$350 ▲ +29.6%
Higher than 71% of suburb / locality areas.
- 2011: $270
- 2016: $263
- 2021: $350
Median weekly rent paid by households renting their home.
Lovely Banks · Suburb / Locality
Housing & Dwellings in Lovely Banks
Where and how people live — the homes, how they are held, and what they cost.
A high proportion of large family homes defines Lovely Banks, where 91.6% of dwellings are separate houses. This area stands out for its low rental rates and a strong preference for spacious living, with nearly 88% of homes featuring three or more bedrooms.
$350
▲ +29.6%
- $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 Lovely Banks — higher than 71% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are $1,747 and weekly rents are $350, both of which are higher than in most similar areas. These figures remain about the same as the Victorian and national averages.
$1,747 ▲ +0.8%
Higher than 58% of suburb / locality areas.
- 2011: $1,733
- 2016: $1,733
- 2021: $1,747
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Lovely Banks, the largest group is $350–$549 at 50%, followed by $200–$349 (39%) and Under $200 (7%).
Monthly mortgage distribution
View on map →Lovely Banks splits fairly evenly between $1,800–$2,999 (35%) and $1,000–$1,799 (34%), with Under $1,000 at 19%.
Owning & renting
How homes are owned or rented.
Rental households are far fewer here than across Victoria and Australia, making up only 13.3% of the total. Most residents own their homes, with 49.3% holding a mortgage and 35.1% owning theirs outright.
13.3% ▼ -11.9%
Lower than 61% of suburb / locality areas.
- 2011: 15.1%
- 2016: 17.9%
- 2021: 13.3%
Share of occupied private dwellings that are rented.
35.1% ▼ -3.2%
Lower than 67% of suburb / locality areas.
- 2011: 36.3%
- 2016: 36.5%
- 2021: 35.1%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Lovely Banks, the largest group is Owned with a mortgage at 50%, followed by Owned outright (35%) and Rented (13%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Detached houses are far more common here than in the state or national figures, making up 91.6% of all homes. This shift toward larger dwellings is clear, as 87.4% of homes have three or more bedrooms, which is far above the national average.
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.
91.6% ▲ +6.5%
Lower than 64% of suburb / locality areas.
- 2011: 86.0%
- 2016: 89.8%
- 2021: 91.6%
Share of occupied private dwellings that are separate houses.
87.4% ▲ +5.8%
Higher than 72% of suburb / locality areas.
- 2011: 82.6%
- 2016: 85.2%
- 2021: 87.4%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Lovely Banks, Separate house is the majority at 91%; Flat or apartment is next at 5%.
Bedrooms per home
View on map →In Lovely Banks, the largest group is 4 bedrooms at 47%, followed by 3 bedrooms (32%) and 2 bedrooms (11%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Lovely Banks
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Lovely Banks [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL21544/lovely-banks/topic/housing-dwellings