Chadstone, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Chadstone
VICCensus 2021 · Population 9,552
Chadstone is a suburb with a population of 9,552, characterized by a median age of 35, which is slightly younger than the Victorian average of 38. The gender distribution is fairly balanced, with 50.1% male and 49.9% female residents. The suburb has a diverse cultural background, with 52% of its population born overseas, significantly higher than the Victorian average of 35%. The housing market in Chadstone is mixed, with 55.1% living in separate houses, 26% in townhouses, and 18.7% in apartments. The suburb has a relatively high rental market, with 39.4% of properties rented compared to the Victorian average of 28.5%.
Key Highlights
- Highly educated population - 42.1% hold bachelor degrees (vs VIC 29.2%)
- Above average household income - $1,991 weekly (vs VIC $1,759)
- Diverse cultural community - 52% born overseas (vs VIC 35%)
- High work-from-home rate - 33.1% (vs VIC 25.7%)
- Balanced gender distribution - 50.1% male, 49.9% female
Things to Consider
- Higher rental market - 39.4% rented properties (vs VIC 28.5%)
- Slightly higher unemployment rate - 5.2% (vs VIC 5.0%)
- Lower percentage of separate houses - 55.1% (vs VIC 73.4%)
- Median monthly mortgage of $2,250 may be challenging for some buyers
- Diverse languages spoken may require language support services
What's it like living here?
Daily life in Chadstone is influenced by its diverse community and urban setting. The suburb has a high labour force participation rate of 66.1%, with a notable 33.1% of residents working from home, which is above the Victorian average of 25.7%. Commuting patterns show that 43.5% of residents drive to work, while 6.3% use public transport. The suburb is also home to a well-educated population, with 42.1% holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.