$462 ▲ +30.1%
Higher than 89% of suburb / locality areas.
- 2011: $355
- 2016: $420
- 2021: $462
Median weekly rent paid by households renting their home.
Princes Hill · Suburb / Locality
Housing & Dwellings in Princes Hill
Where and how people live — the homes, how they are held, and what they cost.
Far fewer detached houses are found in Princes Hill than in the rest of the country, with only 14.3% of homes being separate houses. This is a high-cost area where typical mortgage payments are much higher than the national figure. Renting is also very common here compared to other parts of Australia.
$462
▲ +30.1%
- $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 Princes Hill — higher than 89% of areas.
Housing costs
Rents, mortgages and crowding.
Housing is expensive in this area, with typical monthly mortgage payments of $3,000, which is far above the Victorian figure of $1,859. Typical weekly rent is also a little above the national figure at $462.
$3,000 ▲ +39.5%
Higher than 92% of suburb / locality areas.
- 2011: $2,150
- 2016: $2,383
- 2021: $3,000
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Princes Hill, the largest group is $350–$549 at 32%, followed by $550–$749 (19%) and $750 or more (18%).
Monthly mortgage distribution
View on map →In Princes Hill, $3,000 or more is the majority at 53%; $1,800–$2,999 is next at 23%.
Owning & renting
How homes are owned or rented.
Renters make up 42.0% of households, a figure far above the national average of 30.6%. Meanwhile, homes owned outright are well above the Victorian average at 35.5%.
42.0% ▼ -7.3%
Higher than 89% of suburb / locality areas.
- 2011: 45.3%
- 2016: 45.0%
- 2021: 42.0%
Share of occupied private dwellings that are rented.
35.5% ▲ +7.7%
Lower than 66% of suburb / locality areas.
- 2011: 32.9%
- 2016: 34.5%
- 2021: 35.5%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Princes Hill, the largest group is Rented at 42%, followed by Owned outright (35%) and Owned with a mortgage (17%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Townhouses and flats are the most common homes, and separate houses are far below the national figure. With only 52.1% of homes having three or more bedrooms, there are a little more people per bedroom here than in the rest of Australia.
0.90 ▼ -18.2%
Higher than 86% of suburb / locality areas.
- 2011: 1.10
- 2016: 0.90
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
14.3% ▼ -1.2%
Lower than 99% of suburb / locality areas.
- 2011: 14.4%
- 2016: 20.7%
- 2021: 14.3%
Share of occupied private dwellings that are separate houses.
52.1% ▲ +7.9%
Lower than 90% of suburb / locality areas.
- 2011: 48.3%
- 2016: 50.8%
- 2021: 52.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Princes Hill, Townhouse / semi-detached is the majority at 57%; Flat or apartment is next at 29%.
Bedrooms per home
View on map →Princes Hill splits fairly evenly between 3 bedrooms (37%) and 2 bedrooms (36%), with 4 bedrooms at 12%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Princes Hill
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Princes Hill [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22122/princes-hill/topic/housing-dwellings