Housing rental payments
In the Masterton District, 0.9% of renting households were paying more than $400 per week in rent in 2013.
Rental payments can be a better measure of the cost of housing in the Masterton District than mortgage repayments because they are not contingent on length of occupancy or equity in the dwelling.
High rental payments may indicate desirable areas with mobile populations who prefer to rent, or a housing shortage, or gentrification. Low rental payments may indicate public housing (check Tenure Type), or areas where low income households move by necessity for a lower cost of living.
Rental payments are not directly comparable over time because of inflation. For comparison of rental payments over time, go to Housing Rental Quartiles.
Derived from the Census questions:
'Does this household pay rent to an owner (or to their agent for this dwelling?' and 'How much rent does this household pay to the owner (or agent) for this dwelling?'
Households renting their dwelling
|Weekly housing rental payments|
|Weekly rental amount||Number||%||Wellington Region %|
|$50 - $99||123||5.0||6.7||582|
|$100 - $149||225||9.1||6.0||583|
|$150 - $199||495||20.0||7.3||584|
|$200 - $249||798||32.3||11.3||585|
|$250 - $299||543||22.0||13.8||586|
|$300 - $349||129||5.2||13.6||587|
|$350 - $399||30||1.2||11.5||588|
|$400 - $449||12||0.5||7.4||589|
|$450 - $499||--||--||5.6||590|
|Total households renting||2,469||100.0||100.0|
Source: Statistics New Zealand, Census of Population and Dwellings (opens a new window) 2006 and 2013. Compiled and presented in profile.id by .id (opens a new window) , the population experts.
Compiled and presented by .id, the population experts.
Analysis of the weekly housing rental payments of households in the Masterton District compared to the Wellington Region shows that there was a smaller proportion of households paying high rental payments ($400 per week or more), and a larger proportion of households with low rental payments (less than $150 per week).
Overall, 0.9% of households were paying high rental payments, and 15.2% were paying low payments, compared with 25.7% and 13.3% respectively in the Wellington Region.
The major differences between the housing rental payments of the Masterton District and the Wellington Region were:
- A larger percentage of $200 - $249 (32.3% compared to 11.3%)
- A larger percentage of $150 - $199 (20.0% compared to 7.3%)
- A smaller percentage of $500+ (0.4% compared to 12.7%)
- A smaller percentage of $350 - $399 (1.2% compared to 11.5%)