# Housing & Dwellings — Binalong Bay

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

Area: Binalong Bay (Urban Centre)

Over half of all homes in Binalong Bay are owned outright, far exceeding the national figure. This creates a unique housing landscape where the typical resident has no mortgage and housing costs remain well below the Australian average.

The typical weekly rent is $280 and the usual monthly mortgage payment is $1,250, both of which are well below the national figures. While rents have risen by $20 since 2016, monthly mortgage payments have fallen by $23 over the last decade.

Every single home in Binalong Bay is a separate detached house. However, there are fewer large homes than usual, as the share of houses with three or more bedrooms fell to 68.6% since 2011.

Home ownership is very high here, with 56.2% of homes owned outright, a figure far above both the state and national averages. This has increased by 29 points since 2011, while the share of households renting rose to 23.1% in the same period.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Median rent (weekly) | $280 | — |
| Median mortgage repayment (monthly) | $1,250 | -1.8% since 2011 |
| Average people per bedroom | 0.70 | -36.4% since 2011 |
| Households renting | 23.1% | +45.9% since 2011 |
| Homes owned outright | 56.2% | +108.9% since 2011 |
| Separate (detached) houses | 100.0% | +0.0% since 2011 |
| Homes with three or more bedrooms | 68.6% | -16.7% since 2011 |

**How homes are owned or rented** — Owned outright 56.2%, Rented 23.1%, Owned with a mortgage 19.0%, Not stated 5.0%, Other tenure 2.5%

**Types of homes** — Separate house 100.0%

**Bedrooms per home** — 3 bedrooms 49.6%, 2 bedrooms 25.6%, 4 bedrooms 14.0%, 5 or more 5.0%, 1 bedroom 4.1%

**Weekly rent distribution** — $200–$349 85.7%, Under $200 14.3%, $350–$549 14.3%

**Monthly mortgage distribution** — $1,000–$1,799 30.4%, $1,800–$2,999 17.4%, Under $1,000 13.0%

Interactive: https://censusatlas.au/region/ucl/UCL622001/binalong-bay/topic/housing-dwellings