Albion, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Albion
VICCensus 2021 · Population 4,328
Albion, VIC is a suburb with a population of 4,328, characterized by a median age of 35, slightly younger than the Victorian average of 38. The gender distribution is skewed towards males, with 53.7% male and 46.3% female residents. The suburb has a diverse cultural background, with 44.8% of residents born in Australia and significant communities from India, Vietnam, and the Philippines. Housing in Albion is predominantly rented, with 44.1% of properties rented compared to the Victorian average of 28.5%. The suburb has a mix of separate houses, townhouses, and apartments, with separate houses making up 54.8% of the housing stock.
Key Highlights
- Diverse cultural community with 44.8% born in Australia and 7.1% from India
- High renter population at 44.1%, above the VIC average of 28.5%
- Significant work-from-home population at 21.9%
- Professionals make up 19.4% of the workforce
- Median age of 35, younger than the VIC average of 38
Things to Consider
- Unemployment rate at 6.9%, higher than the VIC average of 5.0%
- Below average median household income of $1,310 weekly
- Lower percentage of separate houses compared to VIC average
- High percentage of single-person households at 36.5%
- Lower percentage of residents with a bachelor's degree or higher at 27.7%
What's it like living here?
Daily life in Albion involves a mix of commuting options, with 44.0% of residents driving to work and 13.0% using public transport. A notable 21.9% of the workforce works from home, slightly below the Victorian average of 25.7%. The community has a strong presence of professionals, technicians, and trades workers, with a significant portion of the workforce employed in the healthcare and hospitality industries. The suburb has a vibrant community feel with diverse cultural influences, reflected in the languages spoken at home and the variety of cultural events.