Greensborough, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Greensborough
VICCensus 2021 · Population 21,069
Greensborough is a suburb with a population of 21,069, characterized by a median age of 41, slightly older than the Victorian average of 38. The gender distribution is relatively balanced, with 48.9% male and 51.1% female. The suburb has a strong family presence, with 49.3% of households being couples with children and 36.1% couples without children. The area is predominantly owner-occupied, with 38.0% of homes owned outright and 42.4% owned with a mortgage. The housing stock is primarily separate houses, making up 84.9% of all dwellings.
Key Highlights
- Above average household income - $2,075 weekly (vs VIC $1,759)
- High home ownership - 80.4% owned (outright or with mortgage)
- Low unemployment rate - 4.0% (vs VIC 5.0%)
- Significant work-from-home population - 32.1% (vs VIC 25.7%)
- Predominantly separate houses - 84.9% (vs VIC 73.4%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Low public transport usage could indicate limited access or preference
- High percentage of separate houses may limit apartment availability
- Moderate rental market presence at 17.3% (vs VIC 28.5%)
- Higher median mortgage payments - $2,167 monthly
What's it like living here?
Daily life in Greensborough is likely to be family-oriented, with a significant portion of the population working from home (32.1%), which is higher than the Victorian average of 25.7%. Commuting is primarily done by car, with 46.3% of residents driving to work, while public transport usage is relatively low at 3.8%. The community has a strong local feel, with 76.4% of residents born in Australia and 80.9% speaking only English at home.