Postcode · Area profile
3124, VIC
8 km²
An overall advantage score of 1,137 places postcode 3124 among the most affluent areas in the country. This is a highly educated, professional community where over half of adults hold a university degree. The neighbourhood is noticeably older than the national average, with a significant increase in seniors since 2011. Its character is shaped by high incomes and a strong connection to the city, making it a privileged pocket of Greater Melbourne.
An affluent area whose schools serve an equally well-off community.
Explore 3124, VIC by topic
The typical resident is 43, making the area noticeably older than the state and national average of 38. Seniors aged 65 and over make up 21.7% of the population, a figure that has risen by 4.9 percentage points since 2011.
Born overseas, 31.4% of residents come from outside Australia, which is well above the national figure. This diversity has grown by 5.3 percentage points since 2011, with Chinese and English being the most common ancestries after Australian.
About 25.9% of people use a language other than English at home, a figure that has risen by 7.3 percentage points over the last decade. Mandarin is the most common non-English language, spoken by 9.3% of the community.
A large number of residents report no religion, at 44.4%, which is well above the national figure. This has seen a sharp increase of 17 percentage points since 2011.
This is a highly qualified area, with 52.2% of adults holding a bachelor degree or higher, far exceeding the national figure of 26.3%. This trend is reflected in the school results, where the average school advantage score is among the highest at this level.
Wealth is very high here, with 40.7% of households earning $3,000 or more per week, far above the national figure of 22.6%. The typical family earns $3,264 weekly, which is well above the national typical income.
While 6.0% of people need help with daily activities, which is higher than most areas, the rate of people with long-term health or mental health conditions is a little below the national average.
Unpaid care is common, with 14.4% of people providing such support, which is a little above the national figure. Volunteering is also higher than the national average, though it has fallen by 6.0 percentage points since 2011.
Families with children are common, making up 64.1% of households. This helps explain why the average home contains 2.6 people, slightly more than the national typical of 2.5.
Homes are expensive and often owned outright, with 42.5% of residents owning their home without a mortgage. Typical weekly rents are well above the national figure at $486, while monthly mortgage payments are far higher than the state average at $3,000.
Working from home is very common, with 43.9% of the workforce doing so, far above the national figure. The area is well-served by public transport, boasting 144 stops and a very high number of weekly departures.
The population is quite mobile, with 37.9% of people having moved in the last five years. Recent arrivals from overseas make up 13.4% of the community, though this has fallen slightly since 2011.
The workforce is dominated by professionals and managers, with 39.9% of people working in professional roles. Most common industries include health care, social assistance, and professional and technical services.
With a top score of 10 for both education and overall advantage, this area is among the most advantaged in the country. It ranks higher than about 90% of similar areas in terms of access to money and resources.
Described as a walker's paradise, 100% of homes are within a 15-minute walk of groceries, parks, and schools. Almost every home is also within a 10-minute walk of public transport.
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