Mckinnon (Vic.)

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Analysis of ABS population updates for the wider region and new address datasets verified by Districts since the Census indicates the population of the suburb of McKinnon is approximately 7,692 as of May 2026. This represents an expansion of 814 people (11.8%) from the 2021 Census, which documented a population of 6,878 people. The variation is calculated from a resident population of 7,676, computed by Districts through examining the latest ERP data release from the ABS (June 2025) and a further 125 validated new addresses since the Census date. This size of population translates to a density ratio of 4,868 persons per square kilometer, positioning it within the top 10% of national locations analyzed by Districts, showing that land locally is an extremely sought-after resource. The 11.8% growth rate in the suburb of McKinnon since the 2021 census was faster than the SA4 region (8.0%) and the state, marking it as a regional growth leader. Population growth in the area was mostly driven by arrivals from overseas, which made up approximately of total population gains in recent times.

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McKinnon is characterized by a highly educated workforce, with professional services showing strong representation, an unemployment rate of only 3.2%, and 1.2% in estimated employment growth over the past year, based on Districts aggregation of statistical area data. As of March 2026, 4,291 residents are in work while the unemployment rate is 1.5% below Greater Melbourne's rate of 4.8%, and workforce participation is generally similar to Greater Melbourne's 70.2%. Based on Census responses, a high 47.3% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

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According to Districts' aggregation of the latest postcode level ATO data released for financial year 2023, the suburb of McKinnon had a median income among taxpayers of $61,006 with the average level standing at $85,199. This is among the highest in Australia and compares to levels of $57,688 and $75,164 across Greater Melbourne respectively. Based on Wage Price Index growth of 9.62% since financial year 2023, current estimates would be approximately $66,875 (median) and $93,395 (average) as of March 2026. According to 2021 Census figures, household, family and personal incomes all rank highly in McKinnon, between the 75th and 88th percentiles nationally. Distribution data shows 27.6% of the population (2,122 individuals) fall within the $4000+ income range, differing from patterns across the broader area where - dominates with . The substantial proportion of high earners ( above /week) indicates strong economic capacity throughout the district. High housing costs consume of income, though strong earnings still place disposable income at the th percentile and the area's SEIFA income ranking places it in the th decile.

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Dwelling structure within McKinnon, as evaluated at the latest Census, comprised 59.0% houses and 41.0% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Melbourne metro's 67.9% houses and 32.1% other dwellings. Meanwhile, the level of home ownership within McKinnon was in line with that of Melbourne metro, at 31.8%, with the remainder of dwellings either mortgaged (34.8%) or rented (33.3%). The median monthly mortgage repayment in the area was well above the Melbourne metro average at $2,689, while the median weekly rent figure was recorded at $516, compared to Melbourne metro's $2,000 and $390. Nationally, McKinnon's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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Family households dominate at 80.0% of all households, comprising 45.1% couples with children, 21.0% couples without children, and 13.0% single parent families. Non-family households make up the remaining 20.0%, with lone person households at 17.7% and group households comprising 2.3% of the total. The median household size of 2.8 people is larger than the Greater Melbourne average of 2.6.

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Educational attainment in McKinnon significantly surpasses broader benchmarks, with 49.4% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 33.4% in VIC. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 31.1%, followed by postgraduate qualifications (13.8%) and graduate diplomas (4.5%). Vocational pathways account for 20.4% of qualifications among those aged 15+ – advanced diplomas (10.3%) and certificates (10.1%).

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Public transport analysis reveals 28 active transport stops operating within McKinnon comprising a mix of buses. These stops are serviced by 3 individual routes, collectively providing 1,909 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 170 meters from the nearest transport stop. As a primarily residential area, most residents commute outward - car remains the dominant mode at 79%, with 12% by train. Vehicle ownership averages 1.3 per dwelling. A high 47.3% of residents work from home (2021 Census; may reflect COVID-19 conditions).

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Health outcomes data demonstrates outstanding results across McKinnon, based on Districts' assessment of mortality rates and chronic condition prevalence with both young and old age cohorts seeing low prevalence of common health conditions , and the rate of private health cover found to be exceptionally high at approximately 60% of the total population (4,647 people). This compares to 56.7% across Greater Melbourne.

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McKinnon scores quite highly on cultural diversity, with 40.0% of its population born overseas and 35.8% speaking a language other than English at home. The main religion in McKinnon was found to be Christianity, which makes up 34.2% of people in McKinnon. However, the most apparent overrepresentation was in Judaism, which comprises 10.1% of the population, substantially higher than the Greater Melbourne average of 1.0%.

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With a median age of 40, McKinnon is somewhat higher than the Greater Melbourne figure of 37 similarly marginally higher than Australia's 38 years. Compared to the Greater Melbourne average, the 45 - 54 cohort is notably over-represented (16.2% locally), while 25 - 34 year-olds are under-represented (9.0%). In the period since 2021, the 15 to 24 age group has grown from 14.3% to 15.6% of the population. Conversely, the 5 to 14 cohort has declined from 16.5% to 15.2% and the 45 to 54 group dropped from 17.3% to 16.2%. Demographic modeling suggests McKinnon's age profile will evolve significantly by . The to age cohort is projected to see notable expansion, expanding by people () from to . Meanwhile, the to cohort grows by a modest ( people).

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McKinnon currently has an estimated 284 children under 5 years old, comprising approximately 189 children aged 0-2 and 126 children aged 3-4. This cohort declined by an estimated 4% since the previous census. though population forecasts indicate future growth, with an anticipated increase of 10% by 2041 (to approximately 312 children). Meanwhile the 5-12 cohort currently amounts to 786. Birth rates in the area have averaged 7.4 per 1,000 residents over the latest two-year period, a low rate (among the bottom 20% of areas assessed nationally). This rate has slowed down slightly in recent years however.