$391 ▲ +44.8%
Higher than 76% of postcode areas.
- 2011: $270
- 2016: $325
- 2021: $391
Median weekly rent paid by households renting their home.
3927, VIC · Postcode
Housing & Dwellings in 3927, VIC
Where and how people live — the homes, how they are held, and what they cost.
Much higher costs than most areas define the housing market in postcode 3927, where the typical monthly mortgage payment is $2,167. This area is dominated by large, detached family homes and a high proportion of residents who own their property outright.
$391
▲ +44.8%
- $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 3927, VIC — higher than 76% of areas.
| 3927, VIC | $391 |
|---|---|
| Mornington Peninsula | $380 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are a little above the Victorian figure, having risen $717 since 2011. Weekly rents are also much higher than most areas at $391, which is about the same as the national figure.
$2,167 ▲ +49.4%
Higher than 84% of postcode areas.
- 2011: $1,450
- 2016: $1,752
- 2021: $2,167
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In 3927, VIC, the largest group is $350–$549 at 43%, followed by $200–$349 (31%) and $550–$749 (17%).
Monthly mortgage distribution
View on map →In 3927, VIC, the largest group is $1,800–$2,999 at 43%, followed by $3,000 or more (22%) and Under $1,000 (18%).
Owning & renting
How homes are owned or rented.
Home ownership is very strong here; 57.4% of homes are owned outright, a figure far above the 31% national average. Conversely, renting is much lower than most areas at just 11.7%.
11.7% ▼ -20.8%
Lower than 83% of postcode areas.
- 2011: 14.7%
- 2016: 15.0%
- 2021: 11.7%
Share of occupied private dwellings that are rented.
57.4% ▲ +18.9%
Higher than 94% of postcode areas.
- 2011: 48.3%
- 2016: 49.3%
- 2021: 57.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3927, VIC, Owned outright is the majority at 58%; Owned with a mortgage is next at 28%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Large homes are the norm, with 86% of dwellings having three or more bedrooms and 95.6% being separate houses. Because of these large homes, there are fewer people per bedroom (0.70) than the national figure.
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.
95.6% ▼ -3.5%
Higher than 67% of postcode areas.
- 2011: 99.1%
- 2016: 100.0%
- 2021: 95.6%
Share of occupied private dwellings that are separate houses.
86.0% ▲ +1.8%
Higher than 77% of postcode areas.
- 2011: 84.5%
- 2016: 83.5%
- 2021: 86.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3927, VIC, Separate house is the majority at 95%; Other dwelling is next at 3%.
Bedrooms per home
View on map →In 3927, VIC, the largest group is 3 bedrooms at 44%, followed by 4 bedrooms (36%) and 2 bedrooms (12%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3927, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3927, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3927/3927-vic/topic/housing-dwellings