Colac Otway Shire
Housing rental payments
In Colac Otway Shire, 3.0% of renting households were paying more than $400 per week in rent in 2011.
Rental payments can be a better measure of the cost of housing in Colac Otway Shire than mortgage repayments because they are not contingent on length of occupancy or equity in the dwelling.
High rental payments may indicate desirable areas with mobile populations who prefer to rent, or a housing shortage, or gentrification. Low rental payments may indicate public housing (check Tenure Type), or areas where low income households move by necessity for a lower cost of living.
Rental payments are not directly comparable over time because of inflation. For comparison of rental payments over time, go to Housing Rental Quartiles.
Derived from the Census questions:
'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'
Households renting their dwelling
|Weekly housing rental payments|
|Colac Otway Shire - Households (Enumerated)||2011|
|Weekly rental amount||Number||%||Regional VIC %|
|$1 - $74||69||3.9||3.3||24002|
|$75 - $99||95||5.3||5.9||24003|
|$100 - $124||156||8.7||7.0||24004|
|$125 - $149||133||7.4||7.5||24005|
|$150 - $174||266||14.9||11.6||24006|
|$175 - $199||219||12.3||9.6||24007|
|$200 - $224||235||13.2||11.5||24008|
|$225 - $249||124||6.9||7.1||24009|
|$250 - $274||127||7.1||8.7||24010|
|$275 - $299||43||2.4||4.4||24011|
|$300 - $324||33||1.8||4.7||24012|
|$325 - $349||7||0.4||1.8||24013|
|$350 - $374||10||0.6||2.1||24014|
|$375 - $399||5||0.3||0.9||24015|
|$400 - $424||9||0.5||1.0||24016|
|$425 - $449||3||0.2||0.3||24017|
|$450 - $549||3||0.2||1.0||24018|
|$550 - $649||11||0.6||0.3||24019|
|$650 - $749||3||0.2||0.1||24020|
|$750 - $849||5||0.3||0.1||24021|
|$850 - $949||6||0.3||0.1||24022|
|Rent not stated||106||5.9||4.4||24024|
|Total households renting||1,787||100.0||100.0||24025|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2011. Compiled and presented in profile.id by .id (opens a new window), the population experts.
Compiled and presented in profile.id by .id, the population experts.
Analysis of the weekly housing rental payments of households in Colac Otway Shire compared to Regional VIC shows that there was a similar proportion of households paying high rental payments ($400 per week or more), and a larger proportion of households with low rental payments (less than $150 per week).
Overall, 3.0% of households were paying high rental payments, and 31.2% were paying low payments, compared with 3.5% and 29.5% respectively in Regional VIC.
The major differences between the housing rental payments of Colac Otway Shire and Regional VIC were:
- A larger percentage of $150 - $174 (14.9% compared to 11.6%)
- A larger percentage of $175 - $199 (12.3% compared to 9.6%)
- A larger percentage of $100 - $124 (8.7% compared to 7.0%)
- A smaller percentage of $250 - $274 (7.1% compared to 8.7%)