$315 ▲ +26.0%
Higher than 61% of suburb / locality areas.
- 2011: $250
- 2016: $200
- 2021: $315
Median weekly rent paid by households renting their home.
Faraday · Suburb / Locality
Housing & Dwellings in Faraday
Where and how people live — the homes, how they are held, and what they cost.
Faraday has seen its housing landscape shift since 2011, now featuring a distinct mix of outright ownership and a total reliance on detached houses. Almost half of all residents own their homes without a mortgage, which is far above the national figure. The area is exclusively made up of separate houses.
$315
▲ +26.0%
- $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 Faraday — higher than 61% of areas.
Housing costs
Rents, mortgages and crowding.
Weekly rent is $315, which is higher than most similar areas but a little below the Victoria and Australia figures. The typical monthly home-loan payment is $1,732, which is about the same as the state and national levels.
$1,732 ▲ +99.8%
Higher than 57% of suburb / locality areas.
- 2011: $867
- 2016: $1,083
- 2021: $1,732
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Faraday, Under $200 is the majority at 100%.
Monthly mortgage distribution
View on map →Faraday splits fairly evenly between $1,000–$1,799 (43%) and $1,800–$2,999 (43%), with Under $1,000 at 14%.
Owning & renting
How homes are owned or rented.
Outright ownership is very common here at 46.3%, far above the 31% national average. This is reflected in the rental market, where only 11% of households rent, a figure far below both Victoria and Australia.
11.0% ▲ +44.9%
Lower than 70% of suburb / locality areas.
- 2011: 7.6%
- 2016: 5.6%
- 2021: 11.0%
Share of occupied private dwellings that are rented.
46.3% ▼ -17.3%
Higher than 65% of suburb / locality areas.
- 2011: 56.1%
- 2016: 49.3%
- 2021: 46.3%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Faraday, the largest group is Owned outright at 48%, followed by Owned with a mortgage (41%) and Rented (11%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Every single home in Faraday is a separate house, placing the area far above the state and national averages. While these detached homes are the only type available, the proportion of homes with three or more bedrooms is far below the national figure of 73.8%.
0.80 ▼ -20.0%
Lower than 57% of suburb / locality areas.
- 2011: 1.00
- 2016: 0.70
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
100.0% → 0.0%
Higher than 99% of suburb / locality areas.
- 2011: 100.0%
- 2016: 100.0%
- 2021: 100.0%
Share of occupied private dwellings that are separate houses.
63.4% ▼ -3.4%
Lower than 82% of suburb / locality areas.
- 2011: 65.7%
- 2016: 66.2%
- 2021: 63.4%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Faraday, Separate house is the majority at 100%.
Bedrooms per home
View on map →In Faraday, 3 bedrooms is the majority at 51%; 4 bedrooms is next at 23%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Faraday
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Faraday [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL20907/faraday/topic/housing-dwellings