$300 ▲ +87.5%
Higher than 51% of postcode areas.
- 2011: $160
- 2016: $220
- 2021: $300
Median weekly rent paid by households renting their home.
3242, VIC · Postcode
Housing & Dwellings in 3242, VIC
Where and how people live — the homes, how they are held, and what they cost.
Far more people own their homes outright in postcode 3242 than in the rest of Victoria, where 42.4% of residents have no mortgage. This area is dominated by large, detached houses and has much lower rental rates than the national average. It is a place of stable ownership and spacious living.
$300
▲ +87.5%
- $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 3242, VIC — higher than 51% of areas.
| 3242, VIC | $300 |
|---|---|
| Colac Otway | $265 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
The typical weekly rent is $300, which is well below the national figure of $375. Meanwhile, the usual monthly home-loan payment is $1,517, a little below the Victorian average and up $109 since 2011.
$1,517 ▲ +7.7%
Lower than 53% of postcode areas.
- 2011: $1,408
- 2016: $1,490
- 2021: $1,517
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3242, VIC, $200–$349 is the majority at 72%; $350–$549 is next at 21%.
Monthly mortgage distribution
View on map →In 3242, VIC, the largest group is $1,000–$1,799 at 42%, followed by $1,800–$2,999 (29%) and Under $1,000 (19%).
Owning & renting
How homes are owned or rented.
Home ownership is very high here, with 42.4% of homes owned outright, far above the 31% national average. Conversely, only 15.2% of households are renting, which is far below the figures for both Victoria and Australia.
15.2% ▲ +1.0%
Lower than 71% of postcode areas.
- 2011: 15.0%
- 2016: 18.6%
- 2021: 15.2%
Share of occupied private dwellings that are rented.
42.4% ▼ -7.1%
Higher than 60% of postcode areas.
- 2011: 45.7%
- 2016: 41.6%
- 2021: 42.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →3242, VIC splits fairly evenly between Owned outright (42%) and Owned with a mortgage (39%), with Rented at 15%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Every single home in the area is a separate house, a figure far above the national average of 72.3%. These homes are typically large, with 78% having three or more bedrooms, which is well above the state and national averages.
0.80 ▼ -27.3%
Lower than 57% of postcode areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
100.0% ▲ +1.0%
Higher than 99% of postcode areas.
- 2011: 99.0%
- 2016: 98.8%
- 2021: 100.0%
Share of occupied private dwellings that are separate houses.
78.0% ▲ +3.3%
Lower than 52% of postcode areas.
- 2011: 75.5%
- 2016: 79.2%
- 2021: 78.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3242, VIC, Separate house is the majority at 100%.
Bedrooms per home
View on map →In 3242, VIC, the largest group is 3 bedrooms at 48%, followed by 4 bedrooms (25%) and 2 bedrooms (18%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3242, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3242, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3242/3242-vic/topic/housing-dwellings