$470 ▲ +33.9%
Higher than 85% of statistical area 2 (sa2) areas.
- 2011: $351
- 2016: $420
- 2021: $470
Median weekly rent paid by households renting their home.
Mount Waverley - South · Statistical Area 2 (SA2)
Housing & Dwellings in Mount Waverley - South
Where and how people live — the homes, how they are held, and what they cost.
Typical monthly mortgage payments of $2,600 are among the highest for similar areas in Mount Waverley - South. This is a high-cost housing market where both home loans and rents sit well above the national figures. Most residents live in spacious homes with three or more bedrooms.
$470
▲ +33.9%
- $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 Mount Waverley - South — higher than 85% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are much higher than most areas at $470, which is well above the Victorian figure of $370. Mortgage costs are also steep, with 40% of households paying $3,000 or more each month.
$2,600 ▲ +30.0%
Higher than 89% of statistical area 2 (sa2) areas.
- 2011: $2,000
- 2016: $2,000
- 2021: $2,600
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Mount Waverley - South, $350–$549 is the majority at 57%; $550–$749 is next at 25%.
Monthly mortgage distribution
View on map →In Mount Waverley - South, the largest group is $3,000 or more at 43%, followed by $1,800–$2,999 (28%) and Under $1,000 (15%).
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 41.8% of homes owned outright, a figure far above the Australian average. Meanwhile, the share of households renting is 24.2%, which is well below both the state and national figures.
24.2% ▲ +16.6%
Lower than 58% of statistical area 2 (sa2) areas.
- 2011: 20.8%
- 2016: 23.4%
- 2021: 24.2%
Share of occupied private dwellings that are rented.
41.8% ▼ -11.1%
Higher than 80% of statistical area 2 (sa2) areas.
- 2011: 47.0%
- 2016: 43.6%
- 2021: 41.8%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Mount Waverley - South, the largest group is Owned outright at 42%, followed by Owned with a mortgage (32%) and Rented (24%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Large homes dominate the area, as 86.3% of dwellings have three or more bedrooms. While separate houses make up 65.9% of the market, this is well below the state average and has fallen by 13 points since 2011.
0.80 ▼ -27.3%
Lower than 71% of statistical area 2 (sa2) areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
65.9% ▼ -16.9%
Lower than 75% of statistical area 2 (sa2) areas.
- 2011: 79.3%
- 2016: 67.7%
- 2021: 65.9%
Share of occupied private dwellings that are separate houses.
86.3% ▲ +3.5%
Higher than 72% of statistical area 2 (sa2) areas.
- 2011: 83.3%
- 2016: 84.3%
- 2021: 86.3%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Mount Waverley - South, Separate house is the majority at 66%; Flat or apartment is next at 22%.
Bedrooms per home
View on map →In Mount Waverley - South, the largest group is 3 bedrooms at 46%, followed by 4 bedrooms (31%) and 2 bedrooms (12%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Mount Waverley - South
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Mount Waverley - South [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/212051324/mount-waverley-south/topic/housing-dwellings