$100 ▲ +33.3%
Lower than 94% of suburb / locality areas.
- 2011: $75
- 2016: $70
- 2021: $100
Median weekly rent paid by households renting their home.
Balmoral · Suburb / Locality
Housing & Dwellings in Balmoral
Where and how people live — the homes, how they are held, and what they cost.
Far lower housing costs define Balmoral compared to the rest of the state, where typical monthly mortgage payments are $1,157 less than the Victorian figure. This affordability is mirrored in the rental market, with typical weekly rents sitting far below national levels. The result is a community where home ownership is very common and housing expenses are relatively low.
$100
▲ +33.3%
- $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 Balmoral — lower than 94% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rent is just $100, which is far below the national figure of $375. Similarly, typical monthly mortgage payments are among the lowest at this level, sitting at $702.
$702 ▲ +8.0%
Lower than 93% of suburb / locality areas.
- 2011: $650
- 2016: $813
- 2021: $702
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Balmoral, Under $200 is the majority at 100%.
Monthly mortgage distribution
View on map →In Balmoral, Under $1,000 is the majority at 69%; $1,000–$1,799 is next at 31%.
Owning & renting
How homes are owned or rented.
A huge 61% of homes are owned outright, which is far above the national figure of 31%. This explains why the rental rate of 8.9% is much lower than most other areas.
8.9% ▼ -59.2%
Lower than 77% of suburb / locality areas.
- 2011: 21.9%
- 2016: 13.3%
- 2021: 8.9%
Share of occupied private dwellings that are rented.
61.0% ▲ +25.4%
Higher than 91% of suburb / locality areas.
- 2011: 48.6%
- 2016: 55.0%
- 2021: 61.0%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Balmoral, Owned outright is the majority at 59%; Owned with a mortgage is next at 24%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 94.3% of all homes, which is far above the Victorian average of 73.4%. These homes are generally spacious, with 72.4% having three or more bedrooms.
0.70 ▼ -30.0%
Lower than 86% of suburb / locality areas.
- 2011: 1.00
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
94.3% ▲ +2.8%
Lower than 58% of suburb / locality areas.
- 2011: 91.8%
- 2016: 93.3%
- 2021: 94.3%
Share of occupied private dwellings that are separate houses.
72.4% ▼ -11.1%
Lower than 68% of suburb / locality areas.
- 2011: 81.4%
- 2016: 65.0%
- 2021: 72.4%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Balmoral, Separate house is the majority at 93%; Other dwelling is next at 4%.
Bedrooms per home
View on map →In Balmoral, the largest group is 3 bedrooms at 42%, followed by 4 bedrooms (29%) and 2 bedrooms (19%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Balmoral
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Balmoral [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL20119/balmoral/topic/housing-dwellings