Eltham, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Eltham
VICCensus 2021 · Population 18,843
Eltham is a suburb with a population of 18,843, characterized by a median age of 43, which is higher than the Victorian average of 38. The community has a balanced gender distribution with 48.8% males and 51.2% females. Families form a significant part of the community, with 51.8% being couples with children and 35.0% couples without children. The suburb has a high level of home ownership, with 42.2% of homes owned outright and 43.9% owned with a mortgage. The median household income is $2,391 per week, significantly above the Victorian average of $1,759.
Key Highlights
- Highly educated population - 37.5% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,391 weekly (vs VIC $1,759)
- Low unemployment rate - 3.8% (vs VIC 5.0%)
- High percentage of separate houses - 85.9% (vs VIC 73.4%)
- Significant work-from-home culture - 36.2% (vs VIC 25.7%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Low public transport usage at 2.6%
- High property ownership may limit rental opportunities
- Median weekly rent of $440 may be high for some renters
- Limited cultural diversity with 79.0% born in Australia
What's it like living here?
Daily life in Eltham is characterized by a strong sense of community and family orientation. The suburb has a high percentage of residents working from home at 36.2%, compared to the Victorian average of 25.7%. Commuting is primarily done by car, with 43.4% of residents driving to work, while public transport usage is relatively low at 2.6%. The suburb offers a quiet, suburban lifestyle with a focus on family activities and community events.