$420 ▲ +40.0%
Higher than 71% of statistical area 2 (sa2) areas.
- 2011: $300
- 2016: $360
- 2021: $420
Median weekly rent paid by households renting their home.
Merewether - The Junction · Statistical Area 2 (SA2)
Where and how people live — the homes, how they are held, and what they cost.
Typical monthly mortgage payments of $2,500 are much higher than most areas in Merewether - The Junction. This is an expensive place to live, where both mortgage and rent costs have climbed significantly since 2011. Many residents have managed to secure their position here, with a high number of people owning their homes outright.
All statistical area 2 (sa2) areas, 2021. The marker is Merewether - The Junction — higher than 71% of areas.
| Merewether - The Junction | $420 |
|---|---|
| 2291, NSW | $430 |
| New South Wales | $420 |
| Australia | $375 |
Rents, mortgages and crowding.
Weekly rents are higher than most areas at $420, which is about the same as the New South Wales figure. Mortgage costs are even more striking, with the typical monthly payment well above the national figure and rising by $417 over the last decade.
$420 ▲ +40.0%
Higher than 71% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
$2,500 ▲ +20.0%
Higher than 87% of statistical area 2 (sa2) areas.
Median monthly mortgage repayment for households with a mortgage.
In Merewether - The Junction, the largest group is $350–$549 at 46%, followed by $550–$749 (17%) and $200–$349 (15%).
In Merewether - The Junction, the largest group is $3,000 or more at 41%, followed by $1,800–$2,999 (29%) and $1,000–$1,799 (17%).
How homes are owned or rented.
Owning a home outright is more common here than in most areas, at 35.9%, which is well above the national figure. Renting is also more common than in most areas, with 32.2% of households renting.
32.2% ▼ -2.9%
Higher than 64% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are rented.
35.9% ▲ +7.2%
Higher than 61% of statistical area 2 (sa2) areas.
Share of occupied private dwellings owned outright (no mortgage).
Merewether - The Junction splits fairly evenly between Owned outright (36%) and Rented (32%), with Owned with a mortgage at 30%.
Houses, townhouses, apartments and bedrooms.
Separate houses are less common here than in most areas, making up 62.5% of homes. While homes with three or more bedrooms are much lower than in most areas, the number of people per bedroom has moved down since 2011.
0.80 ▼ -27.3%
Lower than 71% of statistical area 2 (sa2) areas.
Average number of usual residents per bedroom — a crowding measure.
62.5% ▼ -2.5%
Lower than 78% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are separate houses.
67.9% ▲ +7.2%
Lower than 75% of statistical area 2 (sa2) areas.
Share of occupied private dwellings with three or more bedrooms.
In Merewether - The Junction, Separate house is the majority at 63%; Flat or apartment is next at 19%.
In Merewether - The Junction, the largest group is 3 bedrooms at 36%, followed by 4 bedrooms (25%) and 2 bedrooms (25%).
Australian Bureau of Statistics. (2021). Housing & Dwellings in Merewether - The Junction [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/111031228/merewether-the-junction/topic/housing-dwellings