Cremorne, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Cremorne
VICCensus 2021 · Population 2,151
Cremorne, VIC, with a population of 2,151, is characterized by a young median age of 32, compared to the Victorian average of 38. The suburb has a significant male population at 52.7%, with females making up 47.3%. The area is predominantly occupied by couples without children, accounting for 64.5% of families, and a substantial 33.8% of households are single-person. The suburb is highly educated, with 59.4% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 59.4% hold bachelor degrees (vs VIC 29.2%)
- High median personal weekly income of $1,574 (vs VIC median household $1,759)
- Significant work-from-home culture - 49.2% (vs VIC 25.7%)
- Renter-heavy suburb with 50.1% renting (vs VIC 28.5%)
- Young median age of 32 (vs VIC 38)
Things to Consider
- High median weekly rent of $550 may be challenging for some
- Low percentage of separate houses at 11.4% (vs VIC 73.4%)
- High proportion of renters may impact community stability
- Limited diversity in housing types, with 44.3% apartments
- High cost of living with a median monthly mortgage of $2,300
What's it like living here?
Daily life in Cremorne is marked by a high level of professional engagement, with 84.6% labor force participation and a low unemployment rate of 2.3%. A notable 49.2% of residents work from home, which is considerably higher than the Victorian average of 25.7%. The community has a strong professional presence, with 44.1% employed as professionals and 22.0% as managers.