Drumcondra, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Drumcondra
VICCensus 2021 · Population 567
Drumcondra is a small suburb with a population of 567, characterized by a mature demographic with a median age of 50, significantly higher than the Victorian average of 38. The community is predominantly female, with women making up 51.9% of the population. The suburb has a high percentage of couple households, both with and without children, indicating a family-oriented environment. The area is marked by a high level of home ownership, with 50.2% of properties owned outright and a further 24.7% owned with a mortgage.
Key Highlights
- Highly educated population - 39.2% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2022 weekly (vs VIC $1759)
- Low unemployment rate - 3.9% (vs VIC 5.0%)
- Majority of homes are separate houses - 88.8% (vs VIC 73.4%)
- Significant work-from-home culture - 30.6% (vs VIC 25.7%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport options with only 3.7% usage
- High property ownership costs with a median monthly mortgage of $2650
- Low diversity with 88.3% speaking only English at home
- Limited rental opportunities with only 24.2% rented properties
What's it like living here?
Residents of Drumcondra enjoy a lifestyle that is conducive to working from home, with 30.6% of the population doing so, compared to the Victorian average of 25.7%. The suburb has a strong community feel, supported by a high percentage of family households at 76.8%. Commuting is primarily done by car, with 49.2% of residents driving to work, while public transport usage is relatively low at 3.7%.