Gnarwarre, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Gnarwarre
VICCensus 2021 · Population 296
Gnarwarre is a small rural community with a total population of 296 people. The median age is 43, which is higher than the Victorian average of 38, indicating a mature population. The suburb is characterized by a high percentage of family households at 87.6%, with 43% being couples with children. The area has a strong sense of ownership, with 46.2% of homes owned outright and 35.5% owned with a mortgage. The median household weekly income is $2,187, which is above the Victorian average of $1,759, suggesting a relatively affluent community.
Key Highlights
- Low unemployment rate at 2.7% (vs VIC 5.0%)
- High percentage of separate houses at 100% (vs VIC 73.4%)
- Above average median household income of $2,187 (vs VIC $1,759)
- Majority of population speaks only English at home, 91.6%
- High percentage of family households at 87.6%
Things to Consider
- Limited public transport options
- Higher median age may not appeal to younger demographics
- Lower percentage of residents with a bachelor's degree or higher at 22.4% (vs VIC 29.2%)
- Limited diversity with 82.8% born in Australia (vs VIC 65%)
- Relatively high median monthly mortgage at $2,500
What's it like living here?
Daily life in Gnarwarre is likely to be peaceful and community-oriented, with a significant portion of the population working from home (19.7%), although this is below the Victorian average of 25.7%. The majority of residents commute by car, with 60.5% driving to work. The community has a strong agricultural presence, with horse and sheep farming among the top industries.