Postcode · Area profile

3031, VIC

5 km²

A surge in high earners and university graduates has transformed postcode 3031 into a highly educated and affluent hub since 2011. The community is noticeably younger than the national figure, with many young adults living in a mix of apartments and townhouses. It is a diverse and mobile area where nearly half the population has moved house in the last five years. Its extreme walkability and proximity to the city make it a prime spot for professionals who often work from home.

3031, VIC's schools draw a community as advantaged as its high household incomes suggest.

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The area is much younger than most, with a typical resident aged 35. While children under 15 and seniors both make up a smaller share than the state average, there is a very high proportion of people in de facto relationships.

Overseas-born residents make up 32.5% of the population, which is well above the national figure. The most common ancestries are English, Australian, Irish, Scottish and Chinese.

Language diversity is high, with 28% of people using a language other than English at home. This is consistent with the high overseas birth rate, though the proportion of people speaking little or no English has fallen slightly since 2016.

The community has shifted strongly away from organised religion, with 52.4% of people reporting no religion. This is far above the national figure and has risen by 19 percentage points since 2011.

The area is exceptionally well-qualified, as nearly half of all adults hold a bachelor degree or higher. This is far above the national average and has grown by 9.5 percentage points since 2011.

Typical incomes are much higher than in most areas, with the usual weekly family income reaching $2,750. Since 2011, the share of households earning $3,000 or more per week has doubled to 29.4%.

While the share of people with long-term health conditions is about the same as the state average, there is a much higher rate of mental health conditions compared to most areas.

Unpaid care and housework are much less common here than in other areas. About 15.5% of residents volunteer, which is a little above the national figure but lower than it was in 2011.

Living arrangements are quite distinct, with a very high number of people living alone (37.8%) and smaller-than-usual households of just 2.1 people per home.

Rental properties dominate the market at 53.7%, far above the state average. Detached houses are rare, with most people living in townhouses or flats, and very few owning their homes outright.

The area is a hub for flexible work, with 44.1% of people working from home. This is far above the national figure, and nearly one in five homes has no motor vehicle.

The population is very mobile, with 46.8% of residents having moved in the last five years. This is well above the national average, although the rate of recent overseas arrivals has fallen since 2011.

Employment is high, with 70.7% of adults working or looking for work. Professionals and managers make up the largest share of the workforce, which aligns with the high level of university qualifications.

The area is ranked as very advantaged overall, particularly regarding education and job skills, which is among the highest in the country.

With only 6 recorded offences per 100,000 people, this area has a much lower crime rate than most other areas.

Described as a walker's paradise, every single home is within a 15-minute walk of public transport, parks, schools and groceries.

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