Burwood, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Burwood
VICCensus 2021 · Population 15,151
Burwood, VIC, is a suburb with a population of 15,151 and a median age of 34, which is younger than the Victorian average of 38. The gender distribution is fairly balanced, with 48.0% male and 52.0% female. The suburb has a diverse cultural makeup, with 57.8% of residents born overseas, significantly higher than the Victorian average of 35.0%. The community is characterized by a mix of family types, with 43.5% of households being couples with children and 37.2% being couples without children. Single-person households make up 27.8% of the suburb.
Key Highlights
- Highly educated population - 42.3% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $1,684 weekly (vs VIC $1,759)
- Diverse cultural background - 57.8% born overseas (vs VIC 35.0%)
- Significant work-from-home trend - 31.1% (vs VIC 25.7%)
- Mixed housing options with 37.2% rented properties
Things to Consider
- Higher unemployment rate at 7.2% compared to VIC average of 5.0%
- Lower percentage of separate houses at 57.9% (vs VIC 73.4%)
- Higher rental market presence with 37.2% rented properties
- Median monthly mortgage of $2,500 may be challenging for some buyers
- Higher percentage of low-income households at 21.5%
What's it like living here?
Daily life in Burwood is influenced by its diverse population and mixed housing options. The suburb has a high level of education, with 42.3% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%. Commuting patterns show that 31.1% of residents work from home, which is above the state average of 25.7%. The suburb also has a relatively high unemployment rate of 7.2%, compared to the Victorian average of 5.0%.