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LEARN MORE ABOUT .idIn Lakes Entrance (Overlay), 63% of households were purchasing or fully owned their home, 19.1% were renting privately, and 5.7% were in social housing in 2021.
Lakes Entrance (Overlay)'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 Lakes Entrance (Overlay), Tenure data is useful for analysing housing markets, housing affordability and identifying public housing areas.
Further reading: How can Councils influence affordable housing.
Q:
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?'
Dominant groups
Analysis of the housing tenure of households of Lakes Entrance (Overlay) in 2021 compared to Bruthen shows that there was a larger proportion of households who owned their dwelling; a smaller proportion purchasing their dwelling; and a larger proportion who were renters.
Overall, 45.3% of households owned their dwelling; 17.4% were purchasing, and 25.1% were renting, compared with 40.6%, 41.3% and 10.3% respectively for Bruthen.
Emerging groups
The largest changes in housing tenure categories for the households in Lakes Entrance (Overlay) between 2016 and 2021 were:
- Fully owned (+223 households)
- Renting - Private (+60 households)
The total number of households in Lakes Entrance (Overlay) increased by 313 between 2016 and 2021.
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