$130 —
Lower than 90% of suburb / locality areas.
- 2016: $110
- 2021: $130
Median weekly rent paid by households renting their home.
Korong Vale · Suburb / Locality
Housing & Dwellings in Korong Vale
Where and how people live — the homes, how they are held, and what they cost.
Separate houses make up 92.9% of all homes in Korong Vale. This is a place where housing is very affordable, with typical weekly rents and mortgage payments sitting far below the figures for Victoria and the rest of Australia.
$130
—
- $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 Korong Vale — lower than 90% of areas.
Housing costs
Rents, mortgages and crowding.
Housing costs are remarkably low here, with the typical weekly rent of $130 and monthly mortgage payments of $433 both being far below state and national levels.
$433 → 0.0%
Lower than 99% of suburb / locality areas.
- 2011: $433
- 2016: $380
- 2021: $433
Median monthly mortgage repayment for households with a mortgage.
Monthly mortgage distribution
View on map →In Korong Vale, Under $1,000 is the majority at 100%.
Owning & renting
How homes are owned or rented.
Home ownership is very high, as 60% of residents own their home outright, which is far above the 31% national figure. Only 11.4% of households rent, a rate far below most other areas.
11.4% ▲ +109.5%
Lower than 68% of suburb / locality areas.
- 2011: 5.5%
- 2016: 17.6%
- 2021: 11.4%
Share of occupied private dwellings that are rented.
60.0% ▼ -2.9%
Higher than 90% of suburb / locality areas.
- 2011: 61.8%
- 2016: 56.8%
- 2021: 60.0%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Korong Vale, Owned outright is the majority at 59%; Owned with a mortgage is next at 25%.
Types of homes
Houses, townhouses, apartments and bedrooms.
While detached houses are the norm, the area has fewer large homes than most places, with three-bedroom properties or larger making up 67.1% of dwellings. This is well below the Victorian average of 74.1%.
0.70 ▼ -36.4%
Lower than 86% of suburb / locality areas.
- 2011: 1.10
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
92.9% ▼ -7.1%
Lower than 61% of suburb / locality areas.
- 2011: 100.0%
- 2016: 89.2%
- 2021: 92.9%
Share of occupied private dwellings that are separate houses.
67.1% ▼ -11.3%
Lower than 77% of suburb / locality areas.
- 2011: 75.7%
- 2016: 64.9%
- 2021: 67.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Korong Vale, Separate house is the majority at 96%; Other dwelling is next at 4%.
Bedrooms per home
View on map →In Korong Vale, 3 bedrooms is the majority at 53%; 2 bedrooms is next at 24%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Korong Vale
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Korong Vale [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL21397/korong-vale/topic/housing-dwellings