$350 ▲ +47.1%
Higher than 65% of postcode areas.
- 2011: $238
- 2016: $289
- 2021: $350
Median weekly rent paid by households renting their home.
3940, VIC · Postcode
Housing & Dwellings in 3940, VIC
Where and how people live — the homes, how they are held, and what they cost.
Higher than most areas for rental costs, postcode 3940 is a place where home ownership is common but ownership without a mortgage has declined. While detached houses remain the main choice, the area has far fewer large three-bedroom homes than the national average.
$350
▲ +47.1%
- $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 3940, VIC — higher than 65% of areas.
| 3940, VIC | $350 |
|---|---|
| Mornington Peninsula | $380 |
| Victoria | $370 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical weekly rent of $350 is higher than most areas and has risen by $112 since 2011. Meanwhile, the typical monthly mortgage payment of $1,603 is a little below the national figure of $1,863.
$1,603 ▲ +19.4%
Higher than 52% of postcode areas.
- 2011: $1,343
- 2016: $1,400
- 2021: $1,603
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →3940, VIC splits fairly evenly between $350–$549 (47%) and $200–$349 (43%), with Under $200 at 8%.
Monthly mortgage distribution
View on map →In 3940, VIC, the largest group is $1,000–$1,799 at 42%, followed by $1,800–$2,999 (32%) and Under $1,000 (19%).
Owning & renting
How homes are owned or rented.
Outright home ownership is well above the national figure at 36.1%, though this fell 5.6 points since 2011. About 27.2% of households rent, which is higher than most similar areas.
27.2% ▲ +0.2%
Higher than 67% of postcode areas.
- 2011: 27.1%
- 2016: 28.3%
- 2021: 27.2%
Share of occupied private dwellings that are rented.
36.1% ▼ -13.5%
Lower than 59% of postcode areas.
- 2011: 41.7%
- 2016: 40.5%
- 2021: 36.1%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In 3940, VIC, the largest group is Owned outright at 36%, followed by Rented (27%) and Owned with a mortgage (20%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses make up 70.7% of homes, yet the area has far fewer three-bedroom-plus homes than the state average. This is consistent with a lower number of people per bedroom, which has fallen since 2011 to 0.70.
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.
70.7% ▲ +18.1%
Lower than 82% of postcode areas.
- 2011: 59.9%
- 2016: 67.0%
- 2021: 70.7%
Share of occupied private dwellings that are separate houses.
60.5% ▲ +10.4%
Lower than 87% of postcode areas.
- 2011: 54.8%
- 2016: 55.9%
- 2021: 60.5%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In 3940, VIC, Separate house is the majority at 71%; Townhouse / semi-detached is next at 24%.
Bedrooms per home
View on map →In 3940, VIC, the largest group is 3 bedrooms at 49%, followed by 2 bedrooms (34%) and 4 bedrooms (10%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for 3940, VIC
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in 3940, VIC [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/poa/POA3940/3940-vic/topic/housing-dwellings