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Mornington Peninsula's Non-Stress Rent: A Comprehensive Ranking of Suburbs Based on Affordable Housing
Rent is less than 30% of household incomeThe data on the page that ranks suburbs based on the non-stressful rent criterion can be useful for property investors, those looking to move, and similar groups. For property investors, this data can help them identify suburbs where they can invest in rental properties that are likely to attract tenants who can afford the rent without experiencing financial stress. For those looking to move, this data can help them identify suburbs where they can find affordable rental properties that won't strain their household budget. Additionally, this data can also be useful for assessing the livability of a suburb, as it indicates the affordability of housing in relation to household income. For example, a suburb with a high ranking for non-stressful rent may be more attractive to families or individuals who prioritize financial stability and affordability in their housing choices. Data from 2016
| Area | Value |
|---|---|
| 1. Mornington Peninsula | 91.5% |
| 2. Frankston | 88.4% |
