Launching Place, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Launching Place
VICCensus 2021 · Population 2,493
Launching Place is a suburb with a total population of 2,493, characterized by an equal gender distribution. The median age is 38, aligning with the Victorian average. The suburb has a strong family presence, with 48.3% of households being couples with children and 35.8% couples without children. Housing is predominantly owner-occupied, with 34.3% owned outright and 57.2% owned with a mortgage. Separate houses make up 99.8% of the housing stock, significantly higher than the Victorian average of 73.4%.
Key Highlights
- Low unemployment rate of 3.4%, below the Victorian average of 5.0%
- High percentage of separate houses at 99.8% (vs VIC 73.4%)
- Above average median household weekly income at $1,830 (vs VIC $1,759)
- High owner-occupancy with 91.5% of homes owned outright or with a mortgage
- Predominantly English-speaking community with 93.3% speaking only English at home
Things to Consider
- Lower percentage of residents with a bachelor's degree or higher at 14.4% (vs VIC 29.2%)
- Limited public transport usage at 1.2%
- Higher percentage of mental health conditions at 11.2%
- Limited diversity with 84.2% born in Australia
- Lower work-from-home percentage at 15.2% compared to VIC average
What's it like living here?
Residents of Launching Place primarily commute by car, with 62.9% driving to work. The suburb has a modest work-from-home culture, with 15.2% of the workforce working remotely, which is below the Victorian average of 25.7%. The community is largely English-speaking, with 93.3% speaking only English at home, and a high percentage of residents born in Australia (84.2%).