Eltham North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Eltham North
VICCensus 2021 · Population 6,829
Eltham North is a suburb with a population of 6,829 people, characterized by a median age of 42, which is older than the Victorian average of 38. The gender distribution is fairly balanced with 49.2% males and 50.8% females. The suburb has a strong family presence, with 57.8% of families being couples with children, and an average household size of 3.0 people. Housing in Eltham North is predominantly owner-occupied, with 44.2% owned outright and 48.7% owned with a mortgage, compared to the Victorian average of 68.3% ownership. The area is known for its separate houses, which make up 98.2% of the housing stock, significantly higher than the state average of 73.4%.
Key Highlights
- High median household income of $2,770 per week, well above the Victorian average of $1,759.
- Predominantly family-oriented with 57.8% of households being couples with children.
- High level of education with 36.0% holding a bachelor's degree or higher.
- Significant portion of the population works from home (34.2%).
- Low unemployment rate of 3.6%, below the state average of 5.0%.
Things to Consider
- Higher median weekly rent of $512 may be challenging for renters.
- Limited public transport usage at 2.7%, which may affect those without cars.
- Predominantly separate houses may not suit those seeking apartment living.
- Median age of 42 suggests an older population compared to the state average.
- High property ownership costs with a median monthly mortgage of $2,300.
What's it like living here?
Residents of Eltham North enjoy a suburban lifestyle with a high rate of home ownership and a strong community feel. The suburb has a high labour force participation rate of 70.0%, with a significant portion of the population working from home (34.2%), which is above the Victorian average of 25.7%. Commuting by car is common, with 45.8% of residents driving to work, while only 2.7% use public transport. The area is characterized by a high level of education, with 36.0% of residents holding a bachelor's degree or higher, compared to the state average of 29.2%.