$1,000 —
Lower than 86% of suburb / locality areas.
- 2016: $867
- 2021: $1,000
Median monthly mortgage repayment for households with a mortgage.
Redcastle · Suburb / Locality
Where and how people live — the homes, how they are held, and what they cost.
A typical monthly mortgage payment of just $1,000 makes housing in Redcastle far more affordable than in most other areas. This is a place where home ownership is the norm and the cost of living is significantly lower than the state and national figures.
Rents, mortgages and crowding.
Typical monthly home-loan payments are far below the Victorian figure of $1,859, coming in at $1,000, which is much lower than most areas.
$1,000 —
Lower than 86% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
In Redcastle, $1,000–$1,799 is the majority at 62%; Under $1,000 is next at 38%.
How homes are owned or rented.
More than half of residents (56.7%) own their homes outright, a figure far above the national average of 31%. This helps explain why there are no renters in the area.
0.0% —
Lower than 99% of suburb / locality areas.
Share of occupied private dwellings that are rented.
56.7% —
Higher than 87% of suburb / locality areas.
Share of occupied private dwellings owned outright (no mortgage).
In Redcastle, Owned outright is the majority at 68%; Owned with a mortgage is next at 32%.
Houses, townhouses, apartments and bedrooms.
Every single home in Redcastle is a separate house. While 70% of these have three or more bedrooms, the number of people per bedroom is a little below the national figure at 0.70.
0.70 —
Lower than 86% of suburb / locality areas.
Average number of usual residents per bedroom — a crowding measure.
100.0% —
Higher than 99% of suburb / locality areas.
Share of occupied private dwellings that are separate houses.
70.0% —
Lower than 73% of suburb / locality areas.
Share of occupied private dwellings with three or more bedrooms.
In Redcastle, Separate house is the majority at 100%.
In Redcastle, 3 bedrooms is the majority at 72%; 2 bedrooms is next at 16%.
Australian Bureau of Statistics. (2021). Housing & Dwellings in Redcastle [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22153/redcastle/topic/housing-dwellings