# Housing & Dwellings — Timboon

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

Area: Timboon (Urban Centre)

Far lower housing costs make Timboon (L) an affordable place to live, with typical monthly mortgage payments of $1,148. This is well below the national figure, reflecting a market where home ownership is more attainable than in most other areas.

Typical weekly rent is $260, which is well below the Victorian figure of $370. This follows a downward trend, as rent fell $130 since 2016, while monthly mortgage payments also fell $845 since 2011.

Separate houses make up 96.7% of the market, far above the Victorian figure of 73.4%. These homes are typically large, with 83.7% having three or more bedrooms, though there are now fewer people per bedroom than in 2011.

Home ownership is very strong here, with 49.5% of homes owned outright—far above the national figure of 31%. Meanwhile, the 21.1% of households that rent is well below the Australian average of 30.6%.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Median rent (weekly) | $260 | — |
| Median mortgage repayment (monthly) | $1,148 | -42.4% since 2011 |
| Average people per bedroom | 0.70 | -36.4% since 2011 |
| Households renting | 21.1% | +6.4% since 2011 |
| Homes owned outright | 49.5% | +75.0% since 2011 |
| Separate (detached) houses | 96.7% | +4.2% since 2011 |
| Homes with three or more bedrooms | 83.7% | +5.2% since 2011 |

**How homes are owned or rented** — Owned outright 49.5%, Owned with a mortgage 25.7%, Rented 21.1%, Other tenure 1.8%, Not stated 0.9%

**Types of homes** — Separate house 96.7%, Townhouse / semi-detached 3.3%

**Bedrooms per home** — 3 bedrooms 61.3%, 4 bedrooms 20.8%, 2 bedrooms 12.4%, 1 bedroom 2.1%, 5 or more 1.5%

**Weekly rent distribution** — $200–$349 57.1%, Under $200 14.3%, $350–$549 5.7%

**Monthly mortgage distribution** — $1,000–$1,799 43.5%, Under $1,000 27.1%, $1,800–$2,999 12.9%, $3,000 or more 5.9%

Interactive: https://censusatlas.au/region/ucl/UCL221071/timboon/topic/housing-dwellings