$361 —
Lower than 53% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
Reservoir - South West · Statistical Area 2 (SA2)
Where and how people live — the homes, how they are held, and what they cost.
Far more households rent in Reservoir - South West than in the rest of Victoria, with 40.5% of homes being rented. This area stands out for its high proportion of renters and a housing stock that is much smaller and more crowded than the state average.
All statistical area 2 (sa2) areas, 2021. The marker is Reservoir - South West — lower than 53% of areas.
Rents, mortgages and crowding.
The typical monthly home loan payment is $2,020, which is higher than most areas and a little above the national figure. Meanwhile, weekly rent is around the middle for its level at $361, which is about the same as the figures for Victoria and Australia.
$361 —
Lower than 53% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
$2,020 —
Higher than 63% of statistical area 2 (sa2) areas.
Median monthly mortgage repayment for households with a mortgage.
In Reservoir - South West, $350–$549 is the majority at 54%; $200–$349 is next at 33%.
In Reservoir - South West, the largest group is $1,800–$2,999 at 39%, followed by $1,000–$1,799 (27%) and $3,000 or more (21%).
How homes are owned or rented.
Renting is very common here, sitting far above the state average at 40.5%. Conversely, the share of homes owned outright is 26.6%, which is well below both the Victorian and Australian figures.
40.5% —
Higher than 79% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are rented.
26.6% —
Lower than 68% of statistical area 2 (sa2) areas.
Share of occupied private dwellings owned outright (no mortgage).
In Reservoir - South West, the largest group is Rented at 40%, followed by Owned with a mortgage (30%) and Owned outright (27%).
Houses, townhouses, apartments and bedrooms.
Small homes are the norm, as separate houses are far less common than in the rest of the country at 56.7%. With three-bedroom homes far below the state average, there are 0.90 people per bedroom, which is much higher than most areas.
0.90 —
Higher than 86% of statistical area 2 (sa2) areas.
Average number of usual residents per bedroom — a crowding measure.
56.7% —
Lower than 82% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are separate houses.
52.0% —
Lower than 88% of statistical area 2 (sa2) areas.
Share of occupied private dwellings with three or more bedrooms.
In Reservoir - South West, Separate house is the majority at 57%; Townhouse / semi-detached is next at 40%.
Reservoir - South West splits fairly evenly between 2 bedrooms (43%) and 3 bedrooms (40%), with 4 bedrooms at 11%.
Australian Bureau of Statistics. (2021). Housing & Dwellings in Reservoir - South West [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/209021526/reservoir-south-west/topic/housing-dwellings