Castella, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Castella
VICCensus 2021 · Population 263
Castella is a small rural community with a total population of 263 people. The median age in Castella is 44, which is higher than the Victorian average of 38, indicating a more mature population. The suburb has a strong family presence, with 48.6% of households being couples with children and 18.6% being single-parent households. The area is predominantly Australian-born, with 82.1% of residents born in Australia, and English is the primary language spoken at home by 92.6% of the population.
Key Highlights
- Low unemployment rate of 2.7% compared to the Victorian average of 5.0%
- High median household income of $1,978 per week, above the Victorian average of $1,759
- 100% of housing is separate houses, compared to 73.4% in Victoria
- 23.2% of residents work from home, close to the Victorian average of 25.7%
- Predominantly owner-occupied housing with 94.5% owned outright or with a mortgage
Things to Consider
- Limited public transport options may affect commuting
- Lower percentage of residents with a bachelor's degree or higher at 17.5% compared to the Victorian average of 29.2%
- Higher median age of 44 may not appeal to younger buyers
- Limited rental market with only 4.4% of properties rented
- Potential isolation due to rural location
What's it like living here?
Daily life in Castella is characterized by a strong sense of community and rural living. With 54.2% of residents driving to work, commuting is primarily car-based, reflecting the rural setting. A notable 23.2% of the population works from home, which is slightly below the Victorian average. The suburb is dominated by separate houses, with 100% of the housing stock being standalone homes, and a high percentage of home ownership.