Housing Costs

This section provides details of housing costs and affordability in Murrindindi (S).

House Prices

Despite Murrindindi Shire’s proximity to Melbourne, the average house prices are lower than rural Victorian averages and the average unit price is close to the rural Victorian prices. More information regarding this housing price data is accessible here.

Housing Prices Historical More information regarding this housing price data is accessible here.

Monthly Payments

The chart below shows the average monthly payment for both rental and mortgaged properties in Murrindindi Shire. Rental payments are slightly lower than the rural Victoria average, while mortgage payments are slightly above average.

Housing Stock

This section provides detail of housing stock in Murrindindi (S). It provides an overview of the size of dwellings, dwelling types and tenure.

Number of Bedrooms

The number of bedrooms in houses provides an indication of the variety of housing stock, and its suitability to the local populations. For example, in communities with ageing households, such as Murrindindi Shire, there is often a need for smaller dwellings. Murrindindi Shire has a much higher proportion of single and double bedroom dwellings than other areas of rural Victoria. Conversely, it has a lower proportion of homes with three or more bedrooms.

Tenure

43% of homes in Murrindindi Shire are owned outright. This is slightly above the rural Victorian average, and likely to reflect the older population in the Shire. There are lower levels of rental properties within the Shire (both private and public rentals).

Unoccupied Dwellings

Unoccupied dwellings are those dwellings that did not have persons present on Census night. Areas with a high number of holiday homes often have high proportions of unoccupied dwellings. In Murrindindi Shire, around 25% of dwellings were unoccupied on Census night in 2016. This is higher than the average across rural Victoria.