Housing rental payments
This topic has been updated with 2016 Census data for all areas. What's this?
In Mount Waverley, 42.9% of renting households were paying $450 or more per week in rent in 2016.
Rental payments can be a better measure of the cost of housing in Mount Waverley 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|
|Mount Waverley - Households (Enumerated)||2016|
|Weekly rental amount||Number||%||City of Monash %|
|$99 or less||81||3.3||3.8||26000|
|$100 - $149||32||1.3||4.1||26001|
|$150 - $199||50||2.0||3.8||26002|
|$200 - $249||23||0.9||3.8||26003|
|$250 - $299||47||1.9||4.5||26004|
|$300 - $349||197||8.0||11.6||26005|
|$350 - $399||508||20.6||18.7||26006|
|$400 - $449||416||16.9||14.9||26007|
|$450 - $549||676||27.4||18.6||26008|
|$550 - $649||283||11.5||7.7||26009|
|$650 - $749||67||2.7||2.6||26010|
|$750 - $849||17||0.7||0.9||26011|
|Total households renting||2,467||100.0||100.0|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016. 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 Mount Waverley compared to City of Monash shows that there was a larger proportion of households paying high rental payments ($450 per week or more), and a smaller proportion of households with low rental payments (less than $250 per week).
Overall, 42.9% of households were paying high rental payments, and 7.5% were paying low payments, compared with 31.4% and 15.5% respectively in City of Monash.
The major differences between the housing rental payments of Mount Waverley and City of Monash were:
- A larger percentage of $450 - $549 (27.4% compared to 18.6%)
- A larger percentage of $550 - $649 (11.5% compared to 7.7%)
- A smaller percentage of $300 - $349 (8.0% compared to 11.6%)
- A smaller percentage of $200 - $249 (0.9% compared to 3.8%)