$391 —
Higher than 58% of statistical area 2 (sa2) areas.
- 2016: $350
- 2021: $391
Median weekly rent paid by households renting their home.
Preston - East · Statistical Area 2 (SA2)
Housing & Dwellings in Preston - East
Where and how people live — the homes, how they are held, and what they cost.
Far more people rent in Preston - East than in most similar areas, with 43.4% of households renting. This trend is a standout feature of the local housing market, as it sits far above the Victorian and national figures. Most residents live in separate houses, though these homes tend to be smaller than the state average.
$391
—
- $100–$121: 37 areas
- $121–$143: 11 areas
- $143–$164: 27 areas
- $164–$186: 32 areas
- $186–$207: 63 areas
- $207–$229: 57 areas
- $229–$250: 59 areas
- $250–$271: 158 areas
- $271–$293: 106 areas
- $293–$314: 178 areas
- $314–$336: 149 areas
- $336–$357: 207 areas
- $357–$379: 179 areas
- $379–$400: 182 areas
- $400–$421: 312 areas
- $421–$443: 103 areas
- $443–$464: 158 areas
- $464–$486: 69 areas
- $486–$507: 85 areas
- $507–$529: 38 areas
- $529–$550: 32 areas
- $550–$571: 45 areas
- $571–$593: 19 areas
- $593–$614: 34 areas
- $614–$636: 8 areas
- $636–$657: 11 areas
- $657–$679: 5 areas
- $679–$700: 28 areas
All statistical area 2 (sa2) areas, 2021. The marker is Preston - East — higher than 58% of areas.
Housing costs
Rents, mortgages and crowding.
The typical monthly home loan payment is $2,000, which is higher than most areas and rose by $50 since 2016. Weekly rent is around the middle for its level at $391, which is about the same as the national figure.
$2,000 —
Higher than 61% of statistical area 2 (sa2) areas.
- 2016: $1,950
- 2021: $2,000
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Preston - East, $350–$549 is the majority at 56%; $200–$349 is next at 21%.
Monthly mortgage distribution
View on map →In Preston - East, the largest group is $1,800–$2,999 at 36%, followed by $1,000–$1,799 (30%) and $3,000 or more (21%).
Owning & renting
How homes are owned or rented.
Renting is very common here, far above the state and national averages. Meanwhile, only 24.4% of homes are owned outright, a figure that is well below the national average and has fallen slightly since 2016.
43.4% —
Higher than 84% of statistical area 2 (sa2) areas.
- 2016: 42.8%
- 2021: 43.4%
Share of occupied private dwellings that are rented.
24.4% —
Lower than 74% of statistical area 2 (sa2) areas.
- 2016: 26.1%
- 2021: 24.4%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Preston - East, the largest group is Rented at 43%, followed by Owned with a mortgage (30%) and Owned outright (24%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses are much less common here than in most areas, making up 53.8% of homes. This lack of larger dwellings is reflected in the fact that only 49.9% of homes have three or more bedrooms, which is far below the Victorian figure.
0.90 —
Higher than 86% of statistical area 2 (sa2) areas.
- 2016: 1.00
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
53.8% —
Lower than 84% of statistical area 2 (sa2) areas.
- 2016: 58.8%
- 2021: 53.8%
Share of occupied private dwellings that are separate houses.
49.9% —
Lower than 89% of statistical area 2 (sa2) areas.
- 2016: 52.7%
- 2021: 49.9%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Preston - East, Separate house is the majority at 54%; Flat or apartment is next at 23%.
Bedrooms per home
View on map →Preston - East splits fairly evenly between 2 bedrooms (38%) and 3 bedrooms (37%), with 4 bedrooms at 11%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Preston - East
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Preston - East [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209021428/preston-east/topic/housing-dwellings