$280 —
Lower than 78% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
Corio - Lovely Banks · Statistical Area 2 (SA2)
Where and how people live — the homes, how they are held, and what they cost.
Much lower housing costs than most similar areas define Corio - Lovely Banks. The typical weekly rent is just $280, and the usual monthly mortgage payment of $1,300 is well below the national figure. This affordability is paired with a high number of large, detached family homes.
All statistical area 2 (sa2) areas, 2021. The marker is Corio - Lovely Banks — lower than 78% of areas.
Rents, mortgages and crowding.
Weekly rent is well below the state and national figures at $280. Similarly, the typical monthly mortgage payment is $1,300, which is much lower than most other areas.
$280 —
Lower than 78% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
$1,300 —
Lower than 86% of statistical area 2 (sa2) areas.
Median monthly mortgage repayment for households with a mortgage.
In Corio - Lovely Banks, $200–$349 is the majority at 65%; Under $200 is next at 19%.
In Corio - Lovely Banks, $1,000–$1,799 is the majority at 52%; Under $1,000 is next at 26%.
How homes are owned or rented.
More people rent here than in most other areas, with 36.1% of households renting. This is well above the Victorian figure of 28.5%.
36.1% —
Higher than 73% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are rented.
29.6% —
Lower than 59% of statistical area 2 (sa2) areas.
Share of occupied private dwellings owned outright (no mortgage).
In Corio - Lovely Banks, the largest group is Rented at 36%, followed by Owned with a mortgage (31%) and Owned outright (30%).
Houses, townhouses, apartments and bedrooms.
Separate houses are far more common here than across the state, making up 91.6% of all homes. Most of these are large, with 85.1% of dwellings having three or more bedrooms.
0.80 —
Lower than 71% of statistical area 2 (sa2) areas.
Average number of usual residents per bedroom — a crowding measure.
91.6% —
Higher than 70% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are separate houses.
85.1% —
Higher than 68% of statistical area 2 (sa2) areas.
Share of occupied private dwellings with three or more bedrooms.
In Corio - Lovely Banks, Separate house is the majority at 92%; Townhouse / semi-detached is next at 6%.
In Corio - Lovely Banks, 3 bedrooms is the majority at 67%; 4 bedrooms is next at 17%.
Australian Bureau of Statistics. (2021). Housing & Dwellings in Corio - Lovely Banks [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/203021486/corio-lovely-banks/topic/housing-dwellings