Botanic Ridge, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Botanic Ridge
VICCensus 2021 · Population 6,735
Botanic Ridge is a suburb with a population of 6,735, characterized by a young median age of 32, compared to the Victorian average of 38. The community is predominantly composed of families, with 58.6% of households being couples with children and an average household size of 3.2 people. The area is largely owner-occupied, with 69.9% of homes owned with a mortgage and only 12.3% rented, which is significantly lower than the Victorian rental average of 28.5%. The suburb exhibits a strong sense of community with 95.6% of dwellings being separate houses, indicating a preference for spacious living environments.
Key Highlights
- Low unemployment rate at 2.0% compared to the Victorian average of 5.0%
- High median household income of $2,552 weekly, above the Victorian average of $1,759
- Predominantly Australian-born population at 81.1%
- High percentage of separate houses at 95.6% (vs VIC 73.4%)
- Significant number of professionals at 17.8% of the workforce
Things to Consider
- Lower percentage of residents with bachelor's degrees or higher at 18.7% (vs VIC 29.2%)
- Limited public transport usage at 1.6%
- High mortgage commitments with a median monthly mortgage of $2,200
- Lower work-from-home percentage than the state average
- Potential for limited cultural diversity with 87.9% speaking only English at home
What's it like living here?
Daily life in Botanic Ridge is likely to be centered around family activities, given the high percentage of family households. Commuting is primarily done by car, with 61.6% of residents driving to work, while only 1.6% use public transport. A notable 19.9% of the workforce works from home, slightly below the Victorian average of 25.7%, suggesting a balance between remote and on-site work. The community is predominantly English-speaking, with 87.9% of households speaking only English at home.