Collingwood, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Collingwood
VICCensus 2021 · Population 9,177
Collingwood, VIC, is a suburb with a population of 9,177, characterized by a youthful median age of 33 years, which is below the Victorian average of 38 years. The suburb has a slightly higher male population at 51.2% compared to females at 48.8%. The area is predominantly occupied by professionals, with 47.6% of the workforce in this occupation, reflecting the high level of education, as 54.0% hold a bachelor's degree or higher, significantly above the state benchmark of 29.2%. Housing in Collingwood is primarily rental, with 64.3% of properties rented, and a high prevalence of apartments at 68.2%.
Key Highlights
- Highly educated population - 54.0% hold bachelor degrees (vs VIC 29.2%)
- Above average median personal weekly income of $1,338
- Significant professional workforce - 47.6% are professionals
- High rental market - 64.3% of properties are rented
- Diverse community with 45.1% born overseas
Things to Consider
- High rental market may limit opportunities for home ownership
- Median age of 33 suggests a less family-oriented community
- High percentage of apartments (68.2%) may not suit all buyers
- Median weekly rent of $425 could be challenging for some
- Limited car usage may affect those reliant on driving
What's it like living here?
Daily life in Collingwood is marked by a strong work-from-home culture, with 48.0% of residents working remotely. Commuting is less car-dependent, with only 18.9% driving to work, while public transport usage is at 8.4%. The community has a diverse cultural background, with 45.1% of residents born overseas, slightly above the Victorian average of 41.3%.