Nichols Point · Urban Centre

Housing & Dwellings in Nichols Point

Where and how people live — the homes, how they are held, and what they cost.

Nearly every home in Nichols Point is a separate house, with 91.4% having three or more bedrooms. This creates a landscape of large family dwellings, though the typical monthly mortgage payment has climbed steeply to $2,000.

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📍 Nichols Point, Urban Centre

Where Nichols Point sits — Median rent (weekly)

$390
  • $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 Nichols Point — higher than 86% of areas.

Median rent (weekly) compared with the state and national average
Nichols Point$390
3501, VIC $231
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rents are $390, which is much higher than most areas. Monthly mortgage payments have also risen significantly, climbing $800 since 2011 to reach $2,000.

$390

Higher than 86% of urban centre areas.

  • 2016: $210
  • 2021: $390

Median weekly rent paid by households renting their home.

$2,000 ▲ +66.7%

Higher than 88% of urban centre areas.

  • 2011: $1,200
  • 2016: $1,517
  • 2021: $2,000

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Nichols Point, $350–$549 is the majority at 100%.

Monthly mortgage distribution

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In Nichols Point, the largest group is $1,800–$2,999 at 41%, followed by $1,000–$1,799 (30%) and $3,000 or more (18%).

Owning & renting

How homes are owned or rented.

Most residents own their homes with a mortgage (64.6%), while only 3.5% rent, a figure far below the national average. Those owning their home outright fell to 27.8% in 2021, down 35 points since 2011.

3.5% ▼ -51.7%

Lower than 99% of urban centre areas.

  • 2011: 7.3%
  • 2016: 11.2%
  • 2021: 3.5%

Share of occupied private dwellings that are rented.

27.8% ▼ -55.9%

Lower than 80% of urban centre areas.

  • 2011: 62.9%
  • 2016: 37.8%
  • 2021: 27.8%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Nichols Point, Owned with a mortgage is the majority at 67%; Owned outright is next at 29%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses make up 100% of the area, far above the state and national figures. These homes are generally large, with 59.6% having four bedrooms and 11.1% having five or more.

0.80 ▼ -20.0%

Higher than 57% of urban centre areas.

  • 2011: 1.00
  • 2016: 0.80
  • 2021: 0.80

Average number of usual residents per bedroom — a crowding measure.

100.0% → 0.0%

Higher than 99% of urban centre areas.

  • 2011: 100.0%
  • 2016: 96.4%
  • 2021: 100.0%

Share of occupied private dwellings that are separate houses.

91.4% ▲ +1.9%

Higher than 89% of urban centre areas.

  • 2011: 89.7%
  • 2016: 79.9%
  • 2021: 91.4%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Nichols Point, Separate house is the majority at 100%.

Bedrooms per home

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In Nichols Point, 4 bedrooms is the majority at 61%; 3 bedrooms is next at 21%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Nichols Point

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Nichols Point [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/ucl/UCL221055/nichols-point/topic/housing-dwellings