Gowanbrae, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Gowanbrae
VICCensus 2021 · Population 2,965
Gowanbrae is a suburb with a population of 2,965, characterized by a median age of 40, which is slightly older than the Victorian average of 38. The area has a balanced gender distribution with 48.2% males and 51.8% females. Families are predominant, with 53.2% of households being couples with children, and 30.8% being couples without children. The suburb has a high median household weekly income of $2,208, significantly above the Victorian average of $1,759.
Key Highlights
- High income levels with a median household weekly income of $2,208 (vs VIC $1,759)
- Majority of residents are homeowners with 48.5% owning with a mortgage
- High percentage of family households at 77.3%
- Significant work-from-home population at 29.5% (vs VIC 25.7%)
- Low unemployment rate at 4.5% (vs VIC 5.0%)
Things to Consider
- Lower percentage of separate houses at 69.1% (vs VIC 73.4%)
- Limited public transport usage at 2.7%
- Higher median weekly rent at $445
- Lower percentage of residents with a bachelor's degree or higher at 26.6% (vs VIC 29.2%)
- Limited diversity with 73.3% born in Australia
What's it like living here?
Residents of Gowanbrae experience a suburban lifestyle with a high rate of home ownership, as 48.5% of homes are owned with a mortgage and 30.5% are owned outright. The suburb has a strong community feel, with 77.3% of households being family households. Commuting is primarily done by car, with 51.4% of residents driving to work, while 29.5% work from home, which is higher than the Victorian average.