McKinnon, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
McKinnon
VICCensus 2021 · Population 6,881
McKinnon is a suburb with a population of 6,881, characterized by a median age of 40, slightly older than the Victorian average of 38. The area has a balanced gender distribution with 48.4% male and 51.6% female residents. Families dominate the suburb, with 55.6% of households being couples with children, and 27.0% being couples without children. The suburb shows a high level of education, with 45.6% of residents holding a bachelor's degree or higher, significantly above the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 45.6% hold bachelor degrees (vs VIC 29.2%)
- High median household income of $2,410 weekly (vs VIC $1,759)
- Significant work-from-home culture - 41.9% (vs VIC 25.7%)
- Diverse cultural community with 9.2% born in China
- High percentage of professionals - 36.3% of workforce
Things to Consider
- Higher property prices may challenge first-home buyers
- Lower percentage of separate houses compared to VIC average (58.9% vs 73.4%)
- Rented properties slightly above VIC average (32.6% vs 28.5%)
- Unemployment rate slightly below VIC average (4.5% vs 5.0%)
What's it like living here?
Daily life in McKinnon is marked by a strong community feel, with a high percentage of family households (80.0%). Commuting patterns indicate a significant number of residents work from home (41.9%), much higher than the Victorian average of 25.7%. The suburb has a diverse cultural background, with 58.5% of residents born in Australia and a notable Chinese community making up 9.2% of the population.