Covering 200 hectares of land and water, Docklands is the newest Melbourne suburb offering a range of entertainment, waterfront restaurants and shops, residential, technology and business uses. Located on prime waterfront land adjacent to main transport networks, the central city and industrial areas, Docklands will provide research, education, marina and sporting uses and will house significant public space infrastructure.

Docklands is expected to change the look and feel of Melbourne. It is planned to be a waterfront destination for an estimated 20 million visitors each year, workplace for 20,000 people and home to 20,000. The continued development is also projected to create approximately 3,000 construction and permanent jobs each year. Improved transport links, including extensions to road networks, tram links and river transport options are ensuring that Docklands is well connected with surrounding areas.

Social Profile

Education

• 17.8% of Docklands residents attend an academic institution, 0.6% Preschool, 0% Primary school, 3% Secondary school, 2.4% TAFE, 1.2% Private college, 9.5% University, 1.2% Adult education and 1.2% other.
• Docklands residents are highly educated 12.4% have a post graduate degree, 8.1% a graduate diploma, 28% a bachelor degree, 11.2% an advanced diploma, 18% a certificate, 16.1% none and 6.2% not stated.
Inner City Residents Survey

Household and Family Structure
The average household size in Docklands is 1.94 people.


• 52.9% are couple only families
• 25.9% are sole person households
• 12.9% are two parent families
• 3.5% are group households
• There are no one parent families and there are 4.7% other types of families
Inner City Residents Survey

Culture and Language Profile
The top countries of birth of Docklands residents outside Australia are:

• United Kingdom (7.1%)
• New Zealand (5.3%)
• Malaysia (2.4%)
• Taiwan (2.4%)

The top four languages other than English for Docklands residents are:


• Mandarin (3%)
• Chinese (other) 2.4%
• Cantonese (1.8%)
• Vietnamese (1.8%)
Inner City Residents Survey

Docklands is one of the more affluent City of Melbourne suburbs with 62% of residents earning more than $800 per week and a very small proportion, 9.3%, earning less than $200 per week

Residents within Docklands received on average only 0.4% of all pensions and benefits in the City of Melbourne, in spite of making up 4.5% of the overall population.



Investment Details
Population growth rate 2004 to 2005
Docklands: 20.5%
Vic Melbourne: 5.6%

Average weekly household income
Docklands: $1,200-$1,499
Vic Melbourne: $800-$999

Docklands Unit Rental Return: 4.3% p.a.

Dockland Demographics:
TYPE OF OWNERSHIP
Fully owned 21%
Being purchased 13%
Rented 61%
Other 4%

INCOME DISTRIBUTION
nil to $399 : 16%
$400 to $799 : 15%
$800 to $1,199 : 18%
$1,200 to $1,499 : 6%
$1,500 to $1,999 : 22%
$2,000 plus : 24%

Souce: ABS