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LEARN MORE ABOUT .idIn Victoria, 66% of households were purchasing or fully owned their home, 24.9% were renting privately, and 2.5% were in social housing in 2021.
Victoria's Housing Tenure data provides insights into its socio-economic status as well as the role it plays in the housing market. For example, a high concentration of private renters may indicate a transient area attractive to young singles and couples, while a concentration of home owners indicates a more settled area with mature families and empty-nesters (Household Summary). Tenure can also reflect built form (Dwelling Type), with a significantly higher share of renters in high density housing and a substantially larger proportion of home-owners in separate houses, although this is not always the case.
In conjunction with other socio-economic status indicators in Victoria, Tenure data is useful for analysing housing markets, housing affordability and identifying public housing areas.
Further reading: How can Councils influence affordable housing.
'Is this dwelling (owned outright, owned with a mortgage etc.)', and 'If this dwelling is being rented, who is it rented from?'
Housing tenure | |||||||
---|---|---|---|---|---|---|---|
Victoria - Households (Enumerated) | 2021 | 2006 | Change | ||||
Tenure type | Number | % | Regional Australia % | Number | % | Regional Australia % | 2006 to 2021 |
Fully owned | 777,176 | 31.0 | 34.5 | 648,936 | 34.7 | 35.8 | +128,240 |
Mortgage | 866,575 | 34.6 | 29.8 | 634,803 | 34.0 | 29.1 | +231,772 |
Renting - Total | 689,931 | 27.5 | 26.5 | 428,416 | 22.9 | 25.5 | +261,515 |
Renting - Social housing | 61,589 | 2.5 | 3.8 | 62,247 | 3.3 | 4.9 | -658 |
Renting - Private | 624,671 | 24.9 | 22.4 | 362,097 | 19.4 | 20.3 | +262,574 |
Renting - Not stated | 3,671 | 0.1 | 0.2 | 4,072 | 0.2 | 0.3 | -401 |
Other tenure type | 43,262 | 1.7 | 2.5 | 31,126 | 1.7 | 2.8 | +12,136 |
Not stated | 130,688 | 5.2 | 6.8 | 126,111 | 6.7 | 6.8 | +4,577 |
Total households | 2,507,632 | 100.0 | 100.0 | 1,869,392 | 100.0 | 100.0 | +638,240 |
Analysis of the housing tenure of households of Victoria in 2021 compared to Regional Australia shows that there was a smaller proportion of households who owned their dwelling; a larger proportion purchasing their dwelling; and a larger proportion who were renters.
Overall, 31.0% of households owned their dwelling; 34.6% were purchasing, and 27.5% were renting, compared with 34.5%, 29.8% and 26.5% respectively for Regional Australia.
The largest changes in housing tenure categories for the households in Victoria between 2006 and 2021 were:
The total number of households in Victoria increased by 638,240 between 2006 and 2021.
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