Bunyip, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Bunyip
VICCensus 2021 · Population 3,132
Bunyip is a suburb with a total population of 3,132, characterized by a balanced gender distribution with 49.4% males and 50.6% females. The median age of residents is 38, aligning with the Victorian average. Families are a significant part of the community, with 48.9% of households being couples with children and 39.3% couples without children. The suburb has a high percentage of separate houses at 97.5%, indicating a preference for standalone homes. The median household income is $1,927 per week, which is above the Victorian average of $1,759.
Key Highlights
- Low unemployment rate at 2.7% compared to VIC 5.0%
- High percentage of separate houses at 97.5% (vs VIC 73.4%)
- Above average median household income of $1,927 per week
- Owner-dominated housing with 85.1% owned outright or with mortgage
- High labour force participation rate at 63.1%
Things to Consider
- Low percentage of residents with bachelor's degrees at 13.2% (vs VIC 29.2%)
- Limited public transport usage at 1.7%
- Lower work from home rate at 17.1% compared to VIC 25.7%
- Higher percentage of single parent households at 10.6%
- Relatively low cultural diversity with 84.7% born in Australia
What's it like living here?
Daily life in Bunyip is likely to be car-oriented, with 60.3% of residents driving to work. The suburb has a relatively low public transport usage at 1.7%, which might indicate limited public transit options. A notable 17.1% of the workforce works from home, which is below the Victorian average. The community has a strong local feel, with 84.7% of residents born in Australia and 92.2% speaking only English at home.