Bangholme, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Bangholme
VICCensus 2021 · Population 743
Bangholme is a small suburb with a population of 743 people, characterized by a significantly older demographic with a median age of 71, compared to the Victorian median of 38. The community is predominantly female, with women making up 53.7% of the population. The suburb has a high percentage of couple households without children, accounting for 63.4% of families. Single-person households are also prevalent, comprising 55.8% of all households. The area is largely owner-occupied, with 75.9% of homes owned outright, which is higher than the Victorian average of 68.3%.
Key Highlights
- High ownership rate - 75.9% of homes owned outright
- Low unemployment rate of 4.2% compared to VIC 5.0%
- Predominantly English-speaking - 81.8% speak only English at home
- Majority of housing are separate houses - 98.4%
- Significant portion of residents work from home - 17.6%
Things to Consider
- Median age of 71 suggests limited amenities for younger families
- Low labour force participation at 23.2%
- Below average educational attainment with 5.9% holding a bachelor's degree
- Median household income of $644 is below the Victorian average of $1759
- Limited public transport usage at 2.5%
What's it like living here?
Daily life in Bangholme is likely quiet and relaxed, with a significant portion of the population being retirees. The suburb has a low labour force participation rate of 23.2%, reflecting the older age profile. Commuting is primarily done by car, with 59.7% of residents driving to work, while a notable 17.6% work from home, which is below the Victorian average. Public transport usage is minimal at 2.5%.