Coolaroo, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Coolaroo
VICCensus 2021 · Population 3,192
Coolaroo is a suburb with a population of 3,192, characterized by a median age of 37, which is slightly younger than the Victorian average of 38. The community is diverse, with 46.7% of residents born in Australia and significant populations from Iraq, Turkey, Lebanon, and Syria. Family structures are prevalent, with 44.7% of households being couples with children, and 28.4% being single-parent families. Housing is predominantly separate houses, with 91.4% of homes fitting this category, and a significant portion of properties are owned outright or with a mortgage.
Key Highlights
- High proportion of separate houses - 91.4% (vs VIC 73.4%)
- Diverse cultural community with 46.7% born in Australia
- Significant number of family households - 72.7%
- Affordable median weekly rent at $335
- Strong presence of Arabic and Turkish languages
Things to Consider
- Unemployment rate is 11.9%, higher than VIC average of 5.0%
- Lower educational attainment with 12.0% holding a bachelor's degree (vs VIC 29.2%)
- Below average median household income at $1,025 weekly (vs VIC $1,759)
- Limited work-from-home opportunities at 11.6% (vs VIC 25.7%)
- Higher percentage of single-parent households at 28.4%
What's it like living here?
Daily life in Coolaroo involves a mix of commuting patterns, with 59.7% of residents driving to work and 10% using public transport. The suburb has a working-class feel, with a high percentage of residents employed as machinery operators, community service workers, and labourers. The unemployment rate is 11.9%, which is higher than the Victorian average of 5.0%, indicating potential challenges in the local job market.