Coral Bank, VIC
By Lauren McCaleb · Reviewed by Dylan Duncan ·
More advantaged than the national average
Coral Bank is more socio-economically advantaged than about 69% of the 14,462 Australian suburbs we score, based on the ABS SEIFA index (raw score 1020, where about 1000 is the national average).
A socio-economic measure from ABS Census data — not a measure of how good a suburb is to live in or visit. How we calculate this.
Coral Bank at a glance
- Population (2021)
- 88
- Median age
- 57
- Median weekly household income
- $1,812
- SEIFA score
- 1020
- Coordinates
- -36.6198, 147.1061
Coral Bank demographics (2021 Census)
The figures below profile Coral Bank using the Australian Bureau of Statistics 2021 Census; every percentage is a share of a clearly stated Census count, so each one traces back to the source. At a glance, the largest age group is mid-life (45–64) at 44%, 10% of homes are rented, and 17% of residents were born overseas.
Age profile
| Age group | People | Share |
|---|---|---|
| Children (0–14) | 6 | 7% |
| Youth (15–24) | 3 | 3% |
| Young adults (25–44) | 18 | 20% |
| Mid-life (45–64) | 39 | 44% |
| Seniors (65+) | 23 | 26% |
Share of the 89 people counted by age.
Housing and households
| Tenure | Dwellings | Share |
|---|---|---|
| Owned outright | 22 | 55% |
| Owned with a mortgage | 14 | 35% |
| Rented | 4 | 10% |
| Dwelling type | Dwellings | Share |
|---|---|---|
| Houses | 33 | 100% |
| Townhouses & semis | 0 | 0% |
| Flats & apartments | 0 | 0% |
Tenure and dwelling shares are of the roughly 33 occupied private dwellings in Coral Bank.
- Median weekly rent
- $215
- Median monthly mortgage
- $985
- Average household size
- 2.3 people
- Median weekly family income
- $2,083
- Median weekly personal income
- $822
Community and culture
- Born overseas
- 14 (17%)
- Speaks a language other than English at home
- 3 (3%)
- Aboriginal and/or Torres Strait Islander
- 0 (0%)
Work and education
- Completed Year 12
- 37 (46%)
- Labour-force participation
- 60%
- Employed full-time
- 25
- Employed part-time
- 15
Source: ABS Census of Population and Housing, 2021 (General Community Profile, by Suburb and Locality). © Australian Bureau of Statistics, released under CC BY 4.0. How we group bands and derive each share is set out on our methodology page.
Common questions about Coral Bank
Where is Coral Bank?
Coral Bank is a suburb of Victoria, Australia.
What is the population of Coral Bank?
At the 2021 Census, Coral Bank had a population of about 88.
Is Coral Bank an advantaged area?
Coral Bank has an ABS SEIFA score of 1020, where about 1000 is the national average — higher scores indicate greater relative socio-economic advantage. That gives it a Suburb Score of 69 out of 100 — more socio-economically advantaged than about 69% of Australian suburbs.
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