Glen Iris, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Glen Iris
VICCensus 2021 · Population 26,132
Glen Iris is an established suburb with a population of 26,132, characterized by a median age of 40, slightly higher than the Victorian average of 38. The suburb has a balanced gender distribution with 48.1% males and 51.9% females. Families are predominant here, with 51.7% being couples with children and 35.6% couples without children. The area is highly educated, with 53.4% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 53.4% hold bachelor degrees (vs VIC 29.2%)
- High median household income of $2,491 per week (vs VIC $1,759)
- Low unemployment rate of 4.0% (vs VIC 5.0%)
- Significant professional workforce - 40.2% in professional roles
- High rate of home ownership with 37.0% owned outright
Things to Consider
- Higher property prices may challenge first-home buyers
- Lower percentage of separate houses at 54.6% (vs VIC 73.4%)
- High percentage of high-income households at 44.2%
- Median weekly rent of $450 may be high for some renters
- 30.3% born overseas, slightly below VIC average of 35.0%
What's it like living here?
Daily life in Glen Iris is marked by a high level of professional employment, with 40.2% of the workforce being professionals. The suburb has a high work-from-home rate of 43.3%, compared to the Victorian average of 25.7%, indicating a strong remote working culture. Commuting is facilitated by a mix of car usage and public transport, though 33.9% of residents drive to work.