Elsternwick, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Elsternwick
VICCensus 2021 · Population 10,883
Elsternwick is a suburb with a population of 10,883, characterized by a median age of 38, which aligns with the Victorian average. The gender distribution is slightly skewed towards females, with 53.2% female and 46.8% male. The suburb has a diverse age distribution with 5.1% of the population aged 0-4 and 5.6% aged 5-9. Families in Elsternwick are predominantly couples with children (43.8%) and couples without children (42.6%), with single-parent families making up 12.1%. The average household size is 2.3 people.
Key Highlights
- Highly educated population - 50.8% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,209 weekly (vs VIC $1,759)
- Low unemployment rate - 3.5% (vs VIC 5.0%)
- Significant work-from-home culture - 45.1% (vs VIC 25.7%)
- Diverse housing options with 41.4% apartments and 38.2% separate houses
Things to Consider
- Higher proportion of rented properties - 38.5% (vs VIC 28.5%)
- Lower percentage of separate houses - 38.2% (vs VIC 73.4%)
- High median monthly mortgage - $2,400
- Potential for congestion due to high work-from-home rate
- Diverse cultural background may require community integration efforts
What's it like living here?
Daily life in Elsternwick is influenced by its high rate of professionals, with 40% of the workforce in this occupation. The suburb has a significant work-from-home culture, with 45.1% of residents working remotely, which is notably higher than the Victorian average of 25.7%. Commuting is varied, with 30.9% driving to work and 6.2% using public transport. The community has a vibrant feel, supported by a mix of housing types including separate houses, townhouses, and apartments.