McCrae, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
McCrae
VICCensus 2021 · Population 3,316
McCrae is a coastal suburb with a population of 3,316, characterized by a higher median age of 55 compared to the Victorian average of 38. The community is predominantly Australian-born, with 81.9% of residents born in Australia. The suburb has a significant proportion of couple households without children, accounting for 55.8% of families. Housing in McCrae is largely owner-occupied, with 51.9% of homes owned outright and only 15.1% rented, reflecting a stable, settled community. The suburb's income levels are below the state average, with a median household weekly income of $1,433 compared to Victoria's $1,759.
Key Highlights
- High proportion of owner-occupied homes - 51.9% owned outright
- Low unemployment rate of 3.9%, below the Victorian average of 5.0%
- Predominantly Australian-born population - 81.9%
- Significant number of professionals - 21.8% of the workforce
- High percentage of couple households without children - 55.8%
Things to Consider
- Median age of 55, significantly higher than the Victorian average of 38
- Below average educational attainment with 22.0% holding a bachelor's degree or higher
- Limited public transport usage at 0.8%
- Lower labour force participation rate at 51.3%
- Higher percentage of arthritis among residents at 14.0%
What's it like living here?
Daily life in McCrae is laid-back, with a strong sense of community among its residents. The suburb has a high percentage of people working from home (23.0%), which is slightly below the Victorian average. Commuting is primarily by car, with 53.6% of residents driving to work. The suburb's coastal location offers a relaxed lifestyle, appealing to retirees and those seeking a quieter environment.