$415 ▲ +15.3%
Higher than 85% of suburb / locality areas.
- 2011: $360
- 2016: $410
- 2021: $415
Median weekly rent paid by households renting their home.
South Yarra · Suburb / Locality
Housing & Dwellings in South Yarra
Where and how people live — the homes, how they are held, and what they cost.
A shift towards high-density living has made South Yarra one of the most rented areas in the region. This suburb is now dominated by apartments, with the typical weekly rent of $415 and monthly mortgage payments of $2,100 both sitting much higher than in most other areas.
$415
▲ +15.3%
- $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 South Yarra — higher than 85% of areas.
Housing costs
Rents, mortgages and crowding.
Housing is expensive here, with both typical rents and mortgage payments sitting a little above the state and national figures. Nearly 30% of homeowners pay $3,000 or more each month on their mortgage, and almost half of renters pay between $350 and $549 a week.
$2,100 ▼ -8.7%
Higher than 76% of suburb / locality areas.
- 2011: $2,300
- 2016: $2,000
- 2021: $2,100
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In South Yarra, the largest group is $350–$549 at 46%, followed by $200–$349 (23%) and $550–$749 (16%).
Monthly mortgage distribution
View on map →South Yarra splits fairly evenly between $3,000 or more (32%) and $1,800–$2,999 (30%), with $1,000–$1,799 at 27%.
Owning & renting
How homes are owned or rented.
Renting is far more common in South Yarra than elsewhere, with 61.8% of households renting—a figure far above the Victorian average of 28.5%. Meanwhile, homes owned outright are among the lowest at this level, at just 17.8%.
61.8% ▲ +1.5%
Higher than 98% of suburb / locality areas.
- 2011: 60.8%
- 2016: 64.5%
- 2021: 61.8%
Share of occupied private dwellings that are rented.
17.8% ▼ -11.3%
Lower than 92% of suburb / locality areas.
- 2011: 20.1%
- 2016: 16.8%
- 2021: 17.8%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In South Yarra, Rented is the majority at 62%; Owned outright is next at 18%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Apartments make up 79.5% of the housing stock, while separate houses are very rare at only 7.4%. Because there are so few large homes—with three-bedroom places far below the state average—there are slightly more people per bedroom than in the typical Australian home.
0.90 ▼ -25.0%
Higher than 86% of suburb / locality areas.
- 2011: 1.20
- 2016: 1.00
- 2021: 0.90
Average number of usual residents per bedroom — a crowding measure.
7.4% ▼ -50.6%
Lower than 99% of suburb / locality areas.
- 2011: 14.9%
- 2016: 7.1%
- 2021: 7.4%
Share of occupied private dwellings that are separate houses.
20.9% ▼ -19.4%
Lower than 99% of suburb / locality areas.
- 2011: 25.9%
- 2016: 20.9%
- 2021: 20.9%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In South Yarra, Flat or apartment is the majority at 80%; Townhouse / semi-detached is next at 13%.
Bedrooms per home
View on map →In South Yarra, the largest group is 2 bedrooms at 47%, followed by 1 bedroom (31%) and 3 bedrooms (17%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for South Yarra
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in South Yarra [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22314/south-yarra/topic/housing-dwellings