Kooyong, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Kooyong
VICCensus 2021 · Population 841
Kooyong is a small, affluent suburb with a population of 841 residents. The median age is 44, which is higher than the Victorian average of 38, indicating a more mature community. The suburb has a balanced gender distribution with 51.4% males and 48.6% females. The area is characterized by a high level of education, with 58.4% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%. Kooyong's residents are predominantly Australian-born (76.4%), with a smaller proportion of overseas-born individuals (23.6%) compared to the state average of 35.0%.
Key Highlights
- Highly educated population - 58.4% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $3,218 weekly (vs VIC $1,759)
- Significant work-from-home culture - 43.2% (vs VIC 25.7%)
- Predominantly owner-occupied housing - 73.6% owned outright or with mortgage
- Low unemployment rate - 4.8% (vs VIC 5.0%)
Things to Consider
- Higher property prices may challenge first-home buyers
- Limited public transport usage at 5.1%
- High median monthly mortgage of $3,425
- Lower proportion of separate houses at 43.7% (vs VIC 73.4%)
- Relatively small population size may limit local amenities
What's it like living here?
Daily life in Kooyong is likely to be comfortable and convenient, with a significant portion of the population working from home (43.2%), which is much higher than the Victorian average of 25.7%. Commuting is less common, with only 35.6% driving to work and 5.1% using public transport. The suburb has a strong professional presence, with 41.1% of the workforce employed as professionals. The community feel is likely to be close-knit, with a high percentage of family households (70.7%) and a significant number of couple-with-children families (44.4%).