Albanvale, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Albanvale
VICCensus 2021 · Population 5,645
Albanvale is a suburb with a population of 5,645, characterized by a median age of 37, which is slightly younger than the Victorian average of 38. The suburb has a balanced gender distribution with 50.5% males and 49.5% females. Family households dominate the area, accounting for 78.8% of all households. The area has a significant proportion of residents born overseas, at 59.4%, compared to the Victorian average of 35.0%. The community is diverse, with a strong Vietnamese presence, as 17.1% of the population was born in Vietnam. Housing in Albanvale is primarily separate houses, making up 96.1% of the housing stock, which is significantly higher than the Victorian average of 73.4%.
Key Highlights
- High proportion of family households at 78.8%
- Significant Vietnamese community with 17.1% born in Vietnam
- Owner-dominated housing with 73.0% ownership
- Low median weekly rent of $325
- High percentage of separate houses at 96.1%
Things to Consider
- Higher unemployment rate at 10.1% compared to VIC 5.0%
- Below average educational attainment with 12.8% holding a bachelor's degree
- Lower median household income at $1,279 per week
- Limited public transport usage at 5.3%
- Lower work-from-home rate at 12.9%
What's it like living here?
Daily life in Albanvale involves a high reliance on cars for commuting, with 63.3% of residents driving to work. Public transport usage is relatively low at 5.3%. The suburb has a lower work-from-home rate of 12.9% compared to the Victorian average of 25.7%. The community feel is influenced by its diverse cultural background, with many languages spoken at home, including Vietnamese, which is spoken by 25.0% of the population.