Diamond Creek, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Diamond Creek
VICCensus 2021 · Population 12,505
Diamond Creek is a suburb with a population of 12,505, characterized by a median age of 39, slightly above the Victorian average of 38. The gender distribution is fairly balanced with 49.3% male and 50.7% female residents. The suburb has a strong family presence, with 55.3% of households being couples with children, significantly higher than the Victorian average. The area is predominantly composed of separate houses, accounting for 94.3% of the housing stock, compared to 73.4% across Victoria.
Key Highlights
- High median household income of $2,508 per week, well above the Victorian average of $1,759
- Predominantly English-speaking community with 88.8% speaking only English at home
- Low unemployment rate of 3.4% compared to the Victorian average of 5.0%
- High percentage of separate houses at 94.3%, compared to 73.4% in Victoria
- Significant family presence with 84.5% family households
Things to Consider
- Limited diversity with 83.2% born in Australia, compared to 65% in Victoria
- Low percentage of renters at 10.0%, compared to 28.5% in Victoria
- Higher median weekly rent at $430, which may be challenging for some
- Relatively low percentage of residents with a bachelor's degree or higher at 27.3%, below the Victorian average
- Limited public transport usage at 2.5% for commuting
What's it like living here?
Residents of Diamond Creek enjoy a suburban lifestyle with a high rate of homeownership, as 53.0% own their homes with a mortgage and 35.3% own outright. The suburb has a high labour force participation rate of 72.5%, with a low unemployment rate of 3.4%, which is below the Victorian average of 5.0%. Commuting is primarily done by car, with 51.6% driving to work, while 27.1% work from home, slightly above the Victorian average.