3240, VIC · Postcode

Housing & Dwellings in 3240, VIC

Where and how people live — the homes, how they are held, and what they cost.

Almost every home in postcode 3240 is a separate house, with 99.6% of dwellings being detached. This makes the area stand out for its large homes and high rates of outright ownership. While rents remain slightly below the national figure, mortgage repayments here are much higher than in most other areas.

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📍 3240, VIC, Postcode

Where 3240, VIC sits — Median rent (weekly)

$330 ▲ +120.0%
  • $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 3240, VIC — higher than 59% of areas.

Median rent (weekly) compared with the state and national average
3240, VIC$330
Surf Coast $461
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical monthly mortgage payments are $2,119, which is a little above the national figure and has risen by $602 since 2011. In contrast, the usual weekly rent is $330, a little below the figures for Victoria and Australia.

$330 ▲ +120.0%

Higher than 59% of postcode areas.

  • 2011: $150
  • 2016: $260
  • 2021: $330

Median weekly rent paid by households renting their home.

$2,119 ▲ +39.7%

Higher than 81% of postcode areas.

  • 2011: $1,517
  • 2016: $1,772
  • 2021: $2,119

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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3240, VIC splits fairly evenly between $200–$349 (33%) and $350–$549 (33%), with $550–$749 at 20%.

Monthly mortgage distribution

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In 3240, VIC, the largest group is $1,800–$2,999 at 39%, followed by $1,000–$1,799 (25%) and $3,000 or more (24%).

Owning & renting

How homes are owned or rented.

Ownership is very common in postcode 3240, where 43% of homes are owned outright—far above the national figure of 31%. Very few people rent here, at just 7.5%, which is far below the average for Victoria and Australia.

7.5% ▼ -7.7%

Lower than 93% of postcode areas.

  • 2011: 8.1%
  • 2016: 7.4%
  • 2021: 7.5%

Share of occupied private dwellings that are rented.

43.0% ▲ +11.9%

Higher than 62% of postcode areas.

  • 2011: 38.5%
  • 2016: 42.6%
  • 2021: 43.0%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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3240, VIC splits fairly evenly between Owned with a mortgage (47%) and Owned outright (43%), with Rented at 7%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Large family homes dominate the landscape, with 89.6% of dwellings having three or more bedrooms. This is far above the national average, and the vast majority of these are separate houses.

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.

99.6% ▼ -0.4%

Higher than 94% of postcode areas.

  • 2011: 100.0%
  • 2016: 98.8%
  • 2021: 99.6%

Share of occupied private dwellings that are separate houses.

89.6% ▼ -1.4%

Higher than 87% of postcode areas.

  • 2011: 90.9%
  • 2016: 90.4%
  • 2021: 89.6%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In 3240, VIC, Separate house is the majority at 99%; Flat or apartment is next at 1%.

Bedrooms per home

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3240, VIC splits fairly evenly between 4 bedrooms (41%) and 3 bedrooms (40%), with 5 or more at 11%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for 3240, VIC

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in 3240, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3240/3240-vic/topic/housing-dwellings