City of Belmont
In City of Belmont 54% of households are purchasing or fully own their home.
City of Belmont'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-nester 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 City of Belmont, Tenure data is useful for analysing housing markets, housing affordability and identifying public housing areas.
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?'
|City of Belmont||2011||2006||Change|
|Tenure type||Number||%||EMRC area||Number||%||EMRC area||2006 to 2011|
|Renting - Social housing||1,262||8.6||4.2||1,203||9.1||4.2||+59||22004|
|Renting - Private||4,131||28.3||19.7||3,430||25.9||18.0||+701||22005|
|Renting - Not stated||112||0.8||0.5||118||0.9||0.6||-6||22006|
|Other tenure type||74||0.5||0.7||54||0.4||0.6||+20||22007|
Analysis of the housing tenure of the population of City of Belmont in 2011 compared to EMRC area 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, 24.3% of the population owned their dwelling; 29.5% were purchasing, and 37.7% were renting, compared with 28.3%, 40.4% and 24.4% respectively for EMRC area.
The largest changes in housing tenure categories for the households in City of Belmont between 2006 and 2011 were:
- Renting - Private (+701 persons)
- Mortgage (+563 persons)
- Renting - Social housing (+59 persons)
The total number of households in City of Belmont increased by 1,359 between 2006 and 2011.