Barrabool, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Barrabool
VICCensus 2021 · Population 242
Barrabool is a small rural community with a population of 242 people. The median age is 44, which is higher than the Victorian average of 38, indicating a mature population. The suburb has a balanced gender distribution with 48.3% males and 51.7% females. Families are predominant, with 84.5% of households being family households, and the average household size is 2.8 people. The community is predominantly Australian-born, with 83.4% of residents born in Australia.
Key Highlights
- High income levels with a median household weekly income of $2562 (vs VIC $1759)
- Predominantly owner-occupied housing with 51.9% owned outright
- Highly educated population - 33.8% hold bachelor degrees (vs VIC 29.2%)
- Low rental market presence with only 9.9% of properties rented (vs VIC 28.5%)
- Strong presence of managers in the workforce, accounting for 30.7% of occupations
Things to Consider
- Limited rental opportunities with only 9.9% of properties rented
- Higher median age of 44 may not appeal to younger demographics
- Limited public transport options available for commuting
- High percentage of high-income households may indicate higher living costs
- Small population size may limit local amenities and services
What's it like living here?
Daily life in Barrabool is characterized by a strong sense of community and rural living. A significant portion of the population, 23.6%, works from home, which is slightly below the Victorian average of 25.7%. Commuting is primarily done by car, with 59.8% of residents driving to work. The suburb offers a peaceful lifestyle with a focus on family and community activities.