$300 —
Higher than 57% of suburb / locality areas.
- 2016: $101
- 2021: $300
Median weekly rent paid by households renting their home.
Vervale · Suburb / Locality
Where and how people live — the homes, how they are held, and what they cost.
Monthly mortgage payments of $2,817 are among the highest for similar areas, making home ownership expensive in Vervale. While mortgage costs are very high, renting is more affordable than in most of the country.
All suburb / locality areas, 2021. The marker is Vervale — higher than 57% of areas.
Rents, mortgages and crowding.
The typical monthly home loan payment is $2,817, which is well above the Victorian figure of $1,859. In contrast, weekly rent is a little below the state average at $300, and well below the national figure of $375.
$300 —
Higher than 57% of suburb / locality areas.
Median weekly rent paid by households renting their home.
$2,817 —
Higher than 90% of suburb / locality areas.
Median monthly mortgage repayment for households with a mortgage.
In Vervale, $200–$349 is the majority at 100%.
How homes are owned or rented.
The most common how homes are owned or rented is Owned outright at 39%, ahead of Rented (28%).
In Vervale, the largest group is Owned outright at 47%, followed by Rented (33%) and Owned with a mortgage (20%).
Houses, townhouses, apartments and bedrooms.
Homes in the area are used efficiently, with 0.80 people per bedroom. This is higher than most similar areas, though it is about the same as the figures for Victoria and Australia.
0.80 —
Lower than 57% of suburb / locality areas.
Average number of usual residents per bedroom — a crowding measure.
In Vervale, Separate house is the majority at 100%.
In Vervale, 3 bedrooms is the majority at 73%; 4 bedrooms is next at 27%.
Australian Bureau of Statistics. (2021). Housing & Dwellings in Vervale [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22629/vervale/topic/housing-dwellings