Housing rental payments
In the G21 Region, 6.7% of renting households were paying more than $400 per week in rent.
Rental payments can be a better measure of the cost of housing in the G21 Region 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|
|Weekly rental amount||Number||%||Greater Melbourne|
|$1 - $74||589||2.3||1.3||24002|
|$75 - $99||1,140||4.4||3.3||24003|
|$100 - $124||1,240||4.8||2.1||24004|
|$125 - $149||1,346||5.2||2.1||24005|
|$150 - $174||2,010||7.7||2.9||24006|
|$175 - $199||1,896||7.3||2.9||24007|
|$200 - $224||2,774||10.6||5.2||24008|
|$225 - $249||1,943||7.5||5.3||24009|
|$250 - $274||2,923||11.2||8.4||24010|
|$275 - $299||1,854||7.1||7.7||24011|
|$300 - $324||2,070||7.9||11.6||24012|
|$325 - $349||880||3.4||6.4||24013|
|$350 - $374||1,086||4.2||7.9||24014|
|$375 - $399||527||2.0||4.6||24015|
|$400 - $424||583||2.2||4.9||24016|
|$425 - $449||199||0.8||2.1||24017|
|$450 - $549||551||2.1||7.6||24018|
|$550 - $649||124||0.5||3.1||24019|
|$650 - $749||76||0.3||1.5||24020|
|$750 - $849||49||0.2||0.8||24021|
|$850 - $949||34||0.1||0.4||24022|
|Rent not stated||964||3.7||3.7||24024|
|Total households renting||26,059||100.0||100.0|
Analysis of the weekly housing rental payments of households in the G21 Region compared to Greater Melbourne shows that there was a smaller 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, 6.7% of households were paying high rental payments, and 20.7% were paying low payments, compared with 21.7% and 11.7% respectively in Greater Melbourne.
The major differences between the housing rental payments of the G21 Region and Greater Melbourne were:
- A larger percentage of $200 - $224 (10.6% compared to 5.2%)
- A larger percentage of $150 - $174 (7.7% compared to 2.9%)
- A larger percentage of $175 - $199 (7.3% compared to 2.9%)
- A smaller percentage of $450 - $549 (2.1% compared to 7.6%)