East Melbourne, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
East Melbourne
VICCensus 2021 · Population 4,898
East Melbourne is a suburb characterized by a relatively small population of 4,898 people, with a median age of 42, which is slightly older than the Victorian average of 38. The gender distribution is fairly balanced, with 48.0% male and 52.0% female residents. The suburb has a high proportion of couple households without children at 71.6%, and a significant number of single-person households at 43.1%. The average household size is 1.8 people, reflecting the prevalence of smaller household types. Housing in East Melbourne is predominantly apartments, which make up 73.5% of the dwellings, and the area has a high rental market presence with 52.8% of properties rented.
Key Highlights
- Highly educated population - 60.6% hold bachelor degrees or higher (vs VIC 29.2%)
- High median personal weekly income of $1,532 (vs VIC median household $1,759)
- Low unemployment rate at 3.1% (vs VIC 5.0%)
- Predominantly apartment living - 73.5% of dwellings
- Significant work-from-home culture - 48.8% of residents
Things to Consider
- High rental market presence may affect long-term stability
- Median age of 42 suggests a potentially aging population
- Limited separate houses at 3.2% may not suit all family preferences
- High median weekly rent of $480 could be a barrier for some
- Lower percentage of residents with no health conditions at 59.7% (vs VIC 61.0%)
What's it like living here?
Daily life in East Melbourne is influenced by its proximity to the central business district, making it a convenient location for professionals. A significant 48.8% of the workforce works from home, which is much higher than the Victorian average of 25.7%. Public transport usage is relatively low at 7.1%, possibly due to the high work-from-home rate. The community has a professional feel, with a large proportion of residents working as professionals (49.2%) and managers (20.0%).