Footscray, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Footscray
VICCensus 2021 · Population 17,134
Footscray is a vibrant suburb with a population of 17,134, characterized by a young median age of 34, which is below the Victorian average of 38. The suburb has a balanced gender distribution with 51.3% male and 48.7% female residents. A significant portion of the population, 50.9%, was born in Australia, with notable communities from Vietnam and India. The area is known for its diverse cultural mix and a high percentage of residents speaking languages other than English at home. Housing in Footscray is predominantly rental, with 55.9% of properties rented, compared to the Victorian average of 28.5%. This is complemented by a high proportion of apartment living at 52.3%, which is significantly higher than the state average of 73.4% for separate houses.
Key Highlights
- Highly educated population - 43.2% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $1,763 weekly (vs VIC $1,759)
- Diverse cultural community with 50.9% born in Australia and significant Vietnamese and Indian populations
- High rental market presence - 55.9% of properties rented (vs VIC 28.5%)
- Significant work-from-home culture - 36.2% (vs VIC 25.7%)
Things to Consider
- Higher unemployment rate at 6.6% compared to the VIC average of 5.0%
- Predominantly apartment living may not suit all family types
- High proportion of single-person households at 37.6%
- Mental health conditions reported by 12.9% of the population
- Rising rental costs with a median weekly rent of $355
What's it like living here?
Daily life in Footscray offers a blend of urban convenience and cultural diversity. The suburb has a high labour force participation rate of 68.7%, with a notable 36.2% of residents working from home, well above the Victorian average of 25.7%. Commuting is facilitated by public transport, used by 13.8% of the population, although car usage remains prevalent at 29.3%. The community is characterized by a mix of professionals and students, contributing to a dynamic and energetic atmosphere.