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LEARN MORE ABOUT .idIn Cranbourne East, 69% of households were purchasing or fully owned their home, 22.2% were renting privately, and 0.3% were in social housing in 2021.
Cranbourne East'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 Cranbourne East, Tenure data is useful for analysing housing markets, housing affordability and identifying public housing areas.
Further reading: How can Councils influence affordable housing.
Q:
Derived from the Census questions:
'Is this dwelling (owned outright, owned with a mortgage etc.)', and 'If this dwelling is being rented, who is it rented from?'
Dominant groups
Analysis of the housing tenure of households of Cranbourne East in 2021 compared to Botanic Ridge shows that there was a smaller proportion of households who owned their dwelling; a smaller proportion purchasing their dwelling; and a larger proportion who were renters.
Overall, 14.6% of households owned their dwelling; 54.1% were purchasing, and 22.6% were renting, compared with 16.7%, 69.0% and 12.0% respectively for Botanic Ridge.
Emerging groups
The largest changes in housing tenure categories for the households in Cranbourne East between 2011 and 2021 were:
- Mortgage (+2,486 households)
- Renting - Private (+1,229 households)
- Fully owned (+613 households)
- Other tenure type (+205 households)
The total number of households in Cranbourne East increased by 4,764 between 2011 and 2021.
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