Cape Schanck, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cape Schanck
VICCensus 2021 · Population 568
Cape Schanck is a small coastal community with a total population of 568 residents. The median age is 55, significantly higher than the Victorian average of 38, indicating a mature population. The suburb has a high percentage of couple households without children at 61.3%, and a relatively low percentage of single-parent households at 7.1%. The area is predominantly composed of separate houses, with 98.6% of dwellings being separate houses, compared to the Victorian average of 73.4%.
Key Highlights
- High median household income of $2,189 per week, above the Victorian average of $1,759.
- Low unemployment rate at 2.6%, significantly below the Victorian average of 5.0%.
- Predominantly English-speaking community with 88.9% speaking only English at home.
- High percentage of professionals at 24.2% of the workforce.
- Significant proportion of residents working from home at 33.7%, higher than the Victorian average of 25.7%.
Things to Consider
- Higher median age of 55 may not appeal to younger families.
- Limited public transport options available.
- Low rental market presence with only 6.3% of properties rented.
- Predominantly separate houses may limit housing diversity.
- Lower percentage of residents with no health conditions at 56.2%, compared to the Victorian average of 61.0%.
What's it like living here?
Daily life in Cape Schanck is characterized by a relaxed, coastal lifestyle. With 33.7% of the workforce working from home, the suburb offers a conducive environment for remote work. The majority of residents drive to work, with 45.8% using a car, reflecting the suburban nature of the area. The community has a high level of home ownership, with 56.5% of homes owned outright.