Knoxfield, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Knoxfield
VICCensus 2021 · Population 7,648
Knoxfield is a suburb with a population of 7,648 people, characterized by a median age of 41, which is slightly older than the Victorian average of 38. The suburb has a balanced gender distribution with 48.9% males and 51.1% females. Families are a significant part of the community, with 46.4% of households being couples with children and 36.8% couples without children. The suburb has a diverse cultural background, with 39.1% of residents born overseas, slightly above the Victorian average of 35.0%.
Key Highlights
- Above average income - median household income is $1,762 weekly (vs VIC $1,759)
- High home ownership - 73.6% of homes are owned outright or with a mortgage
- Diverse cultural background - 39.1% born overseas
- High education levels - 29.5% hold a bachelor's degree or higher
- Low unemployment rate - 4.6% (vs VIC 5.0%)
Things to Consider
- Higher median age may not appeal to younger buyers
- Limited public transport usage at 2.7%
- Higher median weekly rent of $421
- Low percentage of apartments at 0.3%
- Moderate percentage of single-parent households at 15.2%
What's it like living here?
Daily life in Knoxfield is shaped by its suburban setting, with 55.8% of residents driving to work, reflecting a car-dependent lifestyle. The suburb has a relatively high work-from-home rate of 25.2%, comparable to the Victorian average of 25.7%. The community has a strong family presence, with 76.5% of households being family households, and an average of 2.6 people per household.