$400 —
Lower than 99% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
Cornella · Suburb / Locality
Housing & Dwellings in Cornella
Where and how people live — the homes, how they are held, and what they cost.
A typical monthly mortgage payment of just $400 marks Cornella as a very affordable place to live. These costs are far below the figures seen across Victoria and the rest of Australia, making it one of the cheapest areas for home loans.
Housing costs
Rents, mortgages and crowding.
Typical monthly home-loan payments in Cornella are $400, which is far below the Victorian average of $1,859 and the national figure of $1,863.
Owning & renting
How homes are owned or rented.
The most common how homes are owned or rented is Owned outright at 47%, ahead of Owned with a mortgage (26%).
How homes are owned or rented
View on map →In Cornella, the largest group is Owned outright at 50%, followed by Owned with a mortgage (28%) and Other tenure (22%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Homes here are less crowded than in most areas, with 0.70 people per bedroom, a little below the figure for both Victoria and Australia.
0.70 —
Lower than 86% of suburb / locality areas.
- 2016: 0.60
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
Types of homes
View on map →In Cornella, Separate house is the majority at 100%.
Bedrooms per home
View on map →In Cornella, 3 bedrooms is the majority at 70%; 2 bedrooms is next at 30%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Cornella
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Cornella [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL20642/cornella/topic/housing-dwellings