Junction Village, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Junction Village
VICCensus 2021 · Population 1,054
Junction Village is a small, mature community with a total population of 1,054 residents. The median age here is 54, significantly higher than the Victorian average of 38, indicating a predominantly older demographic. The suburb has a higher percentage of females (55.1%) compared to males (44.9%). Families in Junction Village are more likely to be couples without children, comprising 46.8% of households, while single-person households make up 38.7%. The area has a strong sense of ownership with 38.9% of homes owned outright, and 34.3% owned with a mortgage.
Key Highlights
- Low unemployment rate of 3.6% compared to 5.0% in Victoria
- High percentage of English-only speakers at home - 87.4%
- Significant proportion of residents born in Australia - 77.5%
- Predominantly owner-occupied housing - 73.2% owned outright or with a mortgage
- Technicians and Trades Workers make up 19.9% of the workforce
Things to Consider
- Lower educational attainment with only 7.0% holding a bachelor's degree or higher
- Median household income of $1,080 per week, below the Victorian average of $1,759
- Limited public transport usage at 1.1%
- High median age of 54 may not appeal to younger demographics
- Lower work-from-home percentage at 11.0% compared to the state average of 25.7%
What's it like living here?
Daily life in Junction Village is characterized by a quieter, more relaxed pace, suitable for those who prefer a suburban lifestyle. The majority of residents commute by car, with 65.9% driving to work, and a small percentage (1.1%) using public transport. The suburb has a relatively low labour force participation rate of 42.5%, reflecting its older population. Work-from-home arrangements are less common here, with only 11% of residents working remotely.