Pascoe Vale South
In Pascoe Vale South, 75% of households were purchasing or fully owned their home, 18.4% were renting privately, and 0.6% were in social housing in 2011.
Pascoe Vale South'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-nesters (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 Pascoe Vale South, 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?'
|Pascoe Vale South||2011||2006||Change|
|Tenure type||Number||%||City of Moreland %||Number||%||City of Moreland %||2006 to 2011|
|Renting - Social housing||21||0.6||2.8||25||0.7||2.9||-4||22004|
|Renting - Private||656||18.4||28.8||594||16.9||25.8||+62||22005|
|Renting - Not stated||18||0.5||0.8||12||0.3||0.7||+6||22006|
|Other tenure type||26||0.7||0.5||13||0.4||0.4||+13||22007|
Analysis of the housing tenure of the population of Pascoe Vale South in 2011 compared to the City of Moreland shows that there was a larger proportion of households who owned their dwelling; a larger proportion purchasing their dwelling; and a smaller proportion who were renters.
Overall, 41.2% of the population owned their dwelling; 33.8% were purchasing, and 19.5% were renting, compared with 32.6%, 27.6% and 32.4% respectively for the City of Moreland.
The largest changes in housing tenure categories for the households in Pascoe Vale South between 2006 and 2011 were:
- Fully owned (-83 persons)
- Renting - Private (+62 persons)
- Mortgage (+62 persons)
The total number of households in Pascoe Vale South increased by 43 between 2006 and 2011.