$650 —
Lower than 95% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
Miga Lake · Suburb / Locality
Where and how people live — the homes, how they are held, and what they cost.
Low monthly mortgage payments make Miga Lake a much more affordable place to live than most of the country. While home loans are far cheaper here, the typical home is more crowded than usual.
Rents, mortgages and crowding.
The typical monthly home-loan payment is just $650, which is far below the Victorian figure of $1,859 and the national average of $1,863.
$650 —
Lower than 95% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
How homes are owned or rented.
The most common how homes are owned or rented is Owned outright at 73%, ahead of Other tenure (45%).
In Miga Lake, the largest group is Owned outright at 47%, followed by Other tenure (29%) and Owned with a mortgage (24%).
Houses, townhouses, apartments and bedrooms.
Homes here are a little more crowded than the state and national figures, with 0.90 people per bedroom, a rate much higher than most areas.
0.90 —
Higher than 86% of suburb / locality areas.
Average number of usual residents per bedroom — a crowding measure.
In Miga Lake, Separate house is the majority at 100%.
In Miga Lake, 3 bedrooms is the majority at 63%; 4 bedrooms is next at 38%.
Australian Bureau of Statistics. (2021). Housing & Dwellings in Miga Lake [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL21680/miga-lake/topic/housing-dwellings