$483 ▲ +34.2%
Higher than 90% of postcode areas.
- 2011: $360
- 2016: $420
- 2021: $483
Median weekly rent paid by households renting their home.
3162, VIC · Postcode
Housing & Dwellings in 3162, VIC
Where and how people live — the homes, how they are held, and what they cost.
Very high housing costs define postcode 3162, where typical mortgage payments and rents are among the highest for similar areas. The typical monthly mortgage is $2,798, which is well above the Victorian figure of $1,859. These steep costs sit alongside a housing mix that relies less on detached houses than most other parts of the country.
$483
▲ +34.2%
- $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 3162, VIC — higher than 90% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are $483, well above the national figure of $375. Home loan payments are also very high, with the typical monthly cost of $2,798 rising by $566 since 2011.
$2,798 ▲ +25.4%
Higher than 94% of postcode areas.
- 2011: $2,232
- 2016: $2,300
- 2021: $2,798
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3162, VIC, the largest group is $350–$549 at 40%, followed by $550–$749 (23%) and $200–$349 (17%).
Monthly mortgage distribution
View on map →In 3162, VIC, the largest group is $3,000 or more at 48%, followed by $1,800–$2,999 (25%) and $1,000–$1,799 (14%).
Owning & renting
How homes are owned or rented.
About 37% of homes are owned outright, which is well above the Victorian average of 32.2%. Renting is more common here than in most areas, with 27.8% of households renting, a figure that has barely changed since 2011.
27.8% ▲ +0.1%
Higher than 69% of postcode areas.
- 2011: 27.8%
- 2016: 29.5%
- 2021: 27.8%
Share of occupied private dwellings that are rented.
37.0% ▼ -4.9%
Lower than 57% of postcode areas.
- 2011: 38.9%
- 2016: 37.1%
- 2021: 37.0%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →3162, VIC splits fairly evenly between Owned outright (37%) and Owned with a mortgage (33%), with Rented at 28%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 49.9% of homes, which is far below the national figure of 72.3%. This shift is reflected in the number of larger homes; those with three or more bedrooms are much lower than most areas at 67.9%.
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.
49.9% ▼ -11.1%
Lower than 90% of postcode areas.
- 2011: 56.1%
- 2016: 49.9%
- 2021: 49.9%
Share of occupied private dwellings that are separate houses.
67.9% ▲ +4.0%
Lower than 79% of postcode areas.
- 2011: 65.3%
- 2016: 65.0%
- 2021: 67.9%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3162, VIC, the largest group is Separate house at 50%, followed by Townhouse / semi-detached (34%) and Flat or apartment (16%).
Bedrooms per home
View on map →In 3162, VIC, the largest group is 3 bedrooms at 38%, followed by 2 bedrooms (26%) and 4 bedrooms (24%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3162, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3162, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3162/3162-vic/topic/housing-dwellings