Altona, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Altona
VICCensus 2021 · Population 11,491
Altona is a suburb with a population of 11,491, characterized by a median age of 42, which is higher than the Victorian average of 38. The gender distribution is slightly skewed towards females, with 52.4% female and 47.6% male. The suburb has a balanced family structure, with 41.9% of households being couples with children and 41.5% couples without children. Single-parent households make up 15.0% of the population. The area is culturally diverse, with 32.7% of residents born overseas, slightly below the Victorian average of 35.0%.
Key Highlights
- Above average education levels - 31.8% hold bachelor degrees (vs VIC 29.2%)
- High work-from-home rate - 35.7% (vs VIC 25.7%)
- Low unemployment rate - 4.1% (vs VIC 5.0%)
- High median household income - $1,826 weekly (vs VIC $1,759)
- Significant professional workforce - 29.1% employed as professionals
Things to Consider
- Higher median age may not appeal to younger demographics
- Lower percentage of separate houses compared to VIC average (61.1% vs 73.4%)
- Cultural diversity slightly below VIC average (32.7% born overseas vs 35.0%)
- Higher percentage of rented properties (31.0% vs VIC 28.5%)
- Notable health conditions prevalence, with 8.7% reporting mental health conditions
What's it like living here?
Daily life in Altona is characterized by a significant portion of the population working from home, at 35.7%, which is notably higher than the Victorian average of 25.7%. The suburb has a mixed housing character, with 61.1% of homes being separate houses and a notable 30.1% being townhouses. The median weekly rent is $385, and the median monthly mortgage is $2,197, reflecting the suburb's above-average income levels.