Canterbury, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Canterbury
VICCensus 2021 · Population 7,798
Canterbury, VIC is a suburb with a population of 7,798 and a median age of 46, which is higher than the Victorian average of 38. The area is predominantly female, with 52.7% of the population being women. Families are a significant part of the community, with 49.0% of households being couples with children, and 37.8% being couples without children. The suburb has a high level of education, with 52.7% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 52.7% hold bachelor degrees (vs VIC 29.2%)
- High median household income of $2,877 weekly (vs VIC $1,759)
- Low unemployment rate at 3.7% (vs VIC 5.0%)
- Significant work-from-home culture - 43.2% (vs VIC 25.7%)
- Owner-dominated housing - 47.8% owned outright
Things to Consider
- Higher median age of 46 may not suit younger demographics
- High median monthly mortgage of $3,500 could be a barrier for some buyers
- Limited public transport use at 4.4%
- Lower percentage of separate houses at 64.5% (vs VIC 73.4%)
- Relatively low rental market presence at 19.1% (vs VIC 28.5%)
What's it like living here?
Residents of Canterbury often work from home, with 43.2% doing so, which is significantly higher than the Victorian average of 25.7%. The suburb has a strong professional presence, with 40.4% of the workforce employed as professionals. Commuting by car is common, with 34.8% of residents driving to work. The community has a mix of cultural backgrounds, with 65.6% born in Australia and a notable 10.4% from China.