Broadmeadows, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Broadmeadows
VICCensus 2021 · Population 12,529
Broadmeadows is a suburb characterized by a diverse population of 12,529 people, with a median age of 32, which is younger than the Victorian average of 38. The suburb has a higher percentage of males (53.3%) compared to females (46.7%). Families are a significant part of the community, with 46.9% of households being couples with children and 25.1% being single-parent households. The suburb is culturally diverse, with 66.2% of residents born overseas, significantly higher than the Victorian average of 35%. The most common countries of birth include Iraq, Lebanon, and Nepal.
Key Highlights
- Young population with a median age of 32 (VIC median 38)
- High cultural diversity with 66.2% born overseas (VIC 35%)
- Significant number of family households at 70.4%
- High percentage of renters at 48.9% (VIC 28.5%)
- Affordable median weekly rent at $331
Things to Consider
- Unemployment rate is high at 13.0% (VIC 5.0%)
- Below average education levels with 18.0% holding a bachelor's degree (VIC 29.2%)
- Lower median household income at $1151 weekly (VIC $1759)
- Renter-heavy housing market may indicate less stability
- Lower work-from-home percentage at 11.4% (VIC 25.7%)
What's it like living here?
Daily life in Broadmeadows involves a mix of commuting methods, with 56.2% of residents driving to work and 11.2% using public transport. The suburb has a lower work-from-home rate (11.4%) compared to the Victorian average of 25.7%. The community has a strong multicultural feel, with a variety of languages spoken at home, including Arabic and Turkish. The employment landscape is varied, with a notable presence of laborers and technicians.