Housing rental payments
In Warrnambool (North), 4.7% of renting households were paying more than $400 per week in rent.
Rental payments can be a better measure of the cost of housing in Warrnambool (North) 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||%||Warrnambool City|
|$1 - $74||7||2.2||2.5||24002|
|$75 - $99||13||4.1||5.3||24003|
|$100 - $124||15||5.0||5.3||24004|
|$125 - $149||3||0.9||4.6||24005|
|$150 - $174||30||9.5||8.6||24006|
|$175 - $199||36||11.4||9.1||24007|
|$200 - $224||34||11.0||10.4||24008|
|$225 - $249||26||8.5||7.0||24009|
|$250 - $274||45||14.5||11.1||24010|
|$275 - $299||20||6.3||6.6||24011|
|$300 - $324||21||6.9||8.0||24012|
|$325 - $349||19||6.3||3.6||24013|
|$350 - $374||10||3.3||5.0||24014|
|$375 - $399||5||1.6||1.7||24015|
|$400 - $424||4||1.3||1.8||24016|
|$425 - $449||4||1.3||0.3||24017|
|$450 - $549||4||1.3||1.6||24018|
|$550 - $649||0||0.0||0.4||24019|
|$650 - $749||0||0.0||0.1||24020|
|$750 - $849||3||0.9||0.1||24021|
|$850 - $949||0||0.0||0.0||24022|
|Rent Not stated||11||3.5||3.6||24024|
|Total households renting||315||100.0||100.0|
Analysis of the weekly housing rental payments of households in Warrnambool (North) compared to Warrnambool City shows that there was a similar proportion of households paying high rental payments ($400 per week or more), and a smaller proportion of households with low rental payments (less than $150 per week).
Overall, 4.7% of households were paying high rental payments, and 12.3% were paying low payments, compared with 5.0% and 20.3% respectively in Warrnambool City.
The major differences between the housing rental payments of Warrnambool (North) and Warrnambool City were:
- A larger percentage of $250 - $274 (14.5% compared to 11.1%)
- A larger percentage of $325 - $349 (6.3% compared to 3.6%)
- A larger percentage of $175 - $199 (11.4% compared to 9.1%)
- A larger percentage of $225 - $249 (8.5% compared to 7.0%)