Clifton Hill, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Clifton Hill
VICCensus 2021 · Population 6,602
Clifton Hill is a suburb with a population of 6,602, characterized by a relatively young median age of 37, slightly below the Victorian average of 38. The area has a balanced gender distribution with 48.5% male and 51.5% female residents. The suburb is notable for its high level of education, with 62.9% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. The community is predominantly Australian-born, with 76% of residents born in Australia, compared to the Victorian average of 65%.
Key Highlights
- Highly educated population - 62.9% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,755 weekly (vs VIC $1,759)
- Low unemployment rate - 3.5% (vs VIC 5.0%)
- Significant work-from-home presence - 49% (vs VIC 25.7%)
- Diverse housing options with 50.8% townhouses
Things to Consider
- Higher rental costs with median weekly rent at $550
- Lower proportion of separate houses at 23.8% (vs VIC 73.4%)
- High percentage of high-income households may indicate higher living costs
- Renter-heavy market with 39.2% renting (vs VIC 28.5%)
What's it like living here?
Daily life in Clifton Hill is marked by a strong work-from-home culture, with 49% of the workforce working remotely, nearly double the Victorian average of 25.7%. The suburb has a high labour force participation rate of 73.6% and a low unemployment rate of 3.5%, indicating a robust employment environment. Commuting is less car-dependent, with only 23% of residents driving to work, while public transport usage is at 5.6%.