Homes owned with a mortgage
- In 2011, the proportion of homes owned with a mortgage in Victoria was 35.9%, compared with 34.9% for Australia.
- The Local Government Area (LGA) with the highest proportion of homes owned with a mortgage in Victoria was Melton with 55.0%.
- Other LGAs with proportions of 50% or more were Casey (53.1%), Golden Plains (51.0%), Wyndham (50.5%), and Nillumbik (50.0%).
- LGAs with high proportions of homes owned with a mortgage were located in the outer areas and on the fringe of Melbourne.
- There were two LGAs in the state where the proportion of homes owned with a mortgage was less than 20%: Queenscliffe and Melbourne (18.9% and 19.0% respectively).
HOMES OWNED WITH A MORTGAGE(a), by Local Government Area, Victoria, 2011
(a) The number of occupied private dwellings which were owned with a mortgage or being purchased under a rent/buy scheme
by a member of the household, expressed as a proportion of total occupied private dwellings.
Excludes 'Visitor only' and 'Other non-classifiable' households.
Median monthly mortgage repayments over time
- In Victoria, the LGA with the fastest growth in median monthly mortgage repayments between 2006 and 2011 was East Gippsland (49.5%), located in the far east of the state.
- The LGAs with the fastest growth in mortgage costs in Greater Melbourne were Moreland (44.3%) and Whittlesea (44.2%), located in the north of the city.
- Other than East Gippsland, the LGAs with the fastest growth in mortgage costs in the rest of Victoria were mainly coastal areas near Geelong and areas west of Melbourne.
FASTEST GROWTH IN MEDIAN MONTHLY MORTGAGE REPAYMENTS(a), by Local Government Area(b), Victoria, 2006 and 2011
|Local Government Area|
Median Mortgage Repayment
|Rest of Victoria|
|(a) Applicable to occupied private dwellings which were owned with a mortgage or being purchased under a rent/buy scheme by a member of the household. Excludes 'Visitor only' and 'Other non-classifiable' households.|
|(b) LGAs with a total occupied private dwelling count under 500 dwellings in 2011 are excluded from this table.|
|Cells in this table have been randomly adjusted to avoid the release of confidential data.|
|Source: ABS Census of Population and Housing, 2006 and 2011.|