Heidelberg, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Heidelberg
VICCensus 2021 · Population 7,361
Heidelberg is a suburb with a population of 7,361, characterized by a median age of 39, slightly above the Victorian average of 38. The gender distribution is fairly balanced with 47.9% males and 52.1% females. The area has a diverse age distribution, with 5.5% of the population in the 0-4 age group and 6.0% in the 5-9 age group. Families in Heidelberg are predominantly couples with children (43.6%) and couples without children (41.4%). Single-parent families make up 13.3% of the population. The average household size is 2.3 people.
Key Highlights
- Highly educated population - 47.0% hold bachelor degrees or higher (vs VIC 29.2%)
- Above average household income - median weekly income is $2,012 (vs VIC $1,759)
- Significant work-from-home culture - 37.0% work from home (vs VIC 25.7%)
- Diverse housing options with 40.6% apartments and 42.3% separate houses
- Strong professional presence - 41.8% of workforce in professional occupations
Things to Consider
- High rental market presence - 41.1% of properties are rented (vs VIC 28.5%)
- Lower percentage of separate houses - 42.3% (vs VIC 73.4%)
- Higher median monthly mortgage - $2,150, which may impact affordability
- Slightly higher unemployment rate at 4.3% compared to VIC average of 5.0%
- Potential for congestion with only 32.8% using cars for commuting
What's it like living here?
Daily life in Heidelberg is influenced by its proximity to healthcare and educational facilities, as evidenced by the top industries being hospitals and higher education. The suburb has a high rate of professionals (41.8%) and a significant portion of the workforce works from home (37.0%), which is higher than the Victorian average. Commuting is varied, with 32.8% driving cars and 5.6% using public transport.