Cobblebank, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cobblebank
VICCensus 2021 · Population 3,602
Cobblebank is a suburb with a young median age of 29, significantly lower than the Victorian average of 38. The population of 3,602 is almost evenly split between males (49.9%) and females (50.1%). Families with children are prevalent, with 62.9% of households being couples with children, compared to 21.4% of couples without children. The suburb has a diverse cultural background, with 46.2% of residents born in Australia and a significant 24.8% born in India. Housing is predominantly separate houses, making up 99.3% of the dwellings.
Key Highlights
- Young population with a median age of 29 (VIC median 38)
- High labour force participation at 69.6%
- Above average median household income of $1,920 weekly (VIC $1,759)
- Predominantly separate houses at 99.3% (VIC 73.4%)
- High percentage of residents born in India at 24.8%
Things to Consider
- Unemployment rate of 8.5% is above the VIC average of 5.0%
- Low percentage of homes owned outright at 4.7%
- Public transport usage is low at 5.3%
- High percentage of rented properties at 32.6% (VIC 28.5%)
- Lower work-from-home rate than VIC average
What's it like living here?
Daily life in Cobblebank is characterized by a strong reliance on cars, with 61.6% of residents driving to work. Public transport usage is relatively low at 5.3%, and 16.2% of the workforce works from home, which is below the Victorian average of 25.7%. The community has a family-oriented feel, with a high percentage of family households (86.2%) and an average of 3.4 people per household.