Yarrawonga, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Yarrawonga
VICCensus 2021 · Population 8,654
Yarrawonga is a suburb with a total population of 8,654 people, characterized by a mature demographic with a median age of 52, significantly higher than the Victorian median of 38. The suburb has a balanced gender distribution with 48.5% males and 51.5% females. A significant portion of the population, 54.4%, consists of couples without children, indicating a strong presence of older residents or empty nesters. The area also has a notable percentage of single-person households at 29.6%.
Key Highlights
- Low unemployment rate at 2.8%
- High percentage of separate houses at 84.3%
- Significant owner-occupied properties with 46.1% owned outright
- High percentage of English speakers at home at 90.6%
- Low median weekly rent of $290
Things to Consider
- Median age significantly higher than the state average
- Lower educational attainment with 11.2% holding a bachelor's degree
- Below average median household income at $1,149 weekly
- Limited public transport usage at 0.2%
- Higher prevalence of health conditions like arthritis at 15.0%
What's it like living here?
Daily life in Yarrawonga is likely to be quiet and community-focused, with a high percentage of residents driving to work (67.4%) and a small fraction using public transport (0.2%). The suburb has a relatively low labour force participation rate of 47.8%, which may reflect the older population. Work-from-home arrangements are present but not predominant, with 8.0% of the workforce working from home.