Coronet Bay, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Coronet Bay
VICCensus 2021 · Population 1,113
Coronet Bay is a small coastal community with a population of 1,113 people, characterized by a median age of 51, which is significantly higher than the Victorian average of 38. The suburb is predominantly made up of separate houses, with 99.2% of homes being this type, and a high percentage of homes owned outright at 43.4%. The community is largely composed of couples without children, making up 52.9% of families, and single-person households account for 37.9%. The area has a relatively low level of higher education attainment, with only 10.7% holding a bachelor's degree or higher.
Key Highlights
- High percentage of separate houses - 99.2% (vs VIC 73.4%)
- Significant owner-occupied housing - 43.4% owned outright
- Predominantly English-speaking - 85.3% speak only English at home
- Higher median age - 51 years (vs VIC 38 years)
- Low public transport usage - 0.7% use public transport
Things to Consider
- Lower labour force participation at 46.0%
- Below average median household income at $952 weekly (vs VIC $1759)
- Limited public transport options with only 0.7% usage
- Higher unemployment rate at 5.7% (vs VIC 5.0%)
- Lower educational attainment with 10.7% holding a bachelor's degree or higher (vs VIC 29.2%)
What's it like living here?
Daily life in Coronet Bay is likely to be quiet and relaxed, with a significant portion of the population being older and possibly retired. The majority of residents travel by car, with 64.4% driving to work, and only 0.7% using public transport, reflecting the area's rural setting. The suburb has a low labour force participation rate of 46.0%, indicating a community with many retirees or part-time workers.