Ashwood, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Ashwood
VICCensus 2021 · Population 7,145
Ashwood is a suburb with a total population of 7,145, characterized by a median age of 39, slightly above the Victorian average of 38. The gender distribution is relatively balanced, with 48.9% male and 51.1% female. The suburb has a diverse age distribution, with 5.2% of the population aged 0-4 and 5.5% aged 5-9. Families are a significant part of the community, with 46.6% of households being couples with children and 33.9% being couples without children.
Key Highlights
- Highly educated population - 41.9% hold bachelor degrees (vs VIC 29.2%)
- Above average household income - $1,909 weekly (vs VIC $1,759)
- Significant work-from-home culture - 38.6% (vs VIC 25.7%)
- Diverse cultural community - 43.2% born overseas (vs VIC 35.0%)
- Mixed housing options - 29.3% apartments, 58.1% separate houses
Things to Consider
- Unemployment rate of 6.1% is above the VIC average of 5.0%
- Higher percentage of rented properties at 36.7% (vs VIC 28.5%)
- Median monthly mortgage of $2,600 may be challenging for some buyers
- Lower percentage of separate houses at 58.1% compared to VIC average of 73.4%
- Higher percentage of single-parent households at 17.2%
What's it like living here?
Daily life in Ashwood offers a mix of commuting options, with 39.7% of residents driving to work and 38.6% working from home, which is higher than the Victorian average of 25.7%. The community has a diverse cultural background, with 43.2% of residents born overseas, compared to the Victorian average of 35.0%. This diversity is reflected in the languages spoken at home, with 11.2% speaking Mandarin.