Coburg, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Coburg
VICCensus 2021 · Population 26,569
Coburg is a suburb with a population of 26,569, characterized by a median age of 37, which is slightly younger than the Victorian average of 38. The gender distribution is fairly balanced with 48.4% males and 51.6% females. The suburb has a diverse age distribution, with 5.3% of the population aged 0-4 years and 5.1% aged 5-9 years. Coburg is a culturally diverse area, with 32.9% of residents born overseas, slightly below the Victorian average of 35%. The most common countries of birth outside Australia include Italy, Greece, and England.
Key Highlights
- Highly educated population - 41.7% hold bachelor degrees (vs VIC 29.2%)
- Above average household income - $2,065 weekly (vs VIC $1,759)
- Significant work-from-home culture - 38% (vs VIC 25.7%)
- Diverse cultural background - 32.9% born overseas
- Mixed housing market with 33.2% renting
Things to Consider
- Higher median monthly mortgage of $2,167 may affect affordability
- Rented properties at 33.2%, higher than VIC average of 28.5%
- Lower percentage of separate houses compared to VIC average
- Potential for congestion with 31.2% commuting by car
- Mental health conditions reported by 12.7% of residents
What's it like living here?
Daily life in Coburg reflects a blend of urban convenience and community engagement. With 38% of the workforce working from home, significantly higher than the Victorian average of 25.7%, residents enjoy flexibility in their work arrangements. Commuting patterns show that 31.2% drive to work, while 8.1% use public transport, indicating a moderate reliance on cars. The community feel is enhanced by a mix of housing types, with 65.1% living in separate houses, 24.3% in townhouses, and 10.4% in apartments.