Lyndhurst, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Lyndhurst
VICCensus 2021 · Population 8,921
Lyndhurst is a family-oriented suburb with a total population of 8,921 and a median age of 33, which is younger than the Victorian average of 38. The suburb has a significant proportion of families, with 68.4% of households being couples with children. The cultural diversity is notable, with 56.5% of residents born overseas, primarily from India, Sri Lanka, and the Philippines. The housing market is predominantly owner-occupied, with 67.5% of homes owned with a mortgage.
Key Highlights
- High household income - median weekly income is $2,446 (vs VIC $1,759)
- Highly educated population - 34.7% hold bachelor degrees (vs VIC 29.2%)
- Predominantly family households - 90.7% are family households
- Significant cultural diversity - 56.5% born overseas (vs VIC 35.0%)
- Low rental market - only 19.9% of properties are rented (vs VIC 28.5%)
Things to Consider
- Higher mortgage costs - median monthly mortgage is $2,167
- Limited public transport use - only 5.4% use public transport
- Higher percentage of overseas-born residents may affect community integration
- Slightly higher unemployment rate at 5.1% compared to VIC 5.0%
- Lower percentage of people working from home compared to VIC average
What's it like living here?
Daily life in Lyndhurst is characterized by a strong community feel, with many residents commuting by car, as indicated by the 55.6% car driver rate. The suburb has a high labour force participation rate of 74.0%, with a significant portion of the population working from home (23.8%). The area offers a mix of professional and trade occupations, contributing to its vibrant community.