Postcode · Area profile
3003, VIC
7 km²
High personal incomes and a large proportion of professionals define postcode 3003. This is a young, urban community where the typical resident is just 31 and many hold university degrees. It is a highly transient place, with over 70% of people moving in within the last five years. This fast-paced character is reflected in a landscape of high-density apartments and a workforce that frequently works from home.
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The area is noticeably younger than the state and national figures, with children under 15 and seniors both far below average. A high proportion of residents are in de facto relationships, and more than half of the population are young adults aged 25 to 44.
Born overseas, 53.5% of the community hail from other countries, a figure far above the national average. This diversity is driven by large Chinese and Indian communities, with Chinese ancestry being the most common at 21.2%.
Almost half of all residents use a language other than English at home, which is far above the national figure. Mandarin is the most common non-English language, and about 5.1% of people speak little or no English.
A majority of residents, 53.8%, report having no religion, which is far above the national average. This figure has risen by 18 points since 2011.
The community is highly qualified, with 56.3% of adults holding a bachelor degree or higher, far above the national figure of 26.3%. This high level of education is reflected in the most common qualifications being in management and commerce.
Typical personal income is $1,058 a week, which is well above the national figure. This wealth is seen in the 17.6% of people earning over $2,000 weekly, a proportion much higher than most other areas.
The population is generally healthy, with long-term health conditions and the need for help with daily activities both well below the state and national averages.
Consistent with its young and working population, there are far fewer people providing unpaid care or caring for children compared to the national average. Volunteer rates are also a little below the national figure.
Living arrangements are small, with the typical home holding only 1.9 people. This is driven by a very high number of people living alone, which is far above the national average.
Apartments dominate the landscape, with 79.6% of homes being flats or apartments and renting far more common here than elsewhere. Very few residents own their homes outright, and most dwellings have only one or two bedrooms.
Many residents forgo cars, as 36.4% of homes have no motor vehicle. This is supported by an exceptional number of public transport stops and the fact that 38.4% of the workforce works from home.
The population is highly mobile, with 73.9% of people moving house in the last five years. This is far above the national average and is linked to the high number of recent overseas arrivals.
A high proportion of the community is working or looking for work, with professionals making up nearly 40% of occupations. The unemployment rate is a little above the national figure at 6.4%.
The area is ranked as having the highest level of overall advantage, driven by exceptional scores for education and job skills.
Described as a walker's paradise, nearly all homes are within a 15-minute walk of groceries, health services, and public transport, far exceeding state averages.
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