 87% of postcode areas.
- 2011: 73.0%
- 2016: 60.8%
- 2021: 60.1%
Share of occupied private dwellings that are separate houses.
70.2% ▼ -2.8%
Lower than 75% of postcode areas.
- 2011: 72.2%
- 2016: 68.6%
- 2021: 70.2%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3124, VIC, Separate house is the majority at 60%; Townhouse / semi-detached is next at 22%.
Bedrooms per home
View on map →3124, VIC splits fairly evenly between 3 bedrooms (31%) and 4 bedrooms (28%), with 2 bedrooms at 26%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3124, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3124, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3124/3124-vic/topic/housing-dwellings