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City of MaroondahCommunity profile

Ringwood

Housing rental payments

In Ringwood, 22.1% of renting households were paying $450 or more per week in rent in 2021.

Rental payments can be a better measure of the cost of housing in Ringwood 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.

Further reading: How can Councils influence affordable housing.

Q:

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.)'

Weekly housing rental payments
Ringwood - Households (Enumerated)2021
Weekly rental amountNumber%City of Maroondah %
Less than $100301.01.1
$100-$149923.03.7
$150-$1991274.23.2
$200-$249862.83.0
$250-$299923.04.0
$300-$34947315.514.4
$350-$39978925.923.9
$400-$44958619.218.1
$450-$4993009.811.3
$500-$5491775.85.9
$550-$6491314.34.6
$650-$749250.81.6
$750-$849190.60.5
$850+210.70.9
Not stated1003.33.8
Total households renting3,048100.0100.0
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Compiled and presented in profile.id by .id (informed decisions).
Please refer to specific data notes for more information

Dominant groups

Analysis of the weekly housing rental payments of households in Ringwood compared to the City of Maroondah shows that there was a smaller proportion of households paying high rental payments ($450 per week or more), and a similar proportion of households with low rental payments (less than $250 per week).

Overall, 22.1% of households were paying high rental payments, and 11.0% were paying low payments, compared with 24.8% and 11.0% respectively in the City of Maroondah.

The major differences between the housing rental payments of Ringwood and the City of Maroondah were:

  • A larger percentage of $350-$399 (25.9% compared to 23.9%)
  • A larger percentage of $400-$449 (19.2% compared to 18.1%)
  • A larger percentage of $300-$349 (15.5% compared to 14.4%)
  • A smaller percentage of $450-$499 (9.8% compared to 11.3%)

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