$280 ▲ +40.0%
Higher than 50% of suburb / locality areas.
- 2011: $200
- 2016: $233
- 2021: $280
Median weekly rent paid by households renting their home.
Koroit · Suburb / Locality
Housing & Dwellings in Koroit
Where and how people live — the homes, how they are held, and what they cost.
A typical monthly mortgage payment is just $1,400 in Koroit, making housing costs well below the national figure. This is a place where most people own their own home and live in large, detached houses. It offers a more affordable alternative to the higher costs found across Victoria and Australia.
$280
▲ +40.0%
- $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 Koroit — higher than 50% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are $280, which is well below the $375 national figure. Mortgage payments are also much lower than in most areas, with nearly half of households paying between $1,000 and $1,799 a month.
$1,400 ▲ +7.7%
Lower than 65% of suburb / locality areas.
- 2011: $1,300
- 2016: $1,300
- 2021: $1,400
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Koroit, $200–$349 is the majority at 63%; $350–$549 is next at 26%.
Monthly mortgage distribution
View on map →In Koroit, $1,000–$1,799 is the majority at 52%; Under $1,000 is next at 24%.
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 40.1% of homes owned outright, a figure well above the Australian average of 31.0%. Conversely, only 16.7% of households rent, which is far below the national rate of 30.6%.
16.7% ▼ -7.7%
Higher than 50% of suburb / locality areas.
- 2011: 18.1%
- 2016: 18.0%
- 2021: 16.7%
Share of occupied private dwellings that are rented.
40.1% ▲ +5.3%
Lower than 53% of suburb / locality areas.
- 2011: 38.1%
- 2016: 37.0%
- 2021: 40.1%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →Koroit splits fairly evenly between Owned outright (40%) and Owned with a mortgage (39%), with Rented at 17%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses make up 95.8% of the market, far above the 72.3% seen across Australia. This preference for larger homes is clear, with 85.2% of dwellings having three or more bedrooms, which is far above the state and national figures.
0.80 ▼ -27.3%
Lower than 57% of suburb / locality areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
95.8% ▼ -0.4%
Lower than 52% of suburb / locality areas.
- 2011: 96.1%
- 2016: 96.9%
- 2021: 95.8%
Share of occupied private dwellings that are separate houses.
85.2% ▲ +1.5%
Higher than 66% of suburb / locality areas.
- 2011: 83.9%
- 2016: 81.7%
- 2021: 85.2%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Koroit, Separate house is the majority at 96%; Townhouse / semi-detached is next at 4%.
Bedrooms per home
View on map →In Koroit, 3 bedrooms is the majority at 52%; 4 bedrooms is next at 30%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Koroit
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Koroit [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL21396/koroit/topic/housing-dwellings