Carrum, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Carrum
VICCensus 2021 · Population 4,237
Carrum is a coastal suburb with a population of 4,237 people, featuring a median age of 40, slightly older than the Victorian average of 38. The area is characterized by a balanced gender distribution with 47.4% males and 52.6% females. Families are prevalent, with 39.3% of households being couples with children and 20.9% being single-parent families. The suburb has a diverse housing stock, with 45.1% separate houses and 41.6% townhouses, offering varied living options.
Key Highlights
- Above average income levels with a median household weekly income of $1,732.
- High percentage of professionals at 25.4% of the workforce.
- Significant work-from-home culture at 26.9%.
- Diverse housing options with 41.6% townhouses.
- Predominantly English-speaking with 84.5% speaking only English at home.
Things to Consider
- Higher median age at 40 compared to the Victorian average of 38.
- Lower percentage of separate houses at 45.1% compared to the Victorian average of 73.4%.
- Public transport usage is low at 4.6%.
- Slightly higher percentage of rented properties at 30.5% compared to the Victorian average.
- Education levels slightly below the Victorian average for bachelor degrees.
What's it like living here?
Residents of Carrum enjoy a lifestyle that includes a significant amount of remote work, with 26.9% working from home, slightly above the Victorian average. The suburb has a strong community feel, with a high percentage of family households (64.3%). Commuting is primarily done by car, with 51.7% driving to work, while public transport usage is lower at 4.6%.