$1,802 —
Higher than 61% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
Fairbank · Suburb / Locality
Housing & Dwellings in Fairbank
Where and how people live — the homes, how they are held, and what they cost.
Higher-than-usual home loan payments shape the housing market in Fairbank, where the typical monthly cost is $1,802. This reflects a local property landscape that is more expensive than most similar areas.
Housing costs
Rents, mortgages and crowding.
Monthly mortgage payments usually hit $1,802, which is higher than most similar areas, though this is about the same as the typical figure for Victoria and Australia.
Monthly mortgage distribution
View on map →In Fairbank, $1,000–$1,799 is the majority at 100%.
Owning & renting
How homes are owned or rented.
The most common how homes are owned or rented is Owned outright at 92%, ahead of Owned with a mortgage (69%).
How homes are owned or rented
View on map →In Fairbank, Owned outright is the majority at 57%; Owned with a mortgage is next at 43%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Homes here are more crowded than in most areas, with an average of 0.80 people per bedroom, matching the Victorian and national figures.
0.80 —
Lower than 57% of suburb / locality areas.
- 2016: 0.70
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
Types of homes
View on map →In Fairbank, Separate house is the majority at 100%.
Bedrooms per home
View on map →Fairbank splits fairly evenly between 3 bedrooms (50%) and 4 bedrooms (50%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Fairbank
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Fairbank [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL20900/fairbank/topic/housing-dwellings