Cannons Creek, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cannons Creek
VICCensus 2021 · Population 653
Cannons Creek is a small coastal community with a population of 653. The median age is 41, which is slightly higher than the Victorian average of 38. The suburb is predominantly male, with 53.3% of the population being male. The area has a strong family presence, with 44.9% of households being couples with children and 39.5% being couples without children. The majority of the population, 80.2%, were born in Australia, and 88.8% speak only English at home.
Key Highlights
- Low unemployment rate at 3.2% (vs VIC 5.0%)
- High percentage of separate houses at 98.7% (vs VIC 73.4%)
- Majority of residents born in Australia at 80.2%
- Predominantly owner-occupied housing with 57.8% owned with a mortgage
- High labour force participation rate at 64.2%
Things to Consider
- Lower percentage of residents with a bachelor's degree or higher at 12.1% (vs VIC 29.2%)
- Limited public transport options
- Higher median age compared to the state average
- Lower percentage of work-from-home residents
- Limited cultural diversity with 80.2% born in Australia
What's it like living here?
Daily life in Cannons Creek is characterized by a strong sense of community and a slower pace of life. Most residents commute by car, with 68% driving to work, while 13.7% work from home, which is below the Victorian average of 25.7%. The suburb has a high percentage of separate houses at 98.7%, indicating a preference for spacious living.