Balnarring Beach, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Balnarring Beach
VICCensus 2021 · Population 473
Balnarring Beach is a small coastal suburb with a population of 473 people, characterized by an older demographic with a median age of 58, significantly higher than the Victorian average of 38. The community is predominantly composed of couples without children, accounting for 62.8% of households, and a high percentage of homes are owned outright at 65.4%. The suburb has a strong presence of professionals and managers, making up 26.5% and 20.4% of the workforce, respectively. The area is known for its scenic coastal environment, attracting retirees and those seeking a quieter lifestyle.
Key Highlights
- High median personal weekly income of $866, above the Victorian average.
- High percentage of homes owned outright at 65.4%, compared to the Victorian average of 68.3% owned in total.
- Professionals make up 26.5% of the workforce, indicating a skilled population.
- Significant portion of the population works from home (26.5%), above the Victorian average of 25.7%.
- 100% of housing is separate houses, offering spacious living environments.
Things to Consider
- Higher median age of 58 may not appeal to younger families.
- Limited public transport options with only 1.7% usage.
- Unemployment rate slightly above the Victorian average at 5.6%.
- Low percentage of rented properties at 11.2%, which may limit rental opportunities.
- High median weekly rent of $423 could be a barrier for some renters.
What's it like living here?
Daily life in Balnarring Beach is tranquil, with a large portion of the population working from home (26.5%), which is slightly above the Victorian average. The suburb has a low reliance on public transport, with only 1.7% using it for commuting, while 50.3% drive cars. The community feel is tight-knit, with a significant portion of residents born in Australia (76.6%) and a high percentage speaking only English at home (93.2%).