Monbulk, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Monbulk
VICCensus 2021 · Population 3,653
Monbulk is a suburb with a population of 3,653, characterized by a median age of 41, slightly older than the Victorian average of 38. The gender distribution is fairly balanced with 50.1% male and 49.9% female. Families are a significant part of the community, with 46.9% being couples with children and 36.0% couples without children. The suburb has a strong sense of homeownership, with 37.5% of homes owned outright and 44.7% owned with a mortgage.
Key Highlights
- Low unemployment rate at 3.3% (vs VIC 5.0%)
- High percentage of separate houses at 95.9% (vs VIC 73.4%)
- 21.2% work from home, close to VIC average of 25.7%
- High homeownership with 37.5% owned outright
- Technicians and Trades Workers are the largest occupation group at 20.9%
Things to Consider
- Lower percentage of residents with a bachelor's degree or higher at 20.7% (vs VIC 29.2%)
- Lower cultural diversity with 80.3% born in Australia (vs VIC 65.0%)
- Public transport usage is very low at 1.1%
- High percentage of mental health conditions at 10.1%
- Median household income is slightly below the Victorian average
What's it like living here?
Daily life in Monbulk is likely to be relaxed and community-focused, with a significant portion of the population working from home (21.2%), which is slightly below the Victorian average. The suburb has a high percentage of separate houses (95.9%), providing ample space for families. Commuting is predominantly by car, with 56.3% driving to work, and public transport usage is minimal at 1.1%.