Caroline Springs, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Caroline Springs
VICCensus 2021 · Population 24,486
Caroline Springs is a family-oriented suburb with a population of 24,486, characterized by a median age of 35. The suburb has a balanced gender distribution with 49.4% males and 50.6% females. A significant portion of the population, 59.8%, consists of couples with children, indicating a strong family presence. The suburb has a high percentage of separate houses at 90.0%, with a median weekly rent of $400 and a median monthly mortgage of $1950, reflecting a predominantly owner-occupied housing market.
Key Highlights
- Above average household income - $2134 weekly (vs VIC $1759)
- High family presence - 59.8% couples with children
- Predominantly owner-occupied - 75.1% owned outright or with mortgage
- Diverse cultural background - 44.5% born overseas
- High percentage of separate houses - 90.0% (vs VIC 73.4%)
Things to Consider
- Unemployment rate slightly higher than VIC average - 6.3% (vs 5.0%)
- Lower public transport usage - 3.4% (vs higher VIC averages)
- Moderate education attainment - 27.7% with bachelor degrees (vs VIC 29.2%)
- High mortgage costs may affect affordability for some buyers
- Lower percentage of renters compared to VIC average - 22.2% (vs 28.5%)
What's it like living here?
Daily life in Caroline Springs involves a high level of car usage, with 52.8% of residents driving to work, while only 3.4% use public transport. The suburb has a strong community feel, supported by a high percentage of family households at 83.6%. Work patterns show a significant portion of the population working from home at 24.0%, slightly below the Victorian average of 25.7%.