Croydon North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Croydon North
VICCensus 2021 · Population 8,087
Croydon North is a suburb with a total population of 8,087, characterized by a median age of 40, slightly older than the Victorian average of 38. The population is almost evenly split between males (48.5%) and females (51.5%). Families are a significant part of the community, with 49.4% of households being couples with children and 35.3% being couples without children. The suburb has a high percentage of separate houses at 94.6%, indicating a preference for standalone homes. The median weekly household income is $2,156, which is above the Victorian average of $1,759.
Key Highlights
- High labour force participation at 67.7%
- Low unemployment rate of 3.5% (vs VIC 5.0%)
- Above average median household income of $2,156 (vs VIC $1,759)
- Majority of homes are separate houses at 94.6% (vs VIC 73.4%)
- Significant work-from-home population at 28.1% (vs VIC 25.7%)
Things to Consider
- Lower percentage of residents with bachelor degrees or higher at 28.5% (vs VIC 29.2%)
- Higher median monthly mortgage of $2,167 may impact affordability
- Limited public transport usage at 2.2%
- Relatively low percentage of rented properties at 17.5% (vs VIC 28.5%)
- Slightly lower percentage of residents with no health conditions at 60.7% (vs VIC 61.0%)
What's it like living here?
Daily life in Croydon North is likely to involve commuting by car, as 51.4% of residents drive to work, while only 2.2% use public transport. A notable 28.1% of the workforce works from home, which is higher than the Victorian average of 25.7%. The community has a strong family presence, with 79.8% of households being family households, and an average of 2.7 people per household.