$250 —
Lower than 60% of suburb / locality areas.
- 2016: $110
- 2021: $250
Median weekly rent paid by households renting their home.
Millbank · Suburb / Locality
Housing & Dwellings in Millbank
Where and how people live — the homes, how they are held, and what they cost.
Low monthly mortgage payments of $605 make Millbank one of the most affordable places to live for its type. This affordability is reflected in a high rate of home ownership, where nearly half of all residents own their homes outright.
$250
—
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Millbank — lower than 60% of areas.
| Millbank | $250 |
|---|---|
| 2440, NSW | $295 |
| New South Wales | $420 |
| Australia | $375 |
Housing costs
Rents, mortgages and crowding.
Typical weekly rent is $250, which is well below the national figure of $375. Monthly mortgage payments are also far below the New South Wales average, sitting at $605 compared to $2,167.
$605 —
Lower than 96% of suburb / locality areas.
- 2016: $758
- 2021: $605
Median monthly mortgage repayment for households with a mortgage.
Monthly mortgage distribution
View on map →In Millbank, Under $1,000 is the majority at 100%.
Owning & renting
How homes are owned or rented.
Owning homes outright is far more common here than across Australia, at 49.1%. Meanwhile, renting is much lower than in most areas, with only 5.7% of households renting their homes.
5.7% —
Lower than 87% of suburb / locality areas.
- 2016: 10.6%
- 2021: 5.7%
Share of occupied private dwellings that are rented.
49.1% —
Higher than 73% of suburb / locality areas.
- 2016: 51.1%
- 2021: 49.1%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Millbank, Owned outright is the majority at 54%; Owned with a mortgage is next at 23%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 88.7% of the local stock, which is far above the state figure. However, homes with three or more bedrooms are far less common than the national average, at 49.1%.
0.80 —
Lower than 57% of suburb / locality areas.
- 2016: 0.90
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
88.7% —
Lower than 71% of suburb / locality areas.
- 2016: 100.0%
- 2021: 88.7%
Share of occupied private dwellings that are separate houses.
49.1% —
Lower than 92% of suburb / locality areas.
- 2016: 51.1%
- 2021: 49.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Millbank, Separate house is the majority at 100%.
Bedrooms per home
View on map →In Millbank, the largest group is 3 bedrooms at 44%, followed by 2 bedrooms (33%) and 4 bedrooms (13%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Millbank
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Millbank [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL12627/millbank/topic/housing-dwellings