$280 —
Higher than 52% of urban centre areas.
- 2016: $293
- 2021: $280
Median weekly rent paid by households renting their home.
Koroit · Urban Centre
Housing & Dwellings in Koroit
Where and how people live — the homes, how they are held, and what they cost.
More people own their homes outright in Koroit than they did in 2011, with 39.0% of residents now owning their place fully. This reflects a broader shift towards home ownership in a town where detached houses are the norm and housing costs are well below state and national levels.
$280
—
- $0–$21: 2 areas
- $21–$43: 6 areas
- $43–$64: 18 areas
- $64–$86: 38 areas
- $86–$107: 35 areas
- $107–$129: 46 areas
- $129–$150: 25 areas
- $150–$171: 104 areas
- $171–$193: 82 areas
- $193–$214: 143 areas
- $214–$236: 130 areas
- $236–$257: 175 areas
- $257–$279: 114 areas
- $279–$300: 125 areas
- $300–$321: 194 areas
- $321–$343: 101 areas
- $343–$364: 128 areas
- $364–$386: 82 areas
- $386–$407: 92 areas
- $407–$429: 41 areas
- $429–$450: 24 areas
- $450–$471: 32 areas
- $471–$493: 13 areas
- $493–$514: 19 areas
- $514–$536: 14 areas
- $536–$557: 9 areas
- $557–$579: 6 areas
- $579–$600: 15 areas
All urban centre areas, 2021. The marker is Koroit — higher than 52% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly home-loan payments are $1,347, which is well below the Victorian figure of $1,859. Weekly rents are also much lower than the national average, sitting at $280.
$1,347 ▼ -7.7%
Lower than 53% of urban centre areas.
- 2011: $1,460
- 2016: $1,540
- 2021: $1,347
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Koroit, $200–$349 is the majority at 64%; $350–$549 is next at 22%.
Monthly mortgage distribution
View on map →In Koroit, $1,000–$1,799 is the majority at 56%; Under $1,000 is next at 24%.
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 39.0% of homes owned outright, well above the national figure of 31.0%. Only 19.5% of households rent, which is far below the Australian average of 30.6%.
19.5% ▲ +9.6%
Lower than 57% of urban centre areas.
- 2011: 17.8%
- 2016: 27.5%
- 2021: 19.5%
Share of occupied private dwellings that are rented.
39.0% ▲ +46.1%
Lower than 52% of urban centre areas.
- 2011: 26.7%
- 2016: 37.0%
- 2021: 39.0%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →Koroit splits fairly evenly between Owned outright (39%) and Owned with a mortgage (37%), with Rented at 20%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 93.4% of the market, far above the Victorian figure of 73.4%. These homes tend to be large, with 83.0% having three or more bedrooms, which is well above the national average.
0.80 ▼ -27.3%
Higher than 57% of urban centre areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
93.4% ▲ +1.0%
Higher than 50% of urban centre areas.
- 2011: 92.5%
- 2016: 86.2%
- 2021: 93.4%
Share of occupied private dwellings that are separate houses.
83.0% ▼ -2.4%
Higher than 69% of urban centre areas.
- 2011: 85.0%
- 2016: 72.8%
- 2021: 83.0%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Koroit, Separate house is the majority at 95%; Townhouse / semi-detached is next at 5%.
Bedrooms per home
View on map →In Koroit, 3 bedrooms is the majority at 54%; 4 bedrooms is next at 28%.
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Koroit
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Koroit [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/ucl/UCL215044/koroit/topic/housing-dwellings