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Richmond (South) - Cremorne · Statistical Area 2 (SA2)

Housing & Dwellings in Richmond (South) - Cremorne

Where and how people live — the homes, how they are held, and what they cost.

High living costs define daily life in Richmond (South) - Cremorne, where typical weekly rents hit $508. This area is much more expensive than most other places in the state and the country. It is dominated by smaller homes and a very large number of renters.

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📍 Richmond (South) - Cremorne, Statistical Area 2 (SA2)

Where Richmond (South) - Cremorne sits — Median rent (weekly)

$508 —

All statistical area 2 (sa2) areas, 2021. The marker is Richmond (South) - Cremorne — higher than 89% of areas.

Richmond (South) - Cremorne$508
3121, VIC $450
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rent of $508 and monthly mortgage payments of $2,500 are both well above the national figures. These costs are much higher than most other areas, with nearly 40% of homeowners paying $3,000 or more each month.

Weekly rent distribution

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In Richmond (South) - Cremorne, the largest group is $350–$549 at 36%, followed by $550–$749 (28%) and $750 or more (17%).

$350–$549 34.8% $550–$749 27.6% $750 or more 16.3% $200–$349 15.4% Under $200 3.9%

Monthly mortgage distribution

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In Richmond (South) - Cremorne, the largest group is $3,000 or more at 42%, followed by $1,800–$2,999 (28%) and $1,000–$1,799 (20%).

$3,000 or more 39.8% $1,800–$2,999 26.2% $1,000–$1,799 18.9% Under $1,000 9.4%

Owning & renting

How homes are owned or rented.

Renting is far more common here than in the rest of Victoria, with 49.2% of households renting. Conversely, those who own their home outright make up only 22.0%, which is far below the state average.

How homes are owned or rented

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In Richmond (South) - Cremorne, the largest group is Rented at 49%, followed by Owned with a mortgage (27%) and Owned outright (22%).

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses are rare, making up just 19.3% of homes, which is far below the national figure. Most people live in flats, apartments or townhouses, and with fewer large homes, there are a little more people per bedroom than across Australia.

Types of homes

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Richmond (South) - Cremorne splits fairly evenly between Flat or apartment (40%) and Townhouse / semi-detached (40%), with Separate house at 19%.

Bedrooms per home

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In Richmond (South) - Cremorne, the largest group is 2 bedrooms at 43%, followed by 3 bedrooms (29%) and 1 bedroom (20%).

2 bedrooms 42.7% 3 bedrooms 29.0% 1 bedroom 19.5% 4 bedrooms 6.5% 5 or more 1.2% Studio / none 0.5%

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

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Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Richmond (South) - Cremorne [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/206071517/richmond-cremorne/topic/housing-dwellings