Broadford, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Broadford
VICCensus 2021 · Population 4,598
Broadford is a suburb with a population of 4,598, characterized by a median age of 40, which is slightly higher than the Victorian average of 38. The gender distribution is almost equal, with 49.9% male and 50.1% female residents. The suburb has a significant proportion of families, with 40.4% being couples with children and 38.1% couples without children. Single-parent families make up 20.2% of the households. The average household size is 2.5 people, indicating a family-oriented community. Housing in Broadford is predominantly separate houses, accounting for 95.1% of all dwellings, which is significantly higher than the Victorian average of 73.4%. The suburb has a high rate of home ownership, with 32.0% of homes owned outright and 46.4% owned with a mortgage.
Key Highlights
- High rate of home ownership - 78.4% of homes are owned outright or with a mortgage
- Predominantly Australian-born population - 86.3% born in Australia
- Low unemployment rate of 4.6%, below the Victorian average of 5.0%
- Predominantly separate houses - 95.1% compared to VIC average of 73.4%
- Significant percentage of families - 69.5% family households
Things to Consider
- Lower educational attainment with only 11.0% holding a bachelor's degree or higher
- Below average median household income at $1,519 per week
- Limited public transport usage at 1.6%
- Higher percentage of single-parent families at 20.2%
- Lower work-from-home rate at 12.5%
What's it like living here?
Daily life in Broadford is characterized by a strong reliance on cars, with 66.1% of residents driving to work. Public transport usage is low at 1.6%, which may be due to the suburb's location and available infrastructure. The work-from-home rate is 12.5%, below the Victorian average of 25.7%, suggesting that many residents commute to work. The community has a strong local feel, with 86.3% of the population born in Australia and 91.5% speaking only English at home. The suburb's employment landscape is diverse, with top occupations including technicians, trades workers, and professionals.