$100 —
Lower than 94% of suburb / locality areas.
- 2016: $100
- 2021: $100
Median weekly rent paid by households renting their home.
Merino · Suburb / Locality
Housing & Dwellings in Merino
Where and how people live — the homes, how they are held, and what they cost.
Housing costs in Merino have remained very low compared to the rest of the country. The typical monthly mortgage payment is just $650, which is far below the national figure. This makes the area exceptionally affordable for both homeowners and renters.
$100
—
- $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 Merino — lower than 94% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rent is only $100, which is far below the Victorian figure of $370. This low cost extends to mortgages, with 81.5% of households paying under $1,000 a month.
$650 ▲ +31.6%
Lower than 95% of suburb / locality areas.
- 2011: $494
- 2016: $500
- 2021: $650
Median monthly mortgage repayment for households with a mortgage.
Monthly mortgage distribution
View on map →In Merino, Under $1,000 is the majority at 85%; $1,000–$1,799 is next at 15%.
Owning & renting
How homes are owned or rented.
Home ownership is very high here, with 68.9% of homes owned outright, a figure far above the national average. Only 9.2% of households rent, which is much lower than most other areas.
9.2% ▼ -2.6%
Lower than 76% of suburb / locality areas.
- 2011: 9.5%
- 2016: 10.7%
- 2021: 9.2%
Share of occupied private dwellings that are rented.
68.9% ▲ +17.1%
Higher than 99% of suburb / locality areas.
- 2011: 58.9%
- 2016: 54.5%
- 2021: 68.9%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Merino, Owned outright is the majority at 66%; Owned with a mortgage is next at 22%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Almost every home in Merino is a separate house, making up 97.5% of all dwellings. While detached houses are far more common here than across Victoria, homes are slightly smaller than usual, with 66.4% having three or more bedrooms.
0.70 ▼ -30.0%
Lower than 86% of suburb / locality areas.
- 2011: 1.00
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
97.5% ▼ -2.5%
Higher than 55% of suburb / locality areas.
- 2011: 100.0%
- 2016: 97.3%
- 2021: 97.5%
Share of occupied private dwellings that are separate houses.
66.4% ▼ -7.6%
Lower than 78% of suburb / locality areas.
- 2011: 71.9%
- 2016: 65.2%
- 2021: 66.4%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Merino, Separate house is the majority at 95%; Townhouse / semi-detached is next at 5%.
Bedrooms per home
View on map →In Merino, the largest group is 3 bedrooms at 47%, followed by 2 bedrooms (26%) and 4 bedrooms (15%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Merino
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Merino [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL21658/merino/topic/housing-dwellings