$53 —
Lower than 99% of suburb / locality areas.
Median weekly rent paid by households renting their home.
Speed · Suburb / Locality
Housing & Dwellings in Speed
Where and how people live — the homes, how they are held, and what they cost.
Among the lowest costs for its level, Speed is a very affordable place to live. Most of the housing is owned outright and there are no renters in the area. The typical monthly mortgage is just $433, which is far below the state and national figures.
$53
—
- $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 Speed — lower than 99% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rent is very low at $53, and a typical monthly mortgage payment of $433 is far below the Victoria average of $1,859.
$433 —
Lower than 99% of suburb / locality areas.
- 2016: $433
- 2021: $433
Median monthly mortgage repayment for households with a mortgage.
Owning & renting
How homes are owned or rented.
Home ownership is very high, with 57.1% of homes owned outright, far above the national figure of 31.0%. No households in the area are renting.
0.0% —
Lower than 99% of suburb / locality areas.
- 2016: 0.0%
- 2021: 0.0%
Share of occupied private dwellings that are rented.
57.1% —
Higher than 88% of suburb / locality areas.
- 2016: 88.5%
- 2021: 57.1%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Speed, Owned outright is the majority at 80%; Owned with a mortgage is next at 20%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Every home in Speed is a separate house, with 76.2% having three or more bedrooms. Despite the house sizes, there are only 0.60 people per bedroom, which is well below the national figure.
0.60 —
Lower than 93% of suburb / locality areas.
- 2016: 0.60
- 2021: 0.60
Average number of usual residents per bedroom — a crowding measure.
100.0% —
Higher than 99% of suburb / locality areas.
- 2016: 100.0%
- 2021: 100.0%
Share of occupied private dwellings that are separate houses.
76.2% —
Lower than 59% of suburb / locality areas.
- 2016: 100.0%
- 2021: 76.2%
Share of occupied private dwellings with three or more bedrooms.
Bedrooms per home
View on map →Speed splits fairly evenly between 3 bedrooms (35%) and 4 bedrooms (30%), with 2 bedrooms at 20%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Speed
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Speed [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22318/speed/topic/housing-dwellings