Housing rental payments
In Rural Balance, 4.5% 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 Rural Balance 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||%||City of Melton %|
|$1 - $74||4||2.2||0.8||24002|
|$75 - $99||3||1.5||1.5||24003|
|$100 - $124||3||1.5||1.7||24004|
|$125 - $149||15||7.4||1.7||24005|
|$150 - $174||40||19.8||3.7||24006|
|$175 - $199||16||8.0||4.3||24007|
|$200 - $224||20||9.9||9.4||24008|
|$225 - $249||12||6.0||9.8||24009|
|$250 - $274||21||10.3||15.0||24010|
|$275 - $299||3||1.5||11.4||24011|
|$300 - $324||11||5.7||14.0||24012|
|$325 - $349||0||0.0||6.4||24013|
|$350 - $374||4||2.0||7.0||24014|
|$375 - $399||3||1.5||2.5||24015|
|$400 - $424||3||1.5||1.9||24016|
|$425 - $449||3||1.5||0.3||24017|
|$450 - $549||3||1.5||1.2||24018|
|$550 - $649||0||0.0||0.5||24019|
|$650 - $749||0||0.0||0.1||24020|
|$750 - $849||0||0.0||0.1||24021|
|$850 - $949||0||0.0||0.0||24022|
|Rent not stated||14||6.9||3.4||24024|
|Total households renting||202||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 Rural Balance compared to the City of Melton 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, 4.5% of households were paying high rental payments, and 24.0% were paying low payments, compared with 4.7% and 8.4% respectively in the City of Melton.
The major differences between the housing rental payments of Rural Balance and the City of Melton were:
- A larger percentage of $150 - $174 (19.8% compared to 3.7%)
- A larger percentage of Nil (11.3% compared to 2.7%)
- A larger percentage of $125 - $149 (7.4% compared to 1.7%)
- A smaller percentage of $325 - $349 (0.0% compared to 6.4%)