$195 —
Lower than 76% of suburb / locality areas.
- 2016: $150
- 2021: $195
Median weekly rent paid by households renting their home.
Redbank · Suburb / Locality
Housing & Dwellings in Redbank
Where and how people live — the homes, how they are held, and what they cost.
Housing in Redbank (Vic.) has remained remarkably affordable and stable, with a very high proportion of residents owning their homes outright. This creates a stark contrast to state trends, as the typical monthly mortgage payment is far below the Victorian figure.
$195
—
- $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 Redbank — lower than 76% of areas.
Housing costs
Rents, mortgages and crowding.
Housing costs are much lower than most areas. The typical monthly home loan payment of $964 is far below the $1,859 seen across Victoria, while typical weekly rents of $195 are also far below the state and national figures.
$964 —
Lower than 87% of suburb / locality areas.
- 2016: $650
- 2021: $964
Median monthly mortgage repayment for households with a mortgage.
Owning & renting
How homes are owned or rented.
Home ownership is very high here, with 63.8% of homes owned outright, which is far above the national figure of 31%. Consequently, the share of households renting is far below the state average at just 10.6%.
10.6% —
Lower than 71% of suburb / locality areas.
- 2016: 6.4%
- 2021: 10.6%
Share of occupied private dwellings that are rented.
63.8% —
Higher than 94% of suburb / locality areas.
- 2016: 66.0%
- 2021: 63.8%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Redbank, Owned outright is the majority at 65%; Owned with a mortgage is next at 24%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 91.5% of the local stock, which is far above the state average of 73.4%. However, homes tend to be smaller than in other areas, with 59.6% having three or more bedrooms, a figure far below the national average.
0.70 —
Lower than 86% of suburb / locality areas.
- 2016: 0.60
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
91.5% —
Lower than 64% of suburb / locality areas.
- 2016: 100.0%
- 2021: 91.5%
Share of occupied private dwellings that are separate houses.
59.6% —
Lower than 86% of suburb / locality areas.
- 2016: 76.6%
- 2021: 59.6%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Redbank, Separate house is the majority at 91%; Other dwelling is next at 9%.
Bedrooms per home
View on map →In Redbank, 3 bedrooms is the majority at 55%; 2 bedrooms is next at 23%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Redbank
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Redbank [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22152/redbank/topic/housing-dwellings