Breakwater, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Breakwater
VICCensus 2021 · Population 1,061
Breakwater is a suburb with a population of 1,061 people, characterized by a median age of 40, which is slightly higher than the Victorian average of 38. The gender distribution is fairly balanced, with 48.4% male and 51.6% female residents. The suburb has a diverse family structure, with 39.9% of households being couples without children and 28.5% being couples with children. Single-parent families make up 26.9% of the households, and single-person households account for 38.8%. The average household size is 2.1 people.
Key Highlights
- High percentage of separate houses at 76.4%, above the VIC average of 73.4%
- Significant portion of the population born in Australia at 73.9%
- Community and Personal Service Workers are the top occupation at 16.7%
- Median weekly rent is $300, which may be attractive to renters
- Low percentage of high-income households at 7.9%
Things to Consider
- Unemployment rate of 6.2%, above the VIC average of 5.0%
- Low percentage of residents with a bachelor's degree or higher at 12.4%
- Below average median household income at $1,077 per week
- High percentage of single-person households at 38.8%
- Lower work-from-home percentage at 8.9% compared to VIC average
What's it like living here?
Daily life in Breakwater is characterized by a high reliance on car travel, with 65.6% of residents driving to work. Public transport usage is low at 2.4%, and 8.9% of the population works from home, which is below the Victorian average of 25.7%. The community has a mixed housing market, with 76.4% of homes being separate houses, and a significant portion of the population renting at 38.4%.