Chadstone
Housing tenure
In Chadstone, 56% of households were purchasing or fully owned their home, 31.0% were renting privately, and 7.1% were in social housing in 2021.
Chadstone'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 Chadstone, Tenure data is useful for analysing housing markets, housing affordability and identifying public housing areas.
Further reading: How can Councils influence affordable housing.
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?'
Households
| Housing tenure | ||||||||
|---|---|---|---|---|---|---|---|---|
| Chadstone - Households (Enumerated) | 2021 | 2016 | Change | |||||
| Tenure type | Number | % | City of Monash % | Number | % | City of Monash % | 2016 to 2021 | |
 Fully owned | 899 | 23.9 | 35.1 | 846 | 25.7 | 36.8 | +53 | 22001 |
| Mortgage | 1,203 | 31.9 | 29.2 | 946 | 28.7 | 28.0 | +257 | 22002 |
| Renting - Total | 1,443 | 38.3 | 29.4 | 1,204 | 36.6 | 27.8 | +239 | 22003 |
| Renting - Social housing | 269 | 7.1 | 2.1 | 264 | 8.0 | 2.2 | +5 | 22004 |
| Renting - Private | 1,167 | 31.0 | 27.2 | 935 | 28.4 | 25.5 | +232 | 22005 |
| Renting - Not stated | 7 | 0.2 | 0.1 | 5 | 0.2 | 0.1 | +2 | 22006 |
| Other tenure type | 52 | 1.4 | 2.2 | 45 | 1.4 | 1.7 | +7 | 22007 |
| Not stated | 172 | 4.6 | 4.0 | 253 | 7.7 | 5.7 | -81 | 22008 |
| Total households | 3,769 | 100.0 | 100.0 | 3,294 | 100.0 | 100.0 | +475 | |
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2016 and 2021. Compiled and presented by .id (opens a new window)(informed decisions).
(Enumerated data)
Compiled and presented in profile.id by .id (informed decisions).
Compiled and presented in profile.id by .id (informed decisions).
Dominant groups
Analysis of the housing tenure of households of Chadstone in 2021 compared to City of Monash shows that there was a smaller proportion of households who owned their dwelling; a larger proportion purchasing their dwelling; and a larger proportion who were renters.
Overall, 23.9% of households owned their dwelling; 31.9% were purchasing, and 38.3% were renting, compared with 35.1%, 29.2% and 29.4% respectively for City of Monash.
Emerging groups
The largest changes in housing tenure categories for the households in Chadstone between 2016 and 2021 were:
- Mortgage (+257 households)
- Renting - Private (+232 households)
- Fully owned (+53 households)
The total number of households in Chadstone increased by 475 between 2016 and 2021.