Home / Employment Vulnerability Index 3.0 / Profile for Albert Park, VIC
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The suburb of Albert Park is a Low risk job loss community based on the CofFEE EVI modelling. |
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Albert Park is located in the Melbourne area, in VIC. Its CofFEE EVI score of suggests that it's residents are well placed to avoid employment loss if the national economy contracts It has an older population relative to the VIC average. In terms of post secondary qualifications, Albert Park has education levels which are above the VIC average. This reduces the likelihood that the suburb will experience job losses in a national contraction. Individuals in Albert Park earn more than the median individual income for VIC, while median family income in Albert Park is greater than the median family income for VIC. Mortgage holders in Albert Park are making monthly payments which are above the median VIC mortgage repayment. Albert Park's workforce is less likely to be part-time employed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is good. Albert Park's workforce is less likely to be underemployed relative to the VIC average, and its labour market performance summarised by its overall unemployment rate relative to VIC is good The following table has more indicators which allow you to appraise Albert Park relative to VIC and the nation as a whole. |
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| Indicator - August 2016 | Albert Park | VIC | Australia |
|---|---|---|---|
| Median Age | 40 | 37 | 38 |
| % without post secondary school qualifications | 24.84% | 38.74% | 39.50% |
| Median individual income ($ per week) | $1180 | $644 | $662 |
| Median family income ($ per week) | $2946 | $1715.00 | $1734.00 |
| Median household income ($ per week) | $2185 | $1419.00 | $1438.00 |
| Median mortgage repayment ($ per month) | $2500 | $1728 | $1755 |
| Median rent ($ per week) | $500 | $325 | $335 |
| Average household size | 2.10 | 2.60 | 2.60 |
| Part-time employment as a % total | 25.71% | 33.66% | 32.68% |
| Male unemployment rate | 4.49% | 6.56% | 7.00% |
| Female unemployment rate | 5.43% | 6.65% | 6.72% |
| Unemployment rate | 4.96% | 6.60% | 6.86% |
| Male labour force participation rate | 74.62% | 69.94% | 69.56% |
| Female labour force participation rate | 65.88% | 59.43% | 59.80% |
| Total labour force participation rate | 70.12% | 64.53% | 64.56% |
| Employment-Population ratio | 61.08% | 60.46% | 60.26% |
| % Employed in Mining | 0.57% | 0.33% | 1.66% |
| % Employed in Manufacturing | 4.02% | 7.77% | 6.40% |
| % Employed in Construction | 4.51% | 8.34% | 8.53% |
| % Employed in Retail Trade | 6.89% | 10.22% | 9.86% |
| % Employed in Accommodation, Cafes and Restaurants | 6.02% | 6.61% | 6.91% |
| % Employed in Finance and Insurance | 8.53% | 3.90% | 3.60% |
| % Employed in Property and Business Services | 3.39% | 1.57% | 1.70% |
Centre of Full Employment and Equity
University of Newcastle
University Drive
Callaghan NSW 2308
Australia
© CofFEE 2018
Contact
Telephone: +61-(0)2 4921 7283
E-mail: coffee@newcastle.edu.au
