Boneo, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Boneo
VICCensus 2021 · Population 314
Boneo is a small rural community with a total population of 314 people. The median age in Boneo is 52, which is significantly higher than the Victorian average of 38, indicating a mature population. The suburb has a balanced gender distribution with 51.9% males and 48.1% females. Families in Boneo are predominantly couples, with 43.5% of households being couples without children and another 43.5% being couples with children. Single-parent households make up 14.1% of the community.
Key Highlights
- High home ownership - 52.3% own their homes outright
- Low unemployment rate of 2.8%, compared to the VIC average of 5.0%
- Above average household income - $1812 weekly compared to VIC $1759
- Predominantly English-speaking community - 90.4% speak only English at home
- High percentage of separate houses - 92.8% compared to VIC 73.4%
Things to Consider
- Higher median age may not suit younger demographics
- Limited public transport options available
- Lower percentage of residents with bachelor degrees compared to VIC average
- Higher median monthly mortgage of $3033 could be a barrier for some buyers
- Limited diversity with 81.8% born in Australia
What's it like living here?
Residents of Boneo enjoy a rural lifestyle with a strong sense of community. The majority of the workforce is employed in managerial roles, making up 28.1% of the occupations, followed by professionals and technicians. Commuting is primarily done by car, with 56.9% of residents driving to work. A notable 18.6% of the population works from home, which is slightly below the Victorian average.