In Broadmeadows 51% of households are purchasing or fully own their home.
Broadmeadows'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 Broadmeadows, 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?'
|Tenure type||Number||%||Hume City||Number||%||Hume City||2006 to 2011|
|Renting - Social housing||520||14.9||3.1||540||16.0||3.5||-20||22004|
|Renting - Private||673||19.3||16.3||535||15.8||13.8||+138||22005|
|Renting - Not stated||14||0.4||0.4||14||0.4||0.5||0||22006|
|Other tenure type||28||0.8||0.5||15||0.5||0.4||+13||22007|
Analysis of the housing tenure of the population of Broadmeadows in 2011 compared to Hume City 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, 25.5% of the population owned their dwelling; 25.6% were purchasing, and 34.6% were renting, compared with 27.9%, 45.5% and 19.8% respectively for Hume City.
The largest changes in housing tenure categories for the households in Broadmeadows between 2006 and 2011 were:
- Renting - Private (+138 persons)
- Fully owned (-53 persons)
The total number of households in Broadmeadows increased by 106 between 2006 and 2011.