Gardenvale, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Gardenvale
VICCensus 2021 · Population 1,016
Gardenvale is a small suburb with a population of 1,016 people and a median age of 39, slightly above the Victorian average of 38. The gender distribution is fairly balanced, with 49.7% male and 50.3% female residents. The suburb has a significant proportion of families, with 51.3% of households being couples with children. Single-person households make up 45.1% of the population, indicating a diverse range of household types. The area is characterized by a high level of education, with 49.4% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 49.4% hold bachelor degrees (vs VIC 29.2%)
- Above average income levels - median household income is $1,708 weekly
- High proportion of renters - 46.7% of housing is rented
- Significant work-from-home culture - 40.5% work from home
- Diverse cultural background - 38.3% born overseas
Things to Consider
- High rental market may limit home ownership opportunities
- Limited separate houses - only 36.5% compared to VIC average of 73.4%
- Higher median monthly mortgage of $2,953
- Unemployment rate slightly below average at 4.3%
- High percentage of single-person households at 45.1%
What's it like living here?
Residents of Gardenvale enjoy a lifestyle that includes a high rate of working from home, with 40.5% of the workforce doing so, compared to the Victorian average of 25.7%. The suburb has a strong professional presence, with 37.7% of the population employed as professionals. Commuting is varied, with 33.2% driving to work and 8.4% using public transport. The community has a multicultural feel, with 38.3% of residents born overseas and a variety of languages spoken at home.