Batesford, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Batesford
VICCensus 2021 · Population 1,147
Batesford is a small suburb with a population of 1,147, characterized by a family-oriented community. The median age is 39, slightly above the Victorian average of 38, indicating a mature population. A significant portion of households are family-based, with 60.5% being couples with children and 33.3% couples without children. The suburb has a high rate of home ownership, with 54.6% owning with a mortgage and 39.5% owning outright, compared to the Victorian average of 68.3% ownership overall. The area is predominantly Australian-born, with 88.8% of residents born in Australia.
Key Highlights
- High income levels with a median household weekly income of $2,837, significantly above the Victorian average of $1,759.
- Low unemployment rate of 2.1%, compared to the Victorian average of 5.0%.
- Predominantly owner-occupied housing with 94.1% ownership.
- High percentage of family households at 89.2%.
- Majority of residents (88.8%) are born in Australia.
Things to Consider
- Limited public transport usage at 0.7%, which may affect non-drivers.
- Lower percentage of residents with bachelor's degrees (24.8%) compared to the Victorian average (29.2%).
- High median monthly mortgage of $2,268, which may be challenging for some buyers.
- Limited rental market with only 2.7% of properties rented.
- Lower work-from-home percentage (20.9%) compared to the Victorian average (25.7%).
What's it like living here?
Daily life in Batesford is characterized by a strong sense of community, with most residents living in separate houses (99.7%). The suburb has a high labour force participation rate of 71.3%, and a low unemployment rate of 2.1%, much lower than the Victorian average of 5.0%. Commuting is primarily done by car, with 57.0% of residents driving to work, while 20.9% work from home, slightly below the Victorian average of 25.7%.