Lancefield, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Lancefield
VICCensus 2021 · Population 2,743
Lancefield is a rural community with a population of 2,743 people, characterized by a slightly older median age of 41 compared to the Victorian average of 38. The suburb has a balanced gender distribution with 48.3% male and 51.7% female residents. Families are a significant part of the community, with 43.8% of households being couples with children and 40.1% being couples without children. The area has a high percentage of separate houses at 98.6%, indicating a strong preference for traditional housing styles.
Key Highlights
- Low unemployment rate of 3.0% compared to the Victorian average of 5.0%
- High percentage of separate houses at 98.6% (vs VIC 73.4%)
- Above average median household income of $1,838 per week (vs VIC $1,759)
- Significant owner-occupied housing with 86.6% owned outright or with a mortgage
- High percentage of residents born in Australia at 83.5%
Things to Consider
- Lower percentage of residents with bachelor's degrees or higher at 19.9% (vs VIC 29.2%)
- Limited public transport options with only 1.0% using it for commuting
- Higher median age of 41 may indicate fewer young professionals
- Lower diversity with 91.8% speaking only English at home
- Limited rental market with only 10.9% of properties rented
What's it like living here?
Daily life in Lancefield is likely to be quiet and community-focused, with a significant portion of the population working from home (22.0%), slightly below the Victorian average of 25.7%. The suburb has a high car dependency for commuting, with 58.1% of residents driving to work and only 1.0% using public transport. This suggests a need for personal vehicles to access employment and amenities.