Mulgrave, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Mulgrave
VICCensus 2021 · Population 19,885
Mulgrave is a suburb with a population of 19,885, characterized by a median age of 40, slightly above the Victorian average of 38. The suburb has a balanced gender distribution with 50.2% male and 49.8% female residents. Families dominate the area, with 50% of households being couples with children and 34.1% being couples without children. The suburb has a diverse cultural background, with 49.7% of the population born overseas, significantly higher than the state average of 35%. The community is well-educated, with 32.7% holding a bachelor's degree or higher, compared to the state average of 29.2%.
Key Highlights
- Above average household income - $1,913 weekly (vs VIC $1,759)
- High home ownership - 38% owned outright
- Diverse cultural background - 49.7% born overseas
- High education levels - 32.7% hold bachelor degrees (vs VIC 29.2%)
- Significant professional workforce - 26.7% employed as professionals
Things to Consider
- Higher median age may not appeal to younger demographics
- Low public transport usage - only 3.9% use it for commuting
- Limited apartment living options - only 0.3% apartments
- Higher median weekly rent at $430 may affect affordability
- Moderate unemployment rate at 5.1%
What's it like living here?
Daily life in Mulgrave is characterized by a strong sense of community and family-oriented activities. The suburb has a high percentage of owner-occupied homes, with 38% owned outright and 36.8% owned with a mortgage. Commuting is primarily done by car, with 52.7% of residents driving to work, while 27.1% work from home. The suburb offers a mix of professional and administrative job opportunities, with 26.7% of the workforce employed as professionals.