$273 ▲ +127.5%
Lower than 56% of postcode areas.
- 2011: $120
- 2016: $166
- 2021: $273
Median weekly rent paid by households renting their home.
3723, VIC · Postcode
Housing & Dwellings in 3723, VIC
Where and how people live — the homes, how they are held, and what they cost.
Over half of all homes in postcode 3723 are owned outright, which is far above the national figure. This makes the area's housing market much more affordable than most, with both rents and mortgage payments sitting well below state and national levels.
$273
▲ +127.5%
- $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 3723, VIC — lower than 56% of areas.
Housing costs
Rents, mortgages and crowding.
The typical weekly rent of $273 and monthly mortgage payment of $1,328 are both well below the figures for Victoria and Australia. While these costs are low, they have climbed since 2011, with typical rents rising by $153.
$1,328 ▲ +22.6%
Lower than 64% of postcode areas.
- 2011: $1,083
- 2016: $1,252
- 2021: $1,328
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3723, VIC, the largest group is $200–$349 at 39%, followed by Under $200 (30%) and $350–$549 (26%).
Monthly mortgage distribution
View on map →In 3723, VIC, the largest group is $1,000–$1,799 at 40%, followed by Under $1,000 (29%) and $1,800–$2,999 (18%).
Owning & renting
How homes are owned or rented.
Home ownership is very high here, with 50.8% of homes owned outright—far above the 31% national average. Meanwhile, the share of households renting is much lower than most areas and fell 6.7 points since 2011 to just 10.3%.
10.3% ▼ -39.5%
Lower than 87% of postcode areas.
- 2011: 17.0%
- 2016: 14.1%
- 2021: 10.3%
Share of occupied private dwellings that are rented.
50.8% ▲ +7.8%
Higher than 85% of postcode areas.
- 2011: 47.1%
- 2016: 49.4%
- 2021: 50.8%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3723, VIC, Owned outright is the majority at 51%; Owned with a mortgage is next at 32%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses make up 96.2% of all homes, a figure far above the national average. While 73.6% of homes have three or more bedrooms, there are fewer people per bedroom than in most other areas.
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.
96.2% ▲ +0.9%
Higher than 70% of postcode areas.
- 2011: 95.4%
- 2016: 95.3%
- 2021: 96.2%
Share of occupied private dwellings that are separate houses.
73.6% ▲ +4.3%
Lower than 67% of postcode areas.
- 2011: 70.6%
- 2016: 67.6%
- 2021: 73.6%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3723, VIC, Separate house is the majority at 97%; Flat or apartment is next at 2%.
Bedrooms per home
View on map →In 3723, VIC, the largest group is 3 bedrooms at 46%, followed by 4 bedrooms (22%) and 2 bedrooms (20%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3723, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3723, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3723/3723-vic/topic/housing-dwellings