$120 ▲ +16.5%
Lower than 94% of postcode areas.
- 2011: $103
- 2016: $125
- 2021: $120
Median weekly rent paid by households renting their home.
3423, VIC · Postcode
Housing & Dwellings in 3423, VIC
Where and how people live — the homes, how they are held, and what they cost.
Much lower housing costs have become a hallmark of postcode 3423 since 2011. The area is now dominated by homeowners, with nearly 60% of residents owning their place outright. This stability is reflected in a housing market where almost every home is a separate house and costs remain far below state and national figures.
$120
▲ +16.5%
- $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 3423, VIC — lower than 94% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments have fallen to $433, while weekly rent has risen slightly to $120. Both figures are far below the Victorian and Australian averages, with 100% of renters paying under $200 a week.
$433 ▼ -33.4%
Lower than 99% of postcode areas.
- 2011: $650
- 2016: $433
- 2021: $433
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3423, VIC, Under $200 is the majority at 100%.
Monthly mortgage distribution
View on map →In 3423, VIC, Under $1,000 is the majority at 100%.
Owning & renting
How homes are owned or rented.
Home ownership is very high here, as 59.3% of people own their home outright, a figure far above the national average. Meanwhile, the share of households renting has fallen to 9.6%, which is much lower than most other areas.
9.6% ▼ -42.1%
Lower than 89% of postcode areas.
- 2011: 16.5%
- 2016: 16.5%
- 2021: 9.6%
Share of occupied private dwellings that are rented.
59.3% ▲ +11.9%
Higher than 96% of postcode areas.
- 2011: 53.0%
- 2016: 56.0%
- 2021: 59.3%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3423, VIC, Owned outright is the majority at 60%; Owned with a mortgage is next at 23%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 97.6% of all homes, a proportion far above the state and national figures. Although 72.7% of homes have three or more bedrooms, the number of people per bedroom has moved down to 0.70 since 2011.
0.70 ▼ -36.4%
Lower than 86% of postcode areas.
- 2011: 1.10
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
97.6% ▲ +1.1%
Higher than 78% of postcode areas.
- 2011: 96.5%
- 2016: 45.5%
- 2021: 97.6%
Share of occupied private dwellings that are separate houses.
72.7% ▼ -1.5%
Lower than 70% of postcode areas.
- 2011: 73.8%
- 2016: 68.5%
- 2021: 72.7%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3423, VIC, Separate house is the majority at 100%.
Bedrooms per home
View on map →In 3423, VIC, 3 bedrooms is the majority at 51%; 4 bedrooms is next at 20%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3423, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3423, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3423/3423-vic/topic/housing-dwellings