Derrimut, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Derrimut
VICCensus 2021 · Population 8,648
Derrimut is a suburb with a total population of 8,648, characterized by a young median age of 32, which is notably lower than the Victorian average of 38. The community is predominantly composed of families, with 65.2% being couples with children, and the average household size is 3.6 people. The suburb has a significant cultural diversity, with 52.4% of residents born overseas, compared to the Victorian average of 35.0%. The housing market is primarily owner-dominated, with 59.8% of homes owned with a mortgage and 16.1% owned outright.
Key Highlights
- Young population with a median age of 32 (vs VIC 38)
- High family presence with 65.2% couples with children
- Above average median household income of $2,272 weekly (vs VIC $1,759)
- Significant cultural diversity with 52.4% born overseas
- Predominantly separate houses at 96.8% (vs VIC 73.4%)
Things to Consider
- Unemployment rate of 5.8% is slightly above the VIC average of 5.0%
- Lower work-from-home percentage at 20.2% compared to VIC 25.7%
- High reliance on cars for commuting with only 4.6% using public transport
- Lower percentage of bachelor degree holders at 26.7% (vs VIC 29.2%)
- Limited rental opportunities with only 21.8% of properties rented
What's it like living here?
Daily life in Derrimut is family-centric, with a strong emphasis on community and family activities. The suburb has a high rate of car usage for commuting, with 58.4% of residents driving to work, while 20.2% work from home. This reflects a balanced work-life dynamic, although the work-from-home rate is slightly lower than the Victorian average of 25.7%. The community feel is enhanced by the high percentage of family households, which stands at 88.5%.