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LEARN MORE ABOUT .idIn Cooks River Catchment area, 57.9% 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 Cooks River Catchment area 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.
'How much does your household pay for this dwelling?' and 'Is this dwelling (owned outright, owned with a mortgage etc.)'
Weekly housing rental payments | |||
---|---|---|---|
Cooks River Catchment area - Households (Enumerated) | 2021 | ||
Weekly rental amount | Number | % | Hurlstone Park % |
Less than $100 | 1,191 | 1.3 | 1.2 |
$100-$149 | 4,071 | 4.6 | 2.5 |
$150-$199 | 2,231 | 2.5 | 2.0 |
$200-$249 | 2,217 | 2.5 | 2.8 |
$250-$299 | 2,937 | 3.3 | 2.5 |
$300-$349 | 5,522 | 6.2 | 5.0 |
$350-$399 | 7,766 | 8.7 | 12.4 |
$400-$449 | 8,677 | 9.7 | 15.8 |
$450-$499 | 9,202 | 10.3 | 13.9 |
$500-$549 | 9,287 | 10.4 | 9.8 |
$550-$649 | 14,542 | 16.3 | 15.3 |
$650-$749 | 9,518 | 10.7 | 8.1 |
$750-$849 | 4,448 | 5.0 | 3.6 |
$850+ | 4,713 | 5.3 | 3.8 |
Not stated | 2,935 | 3.3 | 1.3 |
Total households renting | 89,257 | 100.0 | 100.0 |
Analysis of the weekly housing rental payments of households in Cooks River Catchment area compared to Hurlstone Park shows that there was a larger proportion of households paying high rental payments ($450 per week or more), as well as a larger proportion of households with low rental payments (less than $250 per week).
Overall, 57.9% of households were paying high rental payments, and 10.9% were paying low payments, compared with 54.6% and 8.5% respectively in Hurlstone Park.
The major differences between the housing rental payments of Cooks River Catchment area and Hurlstone Park were:
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